Now that you’ve read “.voxeu.org/index.php?q=node/7208″>On the tradeoff between growth and stability: The role of financial markets,” it’s time to take a stand on Popov and Smets’ argument. Do you...

Now that you’ve read “.voxeu.org/index.php?q=node/7208″>On the tradeoff between growth and stability: The role of financial markets,” it’s time to take a stand on Popov and Smets’ argument. Do you agree that “there is a tradeoff between growth and risk and that vibrant financial markets may tend to exacerbate this tradeoff”?In a short paper, examine their support for this argument and explain why you do or do not think their position is valid. Find and cite external sources to support your thesis.