Building a Financial Structure for a More Stable and Equitable Economy

by Sabrina I. Pacifici on April 20, 2013

Press release: “It’s time to put global finance back in its proper place as a tool to achieving sustainable development. This means substantial downsizing, careful re-regulation, universal social protections, and an active, permanent employment-creation program. Therefore, the 2013 Minsky Conference will address both financial reform and poverty in the context of Minsky’s work on financial instability and his proposal for a public job guarantee. Panels will focus on the design of a new, more robust, and stable financial architecture; fiscal austerity and the sustainability of the US economic recovery; central bank independence and financial reform; the larger implications of the eurozone debt crisis for the global economic system; improving governance of the social safety net; the institutional shape of the future financial system; strategies for promoting poverty eradication and an inclusive economy; sustainable development and market transformation; time poverty and the gender pay gap; and policy and regulatory challenges for emerging-market economies.”>Building a Financial Structure for a More Stable and Equitable Economy – A conference organized by the Levy Economics Institute of Bard College with support from the Ford Foundation. April 17–19, 2013

  • “In 2008–09, the world experienced its worst financial and economic crisis since the Great Depression. Global employment and output collapsed, and an estimated 84 million people fell into extreme poverty. Given the fragility and uneven progress of the economic recovery, social conditions are expected to improve only slowly. Meanwhile, austerity measures in response to high government debt in some of the advanced economies are making the recovery even more uncertain. It’s time to put global finance back in its proper place as a tool to achieving sustainable development. This means substantial downsizing, careful re-regulation, universal social protections, and an active, permanent employment-creation program. Therefore, the 2013 Minsky Conference will address both financial reform and poverty in the context of Minsky’s work on financial instability and his proposal for a public job guarantee. Panels will focus on the design of a new, more robust, and stable financial architecture; fiscal austerity and the sustainability of the US economic recovery; central bank independence and financial reform; the larger implications of the eurozone debt crisis for the global economic system; improving governance of the social safety net; the institutional shape of the future financial system; strategies for promoting poverty eradication and an inclusive economy; sustainable development and market transformation; time poverty and the gender pay gap; and policy and regulatory challenges for emerging-market economies.”
  • Working Paper No. 743 Investment, Financial Markets, and Uncertainty, Author(s): Philip Arestis, Ana Rosa González, Óscar Dejuán, December 2012
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