Global finance - “outdated, dysfunctional and unfair”

Almost 80 years since its inception, the global financial system is showing its age and signs of falling into terminal decline. So how can this keystone institution be rejuvenated at a time when its stability has never been more crucial, asks Hartley Milner.THE FINANCIAL SYSTEM has historically exhibited remarkable powers of recovery from the impacts of traumatic world events. Today, though, its resilience is being challenged by unprecedented waves of volatility and found woefully wanting.Econom