Abstract
This paper examines four sets of proposals for a new financial infrastructure in the wake of the global financial crisis. It is argued that two concerns should inform us about the way forward. First, uncertainty cannot be ignored because money relies on trust. Second, we live in an increasingly impersonal world with many diverse peoples now involved in the global financial industry. Each proposal is assessed in terms of sociological worries about the decline of trust.
Original language | English |
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Pages (from-to) | 106-116 |
Number of pages | 11 |
Journal | Asian-Pacific Economic Literature |
Volume | 23 |
Issue number | 1 |
DOIs | |
Publication status | Published - 2009 |
Externally published | Yes |