Fixing global finance: unfinished business

• Main Author: Grenville, Stephen
• Other Authors: S. Rajaratnam School of International Studies
• Format: Working Paper
• Language: English
• Published: 2016
• Subjects: DRNTU::Social sciences::Political science
• Online Access: https://hdl.handle.net/10356/82408; http://hdl.handle.net/10220/40001
• Institution: Nanyang Technological University

The 2008 financial crisis was hugely damaging. The focus of reform has been on increasing banks‘ required capital. Together with the other measures taken, this makes a repetition of 2008 less likely. However, the crisis also taught us that financial markets do not work as well as we thought. Fina...