#Finance Complex Adaptive System
Get flash to fully experience Pearltrees
Beyond the GFC Established machinery for international collaboration (eg G7, EU) made various attempts to promote a coordinated response to the GFC which would not only deal with the crisis but address its systemic causes. A forum of European and Asian leaders agreed in October 2008 on the need for such action, and arrangements were made for an international meeting in the US in November following the 2008 presidential election to find a way forward. US Leadership ? Much was apparently expected of the renewal of US leadership within global institutions under a new president in developing solutions to the financial and rapidly-escalating economic crises.
The Second Failure of Globalization?
Global banking rules aim to balance safety, growth - Hurriyet Daily News and Economic Review
Banks will have to significantly increase their capital reserves under rules endorsed Sunday by the world's major central banks, which are trying to prevent another financial collapse without impeding the fragile economic recovery.
Eco-economics - Could Biology explain the recession?
What do you call a financier in search of the iron laws of human behaviour? Answer: someone with a bad case of "physics envy". That is the peculiar psychological disorder diagnosed by Andrew Lo, a professor of financial engineering, as afflicting bankers and economists. Symptoms include a desperate search for the predictive certainty that comes from the hard sciences. At least since the 18th century, economists have been borrowing from physics, redeploying everything from thermodynamics and the "conservation of energy" principle to the understanding of macroeconomics and the generation of fancy derivatives.