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About A Decade After The Global Financial Crisis Lessons and Policy For International Stability
The document summarizes lessons learned from the global financial crisis of 2007-2009 and policy responses. It discusses how the crisis originated from the bursting of the US housing bubble and spread globally through complex financial instruments. New databases were created after the crisis to improve analysis of such events. Central banks adopted unconventional monetary policies in response. Areas for further reform include increasing transparency of financial products, standardizing regulations and crisis responses, and reducing reliance on credit ratings agencies. Overall, the global financial system has become more stable but still faces challenges.
Detailed Information
| Author: | ['Sanjeevan Sivapaleswararajah'] |
|---|---|
| Publication Year: | 2020 |
| Pages: | 8 |
| Language: | English |
| Format: | |
| Price: | FREE |
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