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S5 Ep13: Director’s Cut: How to reform and fortify the global financial system
S5 Ep13: Director’s Cut: How to reform and fortify the global financial system
ratings:
Length:
30 minutes
Released:
Oct 23, 2018
Format:
Podcast episode
Description
**Bruegel director Guntram Wolff is joined by Tharman Shanmugaratnam, deputy prime minister of Singapore and chair of the G20 Eminent Persons Group, and Jean Pisani-Ferry, mercator senior fellow at Bruegel, for a conversation about the growth and stability challenges facing the global financial system, and how the system can be better equipped to deal with the significant and novel problems of the future.**
In this Director’s Cut of ‘The Sound of Economics’ Guntram Wolff is joined by Bruegel’s mercator senior fellow Jean Pisani-Ferry, and by Tharman Shanmugaratnam, deputy prime minister of Singapore and chair of the G20 Eminent Persons Group.
[A report from the Eminent Persons Group](https://www.globalfinancialgovernance.org/) looks into how the global financial system can adapt to meet the sizeable challenges the future will pose, with particular reference to growth and financial stability.
Small episodes of growth scarcity accumulate to make for a significant reduction worldwide, and the current model is not going to achieve the necessary uptick in growth in the next decade. Meanwhile, financial stability remains elusive, despite the positive changes made – particularly in the banking sector – since the most recent crisis.
But the report from the G20 Eminent Persons Group is not without hope, and in fact sees a practical way forward by which the gaps in the current system can be plugged before new foundations are laid for the future.
For further reading, we recommend Jean Pisani-Ferry’s Bruegel Policy Contribution on the question of [whether we should give up on global governance](http://bruegel.org/2018/10/should-we-give-up-on-global-governance/) in such turbulent times.
In this Director’s Cut of ‘The Sound of Economics’ Guntram Wolff is joined by Bruegel’s mercator senior fellow Jean Pisani-Ferry, and by Tharman Shanmugaratnam, deputy prime minister of Singapore and chair of the G20 Eminent Persons Group.
[A report from the Eminent Persons Group](https://www.globalfinancialgovernance.org/) looks into how the global financial system can adapt to meet the sizeable challenges the future will pose, with particular reference to growth and financial stability.
Small episodes of growth scarcity accumulate to make for a significant reduction worldwide, and the current model is not going to achieve the necessary uptick in growth in the next decade. Meanwhile, financial stability remains elusive, despite the positive changes made – particularly in the banking sector – since the most recent crisis.
But the report from the G20 Eminent Persons Group is not without hope, and in fact sees a practical way forward by which the gaps in the current system can be plugged before new foundations are laid for the future.
For further reading, we recommend Jean Pisani-Ferry’s Bruegel Policy Contribution on the question of [whether we should give up on global governance](http://bruegel.org/2018/10/should-we-give-up-on-global-governance/) in such turbulent times.
Released:
Oct 23, 2018
Format:
Podcast episode
Titles in the series (100)
European Fiscal Rules: The sound of economics is a series of podcasts about economic policy, brought to you by Bruegel. Each episode will look at a key economic policy debate, discuss why it is important and explore some of the work that Bruegel's researchers have done in t... by The Sound of Economics