The recent global financial crisis has caused massive upheavals
worldwide. The papers in this volume analyze whether financial
principles seem to have shifted in recent years, and what that may
mean for international financial markets and regulation. What
"broke" in the current crisis? Is there no "playbook" on how to
respond to systemic crises? What is the optimal role of the state
in dealing with crises? How should asset bubbles be addressed in
the future? Do we need a major overhaul of governance in the
industry? What means exist to address systemic crises? What reforms
are needed? These and related issues are discussed by an impressive
list of well-known scholars, policymakers and practitioners, with
an emphasis on the implications for public policy.
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