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Global imbalances in retrospect and prospect by Andrew G. Haldane, at the Global Financial Forum, Chatham House Conference on “The New Global Economic Order”. At their high-water mark in 2006, imbalances of the G7 economies totalled around 5% of…

Andrew Haldane (Bank of England) wrote this article which shows that the financial crisis of the past 18 months and that preventive measures do not prevent it occurring again, but can help make a better risk management.