Tag Archives: financial crises

Pandemic shows central banks may be better off working together

MU study provides evidence suggesting that countries using similar economic policies during an economic crisis is best for the global economy.

A new University of Missouri Trulaske College of Business study suggests that when different countries make similar economic decisions during financial crises, the global economy improves much more quickly than if they act in their own self-interest. (more…)

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Ross Levine: Finance and Baseball

In Guardians of Finance, economists Ross Levine, James R. Barth, and Gerard Caprio Jr. argue that the financial meltdown of 2007 to 2009 was no accident — it was negligent homicide. Levine speaks with Deb Baum about how that happened, what can be done, and why the home team always seems to win.

A new book co-authored by Brown University economist Ross Levine argues that the reason the United States suffers financial crises time and time again is because the major regulatory agencies — the so-called “guardians of finance” — do not work for the public. Instead, they frequently work in the best interests of the financial services industry, the very entities they are supposed to be regulating. Guardians of Finance: Making Regulators Work for Us, published in February by MIT Press, goes beyond telling us what went wrong. The authors also suggest reforms needed to prevent the next crisis. (more…)

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