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But I also think that to an unappreciated extent, these frameworks and analyses are pieces of a puzzle that has not been put together.If it is the case that on the Friday before the Lehman collapse it was technically feasible to address banking instability, thereby preventing financial crisis and navigating the economy through just a shallow recession, well, that's a pretty huge deal.
It is clear that each of these three concerns — deficits, banking instability and low growth — is interwoven with the other in a way that makes policies designed to focus on only one issue much less effective than a comprehensive strategy aimed at simultaneously resolving all three.
London relies heavily on international finance and banking instability would strike a fresh blow to an economy already in recession.
Persistent trade deficits result not only in domestic manufacturing job losses, but an overly financialized economy prone to banking instability.
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The first is "The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse" by Mohamed A. El-Erian, chief economic adviser at Allianz and chairman of President Obama's Global Development Council.
"What you don't want is innovation policy to be the trigger for the next bank instability moment, which we see as a very big risk if it isn't done correctly," Martin said.
Yet, as I explain in my new book The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse, growing internal tensions and contradictions, together with over-reliance on monetary policy, are destabilising that equilibrium.
Word of the plan unnerved markets across Europe, raised fears of bank instability in Spain and Italy and sent pensioners into the streets of the island's capital, Nicosia, in protest.
Research has suggested that streambank seepage can be an important mechanism of bank instability; however, limited information is available on the level of soil characterization necessary to accurately predict seepage gradient forces and erosion.
Furthermore, burrowing was associated with bank profiles that were either actively eroding or exposed to fluvial action and/or mass failure processes, providing the first quantitative evidence that invasive crayfish may cause or accelerate river bank instability and erosion in invaded catchments beyond the scale of individual burrows.
Stream bank instability and siltation are common, and landslides deter urban development at higher elevations.
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