What caused the global financial crisis, and what direction should the policy reform agenda take? Why did residential mortgage-backed securities and credit default swaps explode from around 2004?
Adrian Blundell-Wignall, Deputy Director for Financial and Enterprise Affairs at the OECD, addresses these questions in his article "Origins of the Financial Crisis and Requirements for Reform," recently published in the Journal on Asian Economics. Please join the OECD and New America for a discussion of some of the new problems that are beginning to emerge as a result of the policies being used to deal with the crisis.
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