The Influence of Uncertainty in a Changing Financial Environment

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Focusing on the impact of uncertainty on financial decisions, this book explores how perceptions of risk influenced financial markets leading up to and following the Great Recession. It highlights the significant growth and structural changes in the financial sector that heightened economic vulnerability. The author critiques traditional economic models for their inadequacy in addressing these changes and emphasizes the need for a global perspective on economic events. The book concludes with policy recommendations aimed at enhancing market resilience and reducing risk-taking incentives.