Recent events have demonstrated that the financial market structure that has evolved over the past twenty years is a powder keg – the detonating device was the bursting of the 2004 to 2007 credit bubble. In considering where we go from here, two separate issues need to be addressed: how to deal with financial bubbles and the design of a new financial market regulatory structure.
The financial meltdown is an academic crisis too
Richard Dale, 27 November 2008
Topics: Financial markets
Tags: 1929 crash, credit bubble, finance research, financial crisis
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