Global Financial Markets Risks: Prevention, Management and Resolution

On the 12 February, Bill White led off a panel discussion at the American Enterprise Institute in Washington. He contended that past policy measures directed to preventing economic crises have not been adequate. Indeed, there are grounds for belief that some of the policies followed in recent years have raised both the probability and the expected costs of a future crisis. When it comes, we will also find that our capacity both to manage and resolve crises has become increasingly inadequate.