By Viral Acharya, David Backus, and Raghu Sundaram
There is a tendency in a crisis to throw out the rulebook: we are in a unique situation, some will say, and that calls for unique measures. In fact, financial crises are recurring events whose history has taught us some clear lessons. Continue reading "Government money should have strings attached"
By Mark Carney
Our response to the financial crisis will be as important as the event itself. We can never eliminate financial crises, but we can reduce their likelihood and severity.
Continue reading “Towards a more resilient financial system”
By Nariman Behravesh
The full fury of the two shocks that have hit the world economy - the financial crisis and record oil prices - is beginning to dissipate. Unfortunately, the full impact of these shocks on the real economy has yet to be felt. Continue reading "A deep recession but a strong recovery"
By Jon Danielsson and Casper de Vries
Neither the recent massive money market injections, the coordinated lowering of interest rates nor the use of public funds to recapitalise banks have done much to restart interbank lending. This action did not solve the underlying problem preventing interbank lending: extreme information asymmetry. Continue reading "Money market on strike"
Leading economists discuss topics raised by Martin Wolf (right) and others. The forum, which is moderated, accepts comments from our participants but contributions from non-members are considered as well. Please include your name when submitting a comment. You can see below a list of regular participants.
With most of the world’s big economies now officially out of recession, the Financial Times examines the legacy of the worst global economic crisis since the 1930s. See our in depth page: Beyond the financial crisis 
FT.com - International economy
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News, data and opinions on market-moving economics. Read posts from Chris Giles, the FT's economics editor, Krishna Guha, US economics editor and Ralph Atkins, Frankfurt bureau chief.