Lessons Learned from the 2008 Financial Crisis
Author(s): Ludwig, Eugene A.
Eugene A. Ludwig outlines seventeen lessons that policymakers can take from the current global economic crisis. In addition, he provides suggested improvements for the global regulatory structure, including adopting universal standards, increased transparency, and regulatory consolidation. Ludwig concludes by noting that sound supervision is critical to the financial structure, and it can alleviate many problems in which central banks will have to contend.