Macro Markets

This treatise outlines the author's proposals for the establishment of new markets for the management of risk by governments. He argues for an extension to the existing partial system operated by markets in trading economic indexes.

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This treatise outlines the author's set of proposals for the establishment of new markets for the management of risk by governments. He argues for an extension to the existing partial system operated by markets in trading economic indices. The book introduces new areas of research and discussion in the field of financial economics, and is part of the series "Clarendon Lectures in Economics".