« India's Approach to the Internet | Main | Fertility and Modernity in the Anderson Review »



Feed You can follow this conversation by subscribing to the comment feed for this post.

Professor, thanks for sharing this article. Certainly, a fascinating review of the 2008 financial crisis. I too side and hope with you that such a crisis should never occur again but if could view this from a purely technical lens, I'm afraid Bernanke's original warning:

"2008 should serve as a warning of the scale and speed with which global financial crises can unfold in the twenty-first century."

doesn't appear to have been paid sufficient/due attention in terms of institutional adjustments or reforms, systemic complexity (with the use HFT, etc) is still very high, market risks are magnified from market interlinks, global movement of capital and rising geopolitical tensions, global coordination is still tepid and in the US, many useful regulations (Ex: Dodd Frank bill) while not perfect (high regulatory burden) to begin with have been rolled back in a way that allow risky loopholes.

In the light of this, Tooze's conclusions hold much water.

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Your comment could not be posted. Error type:
Your comment has been saved. Comments are moderated and will not appear until approved by the author. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.


Post a comment

Comments are moderated, and will not appear until the author has approved them.

Your Information

(Name and email address are required. Email address will not be displayed with the comment.)