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Symposium 2015

The Financial System and Public Value

The Challenge

Well-functioning financial markets can induce innovation and economic growth. Especially in emerging economies there is still room for beneficial financial deepening. But numerous financial crises have exposed that financial markets which are characterized by inadequate regulation and distorted incentives are harmful for society.

This session discusses how we can build a financial system that is more valuable for society at large. In particular, it shall identify the key factors for a financial system that is not only more resilient against future crisis, but also more oriented towards the needs of the real economy and the overall well-being of people around the world.

This session is organized by Martin Plödt and Matthias Raddant, Kiel Institute for the World Economy.