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We identify current challenges for creating stable, yet efficient financial systems using lessons from recent and past crises. Reforms need to start from three

The 2008 crash was the worst financial crisis and the most severe economic downturn since the Great Depression. It triggered a complete overhaul of the global r

As economic advisor to the Bank of England for many years, C. A. E. Goodhart is uniquely positioned to assess the role of the central bank in the modern financi

This book addresses the causes and consequences of the international financial crisis of 2008. A range of esteemed contributors explore developments in the Unit

The EU and the US responded to the global financial crisis by changing the rules for the functioning of financial services and markets and by establishing new o