The Global Credit Crunch and the Global Economy: Causes Threats and Opportunities
The financial crisis that has gripped global markets over the last year or so is generating a global economic downturn of a severity not seen since the 1930s. On that occasion, a collapse of credit, trade, production, and living standards was associated with the spread of state intervention and fundamental shift in the political landscape.
While considering the past, the panel will address the future.
- What were the drivers of the financial crisis and what measures can be taken to prevent or reduce the probability of a recurrence?
- Can the system of financial capitalism as we know it continue?
- What does the crisis tell us about economic behaviour?
- Does scope remain for coordinated action to mitigate the intensity of the present global downturn?
- Over the coming decade, how is the political and economic framework of economic policy likely to change, and how should it change?
- What sort of economics and what kind of economists will be in demand in ten years’ time?”
The Global Financial Crisis: Causes, Threats and Opportunities - Professor Mark Taylor
17:08, Thu 26 Mar 2009
Mark is Professor of International Finance and Macroeconomics at the University of Warwick. He is also a former currency trader and IMF Senior Economist, and is currently a Managing Director of Barclays Global Investors, one of the world’s largest asset managers. His views do not represent the views of Barclays.
(MP4 format, 189 MB)
Herds, Houses and the Crisis - Professor Andrew Oswald
17:08, Thu 26 Mar 2009
Andrew is a Professor of Economics at the University of Warwick. He is one of the pioneers of research into how economic conditions affect the psychology of wellbeing and is a member of the Stiglitz Commission on how to design a new measure of social wellbeing beyond GDP.
(MP4 format, 145 MB)
From Credit Crunch to World Recession - Professor Marcus Miller
17:07, Thu 26 Mar 2009
Marcus is a Professor of Economics at the University of Warwick. He was a research fellow at the Bank of England at the time the crisis unfolded.
(MP4 format, 124 MB)
Question & Answer Session
17:07, Thu 26 Mar 2009
Panel members answer questions from the audience
(MP4 format, 361 MB)