Abstract
While the energy risk may seem a recent development, reflecting exceptional geological and geopolitical conditions, monetary and financial risk has been at the center of scenarios for economic crisis in the capitalist world at least since the South Sea Bubble.
“Ah take the cash and let the credit go.”
-Gmar Khayyam
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Notes
Alexander Lamfalussy, “The Outlook for the World Financial System: A View from the OECD Countries,” The Atlantic Institute for International Affairs, October 22–24, 1981
Benjamin J. Cohen, “Three Challenges for Better International Monetary Management,” in Economic Interests in the 1980s, The Atlantic Institute for International Affairs, 1982
Helmut Meyer, “Credit and Liquidity Creation in the International Banking Sector,” Monetary and Economic Department, BIS (Basle, 1981).
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© 1982 Institut Français des Relations Internationales
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Bressand, A. (1982). The new equations of monetary and financial insecurity. In: The State of the World Economy. Palgrave, London. https://doi.org/10.1007/978-1-349-06692-6_4
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DOI: https://doi.org/10.1007/978-1-349-06692-6_4
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