2012 | OriginalPaper | Buchkapitel
Strengthening the Financial Architecture: The Unanswered Questions
verfasst von : Barry Eichengreen
Erschienen in: The Global Economic Crisis and Consequences for Development Strategy in Dubai
Verlag: Palgrave Macmillan US
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The failure of Lehman Brothers in September 2008 marked the apex of the financial crisis. Twelve months later, by the end of 2009, the worst financial distress appeared to have passed.1 The year saw ongoing discussions on how to strengthen the financial architecture so as to prevent the recurrence of similar events. From this has emerged a broad-based consensus but also a number of unanswered questions. The consensus is worth summarizing, but the unanswered questions deserve particularly careful attention.2