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Patience and finance

Patience and finance

Source: Andrew Haldane, Bank of England

Andrew Haldane, the Bank of England's executive director of financial stability considers the role played by impatient markets and short-termism on market volatility.

In a paper delivered to the Oxford China Business Forum in Beijing, Haldane brings together lessons from economics, history, psychology, neurology, and sociology to assess patience and its implications for the evolution of economic and financial systems.

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