Global Humanist Shoptalk

Speculative Finance


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In this second miniseries of Season 2, "Global Finance", we're wrestling with the strangeness of living in a world that aspires to a level of global integration that our current systems can't support - and maybe don't want to. We looked at the fragility of money transfers for average citizens, the fraught history of the IMF, and the easily abused systems of microfinancing and cryptocurrency (along with the reasons we're itching for something new). In this series closer, there are no easy solutions - some promises in tech, some challenges through arbitration - but maybe it's enough just to sit with the enormity of the problem. Once we stop buying into quick fixes, we'll finally be ready to look at root causes.

REFERENCES

Adrian, Tobias. "Tobias Adrian on the Future of Finance", Fintech Forward, IMF Podcasts. 2022. https://www.imf.org/en/News/Podcasts/All-Podcasts/2022/06/08/mcm-fintech-forward-tobias-adrian

Doran, Michael and James Tanner. “Critical challenges facing the green bond market”. Baker McKenzie, in partnership with the International Financial Law Review. 2019. https://www.bakermckenzie.com/-/media/files/insight/publications/2019/09/iflr--green-bonds-%28002%29.pdf

Jefriando, Maikel and Daniel Leussink, "In Indonesia, long-term foreign bond investors keep the faith--for now", Reuters. 2018. https://www.reuters.com/article/indonesia-economy-risks-idINKCN1LU10Y

OECD Codes of Liberalisation: User’s Guide", OECD. 2019. www.oecd.org/investment/codes.htm

Wahidin, Deni et al. “The impact of bond market development on economic growth before and after the global financial crisis: Evidence from developed and developing countries”, International Review of Financial Analysis (Vol 77). October 2021. https://www.sciencedirect.com/science/article/abs/pii/S1057521921001952

Referenced subsection:

A full side essay exists on Better Worlds Theory, "What We Take for Granted about Global Finance", which includes a touch more explanation about the role of long-term bonds in foreign investments, along with recommendations for staying apprised of global discourse about next steps in all these difficult sub-fields. https://open.substack.com/pub/mlclark/p/what-we-take-for-granted-about-global

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Global Humanist ShoptalkBy M L Clark