How to Improve the Financial Architecture and Its Resilience

22 Pages Posted: 21 Jun 2014  

Dirk Helbing

ETH Zürich - Department of Humanities, Social and Political Sciences (GESS)

Eve Mitleton-Kelly

London School of Economics & Political Science (LSE)

Jean-Philippe Bouchaud

Capital Fund Management

Fabio Caccioli

University College London - Financial Computing and Analytics Group, Department of Computer Science

J. Doyne Farmer

University of Oxford

Steve Keen

University of Western Sydney - School of Economics & Finance

Katharina Pistor

Columbia University School of Law

Dennis J. Snower

University of Kiel - Institute for World Economics (IfW); Institute for the Study of Labor (IZA); Centre for Economic Policy Research (CEPR); CESifo (Center for Economic Studies and Ifo Institute)

Olsen Richard

Independent

Angelo Ranaldo

University of St. Gallen; University of St. Gallen - School of Finance

Norbert Häring

Independent

Edward Fullbrook

University of the West of England (UWE)

Date Written: June 12, 2014

Abstract

This financial resilience survey was circulated on behalf of a working group of the Complexity Council of the World Economic Forum comprised of Prof. Eve Mitleton-Kelly of London School of Economics and Prof. Dirk Helbing at ETH Zurich's Risk Center. It was sent to a few dozens of financial experts with the aim to create an inventory of ideas of how the financial system might be improved and made more resilient. Unconventional ideas were also welcome.

Keywords: financial architecture, resilience, financial crisis, banking crisis, economic crisis, new economic thinking

Suggested Citation

Helbing, Dirk and Mitleton-Kelly, Eve and Bouchaud , Jean-Philippe and Caccioli, Fabio and Farmer, J. Doyne and Keen, Steve and Pistor, Katharina and Snower, Dennis J. and Richard, Olsen and Ranaldo, Angelo and Häring, Norbert and Fullbrook, Edward, How to Improve the Financial Architecture and Its Resilience (June 12, 2014). Available at SSRN: https://ssrn.com/abstract=2449874 or http://dx.doi.org/10.2139/ssrn.2449874

Dirk Helbing (Contact Author)

ETH Zürich - Department of Humanities, Social and Political Sciences (GESS) ( email )

ETH Zurich - Swiss Federal Institute of Technology
Clausiusstrasse 50
Zurich, 8092
Switzerland

HOME PAGE: http://www.coss.ethz.ch

Eve Mitleton-Kelly

London School of Economics & Political Science (LSE) ( email )

Houghton Street
London, WC2A 2AE
United Kingdom

Jean-Philippe Bouchaud

Capital Fund Management ( email )

23 rue de l'Université
Paris, 75007
France
+33 1 49 49 59 20 (Phone)

Fabio Caccioli

University College London - Financial Computing and Analytics Group, Department of Computer Science ( email )

Gower Street
London, WC1E 6BT
United Kingdom

J. Doyne Farmer

University of Oxford ( email )

Mansfield Road
Oxford, Oxfordshire OX1 4AU
United Kingdom

Steve Keen

University of Western Sydney - School of Economics & Finance ( email )

Sydney, NSW 1797
Australia
61 2 4620-3016 (Phone)
61 2 4620-3787 (Fax)

Katharina Pistor

Columbia University School of Law ( email )

435 West 116th Street
New York, NY 10025
United States
212-854-0068 (Phone)
212-854-7946 (Fax)

Dennis J. Snower

University of Kiel - Institute for World Economics (IfW) ( email )

Duesternbrooker Weg 120
D-24118 Kiel
Germany
+49+431-8814-235 (Phone)

Institute for the Study of Labor (IZA)

P.O. Box 7240
Bonn, D-53072
Germany

Centre for Economic Policy Research (CEPR)

77 Bastwick Street
London, EC1V 3PZ
United Kingdom

CESifo (Center for Economic Studies and Ifo Institute)

Poschinger Str. 5
Munich, DE-81679
Germany

Olsen Richard

Independent

No Address Available

Angelo Ranaldo

University of St. Gallen ( email )

Swiss Institute of Banking and Finance s/bf-HSG
Unterer Graben 21
St. Gallen, 9000
Switzerland
+41712247010 (Phone)

HOME PAGE: http://www.sbf.unisg.ch/Lehrstuehle/Lehrstuhl_Ranaldo/Homepage_Ranaldo.aspx

University of St. Gallen - School of Finance ( email )

Unterer Graben 21
St.Gallen, CH-9000
Switzerland

Norbert Häring

Independent ( email )

No Address Available

Edward Fullbrook

University of the West of England (UWE) ( email )

Coldharbour Lane
Bristol, BS16 1QY
United Kingdom

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