The global problem of making economic life sustainable goes beyond technological changes. It implies a change of technology as well as culture, consumption, organization, and economic theory. The key message of this webinar is that if we want to avoid outright de-growth, we have to embrace qualitative growth. Currently, economic theory tries to model the evolution of the quantity of output. In doing so, it does not take into account qualitative changes. The key theoretical challenge is to develop an economic theory that includes qualitative changes.
Qualitative changes will have a significant impact on economies and finance. Many firms will disappear while new ones will be created . While returns will not change much, other aspects of finance related to the circuit of money and credit as well as the management of risk will be profoundly affected. In this webinar, three experts from the worlds of academia, finance, and investment will discuss how moving to qualitative growth will significantly affect monetary policies, will impact the stock valuation process and will open a totally new perspective for risk management and for mitigating systemic risk.
17:30 Welcome by CFA Society Italy
Matteo Riccardi, CFA, CIPM, CAIA, FDP, FRM, Vice President, CFA Society Italy
17:35 Opening Remarks
Andrea Terzi, Director, M.A. in Political Economy of Money and Development, Franklin University Switzerland
17:45 Panel discussion:
Sara Silano, Editorial Manager, Morningstar Italy (Moderator)
Sergio Focardi, Professor of Finance, Finance Group, ESILV EMLV
Joachim Klement, Strategist, Liberum Capital
Luca Tobagi, CFA, Investment Strategist, Product Director , Invesco
18:45 Q&A Session
This webinar qualifies for up to 1 PL credit. CFA Society Switzerland members can record PL credit for their participation using the online tracking tool (CFA Institute login required).