J. Kregel and M. Tonveronachi’s FESSUD working paper entitled ” Fundamental Principles of financial regulation and supervision” is quoted in the United Nations’ “Trade and Development Report (TDR) 2015: Making the international financial architecture work for development“.
This report reviews recent trends in the global economy and focuses on ways to reform the international financial architecture. It warns that with a tepid recovery in developed countries and headwinds in many developing and transition economies, the global crisis is not over, and the risk of a prolonged stagnation persists. The main constraint is insufficient global demand, combined with financial fragility and instability, and growing inequality.
