It is almost three years since the financial crisis erupted in August 2007, and we have since gone through the greatest financial and economic turmoil since the 1930s.
International Monetary System: Beyond the Dollar
Can a crisis be a catalyst of change? Or, put in a different way, are there good and bad crises? A good crisis should trigger a general reassessment of the functioning of the world economy and foster change. So, to paraphrase Rahm Emanuel, United States President Barack Obama’s Chief of Staff, a good crisis cannot, and should not be wasted.