Lessons from the Global Financial Crisis: Interview with Valerie Cerra

• Author: Hites Ahir
• Position: Senior Research Officer in the Research Department at the International Monetary Fund
• Pages: 3-6

3IMF RESEARCH perspectives | imf.org/researchbulletin

Interview

Hites Ahir is a Senior Research Ofcer

in the Research Department at the

International Monetary Fund.

hahir@imf.org

The Global Financial Crisis of 2007-08 was the

worst to hit the world economy since the Great

Depression. The Crisis devastated the financial

markets, brought the housing and banking

sectors to their knees, and caused political

upheaval in both the developed and developing

world. Ten years on from those events, Hites Ahir

talks to Valerie Cerra, Assistant Director in the

IMF’s Institute for Capacity Development, about

why some countries still haven’t been able to fully

recover, what are the implications of recessions

and crises for policymaking, and the new stylized

model for economic development.

qa

&

Hites Ahir

with

Interview with Valerie Cerra

Photo: Michael Spilotro