How The Financial Markets Can Be Made To Support The Real Economy

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The London School of Economics

Room 206, Lakatos Building

7 Portugal Street

WC2A 2HJ

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A workshop hosted by Global Utmaning, nef (the new economics foundation), Global Climate Forum, and the Centre for Philosophy of Natural & Social Science

The global financial markets are increasingly out of the hands of national regulators; they are unstable and susceptible to shocks. Banks create the money supply, and their relative lending to real economy is declining. This is obstructing recovery of the global economy.

How can the global markets be controlled and incentivised to better support the real economy and sustainable growth?

Three recent studies on this subject will be presented and discussed

Moderator: Stewart Wallis, Executive Director, nef

17.00 Welcome/Introduction.

Roman Frigg, Director – Centre for Philosophy of Natural & Social Science

17.10 Where does money come from and where should it go?

Tony Greenham, Head of Finance and Business at nef, discusses a nef study on money creation within the financial system and the inherent risks. He also discusses how the system could be better adapted to incentivise transition and green growth.

17.40 Discussion

17.55 Inequality creates unstable markets and Was Irving Fischer right?

Michael Kumhof, Deputy Head of the modelling unit at the International Monetary Fund presents two recent IMF studies. The first study shows that increased inequality is driving bubbles and financial crisis. The second shows that a financial system that is restricted to supporting the real economy would create more growth and better stability.

18.25 Discussion & Break

18.50 Taming the global financial markets.

Ulf Dahlsten, Research Associate at CPNSS, London School of Economics, presents his doctoral thesis (presented at Potsdam University) on how the international rule of law can reap the benefits of the global market economy and strengthen national and regional sovereignty.

19.20 Discussion

19.30 Reflections on the way forward


Drinks Reception will follow, hosted by Global Utmaning


Spaces are limited so please register your interest by clicking on the link above

Date and time

Location

The London School of Economics

Room 206, Lakatos Building

7 Portugal Street

WC2A 2HJ

View Map

Organiser New Economics Foundation

Organiser of How The Financial Markets Can Be Made To Support The Real Economy

The New Economics Foundation is a think tank transforming the economy so it works for people and the planet. 

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