Financial crisis: what did we learn?

From the beginning of the 20th century, the world economy has been shaken by a series of global financial crises, the frequency of which appeared to be accelerating during the recent period.  How can we explain the occurrence of these boom-bust cycles and the shortening of their frequency? What factors are common to the development of these crises, and what factors are idiosyncratic to each? Can future crises be avoided by drawing lessons from the past? What are the most pressing tasks on the policy agenda? By Anh-Nga Tran-Nguyen;(Read the complete article)
090108-AT-finacialcrisis.PDF39.01 KB

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