Jump to ContentJump to Main Navigation
FutureproofHow to Build Resilience in an Uncertain World$
Users without a subscription are not able to see the full content.

Jon Coaffee

Print publication date: 2019

Print ISBN-13: 9780300228670

Published to Yale Scholarship Online: May 2020

DOI: 10.12987/yale/9780300228670.001.0001

Show Summary Details
Page of

PRINTED FROM YALE SCHOLARSHIP ONLINE (www.yale.universitypressscholarship.com). (c) Copyright Yale University Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in YSO for personal use.date: 17 May 2022

Stress-testing Economic Resilience

Stress-testing Economic Resilience

(p.144) 6 Stress-testing Economic Resilience

Jon Coaffee

Yale University Press

This chapter illuminates how the practices underpinning economic and financial resilience have progressed since the early 2000s crash. It draws on a series of vignettes from private- and public-sector organisations. From there, the chapter charts a journey from a conservative approach, which sought continuity and promoted ‘business as usual’ following the crisis, to a situation where complexity is increasingly embraced to cope with an unknown future. Here, while the fundamental aim of incorporating complexity is to be better able to predict the future in order to generate stable conditions in which to better manage risk, there is also a sense that things have changed and that we can never return to the headless days of the early 2000s. The journey of economic resilience reflects the broader evolution of resilience as a universally applied idea.

Keywords:   economic resilience, financial resilience, financial crisis, complexity, public-sector organisations, private-sector organisations

Yale Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us.