The next financial crisis

Barry Eichengreen

Economia Politica: Journal of Analytical and Institutional Economics, 2015, vol. 32, issue 1, 53-66

Abstract: Since the global financial crisis of 2008–2009, much energy has been devoted to efforts to strengthen national and international financial systems. One way of gauging the adequacy and success of those efforts is to “stress test” them against scenarios of major shocks to national economies and international financial markets. I undertake this exercise in the present paper and conclude that recent efforts to strengthen the financial architecture have been only partially successful. The next crisis will not resemble the last crisis, but a next crisis there will inevitably be. Copyright Springer International Publishing Switzerland 2015

Keywords: Financial crisis; Supervision and regulation; Financial reform; F0 (search for similar items in EconPapers)
Date: 2015
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Chapter: The Next Financial Crisis (2006)
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DOI: 10.1007/s40888-015-0004-0

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