Preventing the Next Financial Crisis

Information about Western Hemisphere Hemisferio Occidental
Preventing the Next Financial Crisis
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Series:
Economic Issues
Author(s):
Erlend Nier, and Gregg Forte
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
April 2016
DOI:
http://dx.doi.org/10.5089/9781513502137.051
ISBN:
9781513502137
ISSN:
1020-5098
Page:
42
The financial crisis that began in 2007 brought much of the global economy to its knees and nearly triggered another Great Depression. The financial storm gradually died down in 2009, at least in the United States, but even six years after that, much of the world had yet to fully recover from the enormous economic damage caused by the crisis.This essay describes what happened and outlines a new approach to financial regulation (macroprudential policy) that aims to prevent such crises from happening again.
Chapter

How Uncontrolled Risk Created the Global Financial Crisis

Author(s):
Erlend Nier, and Gregg Forte
Published Date:
April 2016
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