Alan Taylor: Macroeconomic Management After a Crisis (4/7)

The video discusses the global financial crisis, highlighting its unprecedented scale and impact. It examines the limited damage in emerging markets and their rapid recovery, contrasting with developed economies. The speaker analyzes failures in economic policymaking, focusing on global imbalances and domestic finance. Historical insights reveal the importance of financial regulation and credit booms. The video concludes with recommendations for future financial regulation, emphasizing the need to address domestic financial issues over global imbalances.

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