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FATHOMING THE SECTORAL DRIVERS OF SAWTOOTH WAVES
The perils of financial innovations and need for equitable systemic policies
Apart from looking at the macropicture, it is necessary to examine the delicate triggers of saw waves at the mesolevel. Sharp-toothed saw wave leaders cut through the apparent chaos and zoom in on more granular analytical plains, such as particular sectors and subsectors. The global economic crisis shows how tsunamis in social systems can result from minor causes, such as fraudulent new lending practices in the finance industry. Sawtooth policy-makers should use the “3-R” framework of retribution, regulation, and reengineering, implementing well-targeted measures against the generators of giant waves at source. Stabilizing ...
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