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In a paper given at “The Credit Crisis Five Years On: Unpacking the Crisis” conference held at the University of Edinburgh Business School, Andrew Haldane argues that economic and financial systems are prone to tail events, as demonstrated during the financial crisis, that are not captured by traditional macro-economic and risk-pricing models.
Published on
08 June 2012
Andy Haldane draws a number of important lessons for economic and financial policymakers. The paper is co-written with a Bank colleague, Benjamin Nelson.
Press release