The global crisis: Have we learned the right lessons?

György Surányi

No 7, CASE Network E-briefs from CASE-Center for Social and Economic Research

Abstract: The global crisis, which was the worst economic and financial downturn since the Great Depression, revealed the fundamental deficiencies in the global financial system and drastically changed the way we view the world and the global financial system. The crisis challenged long-standing views and ideas, and in response, after the most acute phase of the crisis, joint global efforts were launched to put the system on firm footing again and prevent the next crisis. These efforts can only be successful if we fully understand the root causes of the crisis and learn the right lessons from it. In his E-brief Dr. György Surányi focuses on four topics: regulation, external position, monetary policy and the European debt crisis.

Keywords: Financial sector; Europe; debt crisis; regulation; monetary policy (search for similar items in EconPapers)
Pages: 5 Pages
Date: 2012-03
New Economics Papers: this item is included in nep-cwa, nep-hpe and nep-reg
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Persistent link: https://EconPapers.repec.org/RePEc:sec:ebrief:1207

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