Haldane laments poor grasp of international monetary system
Global finance requires global understanding, chief economist says
Andrew Haldane, the Bank of England's chief economist, said yesterday that regulators have to date paid too little heed to the international monetary system as a whole.
Delivering the Maxwell Fry Annual Global Finance Lecture at Birmingham University, Haldane said this neglect of the systemic perspective had led the international monetary system to "outgrow" the existing architecture. Most current efforts at banking reform, he said, took too narrow a focus, aiming to shore up banks without
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