1. outer dynamics Robin Matthews Professor of International Business
Kingston University Business School London
JM Keynes Professor of Management
RANEPA Moscow
Further papers by robin Matthews can be found at
Also and
robindcmatthews

2. Global situation Postwar recovery 1945 – 70 Stagflation 1970 -1980
Keynesian policies
Stagflation
Monetarism and supply side economics 1980 – 2007

3. Meta Model
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4. GLOBAL POSITIVE FEEDBACKS
Securitization
GLOBAL POSITIVE FEEDBACKS
1980 – 2006
(circa)

5. 17/05/2018

6. (0) P grammar OD ID PAYOFFS (P) INNER (ID) DYNAMICS
ATTRACTOR
grammar
PAYOFFS (P) P P
(0)
OODOO I OD ID
INNER (ID)
DYNAMICS
OUTER (OD) DYNAMICS
17/05/2018

7. robindcmatthews

8. Haldane (2009)
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9. Haldane (2009)
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10. Haldane (2009)
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11. The Crisis 2007 – 20012 The financial tower of Babel
Project Management October 2014 part 3
The Crisis 2007 – The financial tower of Babel
risis
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13. The financial tower of Babel: 21ST century
CDO’s
CDC’s
CDW’S
SWF’S
SPV’’s
SPE’s
CONDUITS
IPO’s
PRIVATE EQUITY FUNDS
HEDGE FUNDS
DERIVATIVES/OPTIONS
SHADOW BANKING SYSTEM
REGULATED BANKING SYSTEM
CORPORATE BONDS
GOVERNMENT BONDS
LIQUID ASSETS
CASH
unregulated
regulated

14. Causes of crises Low interest rates Savings glut Financial innovation
Moral hazard
None of the above
All of the above
Samudaya (the second noble truth: thirst)

15. Causes of the crisis? Greed Low interest rates Savings glut
Financial innovation
Moral hazard
Greed

16. Source rge monitor
Exposure to Greek debt
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17. Long term bond yields july 2011 Source rge monitor
robindcmatthews
Long term bond yields july 2011
Source rge monitor