Andy Haldane: The Global Market and Nation States (1/7)

The video discusses the complexities of the global economy, focusing on the financial crisis and its implications. It explores the historical context of Bretton Woods, the metaphor of economic dentistry, and the challenges of capital flows. The 'big fish small pond' problem in international finance is introduced, with an analysis of the global financial network and portfolio allocations. Future projections and policy responses are considered, highlighting the need for careful management of international capital flows.

What are the implications of the capital flows from advanced economies to emerging markets?

What measures have been taken by emerging markets in response to capital surges?

What is the significance of the network of external assets and liabilities among countries?

What potential future trends are suggested regarding capital flows and home bias?