Economists are learning from the financial crisis, but investors should not relax. The gaps in the profession’s knowledge were well explained in the International Monetary Fund’s harsh assessment of its own intellectual shortcomings before 2007. The list is daunting: excessive trust in both financial markets and the new techniques of financial risk-spreading, an inadequate understanding of how finance influences the real economy, and an over-reliance on models “as the only valid tool to analyse economic circumstances that are too complex for modelling”.
manbetx20客户端下载 学家正在吸取金融危机的教训,但投资者不应该放松。国际货币基金组织(IMF)对自身2007年前知识缺陷所做的严厉评估,充分说明了专业知识的不足。评估中列举的问题令人生畏:过分信任金融市场和分散金融风险的新技术;对金融对实体manbetx20客户端下载 的影响了解不足;过度依赖模型,“把它作为分析manbetx20客户端下载 环境的唯一有效工具,而manbetx20客户端下载 环境有时过于复杂,无法建立模型”。