|
|
|
|
Promoting Financial Resilience
By William J. McDonough
Introduction
Despite the fact that periodic surges in volatility are a fact of life in financial markets, I think there is general acknowledgment that recent years have been extraordinary in this regard. This has been a period of historic change and remarkable volatility in markets, going well beyond the emerging markets, and carrying with it important implications for political, social, and institutional stability in significant segments of the globe.
Full Text (PDF, 11 pages, 52 KB)