Are we bad students or do we have poor teachers: why don’t we learn the lessons from previous crises?
The global financial crisis of 2007/8 revealed many flaws in the system of regulating and supervising the international banking and financial system. This article shows that most of these flaws had been recognised in earlier crises throughout the 20th century, but that efforts to reform the system were stymied by a range of practical and institutional factors.
Catherine Schenk, Are we bad students or do we have poor teachers: why don’t we learn the lessons from previous crises? Corporate Finance Review, 15 (2), 2010. pp. 5-10. ISSN 1089-327X
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