Consequences of 2008, Assessing risks to global financial stability

Finance, Markets — By on August 15, 2018 at 1:26 PM

Meghnad Desai

Commentary: Consequences of 2008

By Meghnad Desai in Goa

When the 2008 financial crisis came, few thought the ensuing recession would have such long-lasting consequences. But 10 years later, the fault lines previously hidden in the economic structure have become clear. Every trading regime has gainers and losers. To maximise social welfare, those who gain from the benefits of free trade are expected to compensate those who suffer losses. Of course, no one is actually compensated; the losers simply adjust to their losing positions.

Read the full commentary on the website.

Podcast: Assessing risks to global financial stability

Fabio Natalucci, deputy director of the monetary and capital markets department at the IMF, speaks to Danae Kyriakopoulou, OMFIF’s chief economist and head of research. They discuss the findings of the IMF’s latest Global Financial Stability Report, focusing on the Fund’s framework for analysing current economic and financial conditions and their impact on financial risks. They also speak about risks emanating from the tightening of monetary policy globally, disruptions in the global trade system, and political uncertainty.


Listen to the recording, or search for OMFIF on your smartphone’s podcast app.


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