What Broke? The Root Causes of the Crisis

Edwin Truman

Chapter 9 in The International Financial Crisis:Have the Rules of Finance Changed?, 2011, pp 117-123 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractIt is a pleasure to participate once again in an International Banking Conference at the Federal Reserve Bank of Chicago.Charles Calomiris wrote in his chapter, “It is … important, in the interest of shaping desirable reform, to get our story straight about what happened to cause the recent crisis” (see p. 74 of this book). I agree, and would add that doing so is equally important with respect to other lessons that should affect policies but might not necessarily rise to the level of reforms requiring Congressional action (for example, monetary policy)…

Keywords: Financial Crisis; Financial Regulation; International Banking; Financial Regulatory Reform (search for similar items in EconPapers)
Date: 2011
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