The Debt Problem Is Enormous, and the System for Fixing It Is Broken
Economists offer alternatives to financial safeguards created when the U.S. was the pre-eminent superpower and climate change wasn’t on the agenda.
Source: nytimes.com
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A Made-in-China Financial Crisis? by Paola Subacchi
Since the 2008 global financial crisis, the Chinese financial system has grown to become systemically important. Yet it is not clear that the international financial safety net has the resources to protect the world from the associated risks.
Source: project-syndicate.org