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- W2230066743 abstract "As I was thinking about what to say at this high level policy panel, against the background of the financial crisis we are experiencing, I kept feeling that there was a need for finance to go back to basics, or at least for everybody to be reminded of them. I recalled something that I wrote in August 2006, in which I said: “Finance is not a mysterious or esoteric subject, but it often misunderstood. As prices of financial instruments go sharply up and down, and the opportunity for profit multiplied through leverage and the use of derivative products, mesmerises all concerned and provides employment and income for many, the basic purpose of finance is often ignored or even forgotten. There is then a risk of finance taking on a life of its own, behaving in a manner inconsistent with the public interest. It is necessary from time to time for all concerned in finance to be reminded of the basic purpose of their existence.”" @default.
- W2230066743 created "2016-06-24" @default.
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- W2230066743 date "2010-01-01" @default.
- W2230066743 modified "2023-09-26" @default.
- W2230066743 title "High-level policy panel on the development of financial markets" @default.
- W2230066743 hasPublicationYear "2010" @default.
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