A new financial infrastructure to recover the loss of trust?

Jocelyn Pixley*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

5 Citations (Scopus)

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 languageEnglish
Pages (from-to)106-116
Number of pages11
JournalAsian-Pacific Economic Literature
Volume23
Issue number1
DOIs
Publication statusPublished - 2009
Externally publishedYes

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