The Architecture of Global Finance: Scenarios for the New Century Summary

... accepted approaches to technical and fundamental analysis, or on more exotic concepts, from Elliott Wave Theory to Kondratieff’s long waves . Although the latter method was laid to rest back in the late 1980s, it remains uncharted territory for many Russian commentators. Meanwhile, much more valuable for long-term forecasting is not market-oriented but rather draws on the global financial system’s structure, i.e. basic elements of the global financial architecture that will define the direction and quantitative parameters of financial flows’ future dynamics. Scenario-based forecasting in this area resembles a prediction ...