Comments on the paper presented by Stephen S. Roach, “The post-crisis fix: regulatory or monetary policy remedies?”

Comments on Stephen Roach’s  paper in Session III, First International Research Conference organised by the Reserve Bank of India, during February 12, 13 2010 –  Mumbai

The global economy  is in a big mess and, even though the analytical models do not show it, it is becoming increasingly accepted that excessive credit growth was somehow at the heart of this whole thing. The question now is what are we going to do to avoid such problems in the future?