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Karl Schmedders

Karl Schmedders

Karl Schmedders is Professor of Finance at the Institute for Management Development in Lausanne, Switzerland.

The NFT boom rests on shifting sands, with no real, secure ownership of the underlying asset, and value tied to highly volatile cryptocurrencies. As global monetary policy tightens and investors shy away from riskier assets, NFT buyers should beware.

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Unlike the 2008 global financial crisis – when banks were bailed out and global financial regulation overhauled – unmitigated climate change will lead to a crisis with irreversible outcomes. Climate-related financial regulation is urgently needed.

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