Bundesbank’s Braasch calls for creation of a ‘new financial architecture’

Bernd Braasch

Policy-makers need to move away from current knee-jerk efforts to improve the global financial system, and instead develop a new financial architecture that includes clear roles for market forces and the state, according to Deutsche Bundesbank financial stability department director Bernd Braasch. This will include establishing the boundaries between market economics and government, as well as establishing how national and regional entities can effectively oversee global markets.

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