Learning from crises

Usha Thorat

Macroeconomics and Finance in Emerging Market Economies, 2010, vol. 3, issue 2, 299-307

Abstract: Instead of learning from crises the same mistakes seem to get repeated. Therefore recollecting and extracting lessons from crises is essential. Key potential lessons are in anticipation, pre-emptive action, crisis management, and prevention. The paper details the internal and external shocks that hit India's financial system in the post-reform period and the regulatory lessons that were learnt and implemented as a consequence.

Keywords: crises; global financial markets; macroeconomic (search for similar items in EconPapers)
Date: 2010
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DOI: 10.1080/17520843.2010.498120

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