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Fresh Perspectives: Financial stability -Causes, effects and everything els...

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Aston Business School

Susan Cadbury Lecture Theatre, MBA Lounge

Aston University

Birmingham

B4 7ET

United Kingdom

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Since the global financial crisis, real incomes have fallen, cuts to public services have been dramatic and interest rates have hit record lows. A decade on - and a weak and inconsistent recovery later - has led to the question, what lessons have we learnt if any? More importantly, why are we still witnessing housing bubbles and rapid expansions in consumer credit across the world? In fact, is the financial system that damaged the world economy at it again?

This talk presents evidence on the importance of maintaining financial stability - and how financial instability is a phenomenon that depresses the economy even in the absence of a full-blown crisis. It discusses which various measures of financial instability are seen to peak prior to financial crisis and shows how more financially stable economies can withstand surges of credit inflows that have jeopardised economies in the past. To conclude, it examines the new schemes and regulations put in place by various multilateral organisations in an effort to try clean up the banking system, and discusses what we may expect to see in the future. Throughout the talk, real examples will be used to supplement the academic findings.

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Aston Business School

Susan Cadbury Lecture Theatre, MBA Lounge

Aston University

Birmingham

B4 7ET

United Kingdom

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