Rethinking Finance: New Perspectives on the Crisis

A conference on the economic lessons from the financial crisis

Some economic events are so major and unsettling that they "change everything." Such is the case with the financial crisis that started in the summer of 2007 and is, in several respects, still ongoing. Yet enough time has now elapsed for economists to dig deeper than the usual focus on the immediate causes and consequences of the crisis. How have these stunning events changed our thinking about the role of the financial system in the economy, about financial innovation, about the efficiency of financial markets, and about how the government should regulate finance?

To address these issues, the Russell Sage Foundation and The Century Foundation hosted a conference on the financial crisis at the Princeton Club on Friday, April 13, 2012. Four panels of experts shared their assessments of discrete aspects of the crisis and pointed to changes that should be made in the financial industry, in government regulation, and in the thinking of economists. Federal Reserve Chairman Ben S. Bernanke offered his thoughts on lessons learned from the crisis. Conference videos and presentations can be found in the links presented below.



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