April 18, 2024

What’s going to occur to the world financial system?

Martin Wolf

What’s going to occur to the world financial system? We are going to by no means know the reply to this query. In a single decade after one other, one thing large and largely sudden has occurred: the good inflation and oil shocks within the Seventies, the disinflation of the early Eighties, the autumn of the Soviet Union and the rise of China within the Nineties, the monetary crises within the high-income economies within the 2000s and the pandemic, post-pandemic inflation and wars in Ukraine…