Brown, Alessio J. G. Merkl, Christian Lechthaler, Wolfgang
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[Pages:] 136-143 [Title:] The crisis and beyond [Editor:] Klodt, Henning [Editor:] Lehment, Harmen [Place:] Kiel [Publisher:] Kiel Institute for the World Economy
This lecture is a tour dhorizon of the financial crisis aimed at extracting lessons for future financial regulation. It combines normative recommendations based on conventional welfare economics with positive assessments of the kind of measures likely to be adopted based on political economy considerations.