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Of Prancing Horses and Bolted Stable Doors

Of Prancing Horses and Bolted Stable Doors. “The Chaplain’s Interesting Questions 2008/9” No 1 Sidney Sussex College 17th October 2008. Mr. Massimo M Beber Fellow in Economics. Sidney Sussex College Cambridge CB2 3HU http://people.pwf.cam.ac.uk/mb65/. INTERNATIONAL ECONOMIC SECURITY

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Of Prancing Horses and Bolted Stable Doors

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  1. Of Prancing Horsesand Bolted Stable Doors “The Chaplain’s Interesting Questions 2008/9” No 1 Sidney Sussex College 17th October 2008

  2. Mr. Massimo M Beber Fellow in Economics Sidney Sussex College Cambridge CB2 3HU http://people.pwf.cam.ac.uk/mb65/ INTERNATIONAL ECONOMIC SECURITY Redland/ MBA - Cambridge INSTEP Programme 2010 http://people.pwf.cam.ac.uk/mb65/redland The Pitt Building,: Tue 3rdMay 2011

  3. EVOLUTIONARY LIBERALISM: FROM POWER TO PLENTY? Lt. Gen. Mikhail Kalashnikov with vodka (20th September 2004)

  4. “Greed is good”

  5. Prudential Ratios in Banking

  6. “You stupid boy!”

  7. Efficient Markets Finance “oils the wheels” of the market It speeds up income convergence at lower cost in current consumption Rational expectations ensure stability Competition empowers rational expectations Financial Instability Expectations intrinsically volatile Volatility creates real economic damage This damage can be long-lasting (hysteresis) Prudential regulation must be strict Two Hypotheses on finance

  8. EUROPEAN FINANCIAL REGULATION: BETWEEN EMH AND FIH Source: Committee of European Banking Supervisors Annual Report 2004.

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