Q&A: Seven Questions on Financial Crises: Perspectives from the Frontier of Research

Author:Stijn Claessens, M. Ayhan Kose, Luc Laeven, and Fabián Valencia

The 2007–09 global financial crisis witnessed colossal disruptions in asset and credit markets, massive erosions of wealth, and unprecedented numbers of bankruptcies. Six years after the crisis began, its lingering effects are still visible in advanced economies and emerging markets alike—this shows a clear need to improve our understanding of financial crises. In their forthcoming book, “Financia... (see full summary)

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