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How to rebuild trust
(2010)VOX CEPR's Policy PortalFor all its mathematical models, finance is not physics. In fact, it runs pretty much on faith (Carlin et al. 2009), and can give rise to highly emotional reactions. This was much in evidence during the latest financial crisis. Trust, another name for faith, was shattered among financial actors when Lehman Brothers collapsed, causing a widespread clampdown on lending and prompting investors to rush for the exit, trying to get rid of their ...Other Publication