Managing International Financial Instability by Fabrizio Saccomanni

Teacher

Managing International Financial Instability by Fabrizio Saccomanni

About Course

Managing International Financial Instability by Fabrizio Saccomanni

Recurrent instability has characterized the global financial system since the 1980s. Also This instability and the resultant disruptions – to financial and foreign exchange markets, causing bankruptcies and sovereign debt defaults – are linked, in this book, to shortcomings of the global financial system which tend to generate cycles of boom and bust in credit flows. Also

These cycles are set in motion by the monetary impulses of major industrial countries and are amplified and propagated through the operation of global financial markets. Fabrizio Saccomanni argues that to counter such systemic instability requires that national authorities give adequate weight to financial stability objectives when formulating their monetary and regulatory policies. Also

He maintains that appropriate multilateral strategies to deal with unsustainable trends in credit aggregates and asset prices should be devised in the institutions of international monetary and financial cooperation. Also

About Arthor

Fabrizio Saccomanni (22 November 1942 – 8 August 2019) was an Italian economist, civil servant and the former deputy governor of the Bank of Italy. He served as Italy’s minister of economy and finances between April 2013 and February 2014. Also From 13 April 2018 until his death, Saccomanni was the chairman of UniCredit. Also