The Great Crash of 2008 and getting financial regulation right
November 11th, 2009Author: Stephen Grenville, Lowy Institute
This article is the second part of a digest of a public forum at the ANU.
Ross Garnaut’s book, ‘The Great Crash of 2008’, is an important contribution to the ongoing critical discussion of the global economic crisis.
However, it lacks in one respect: the book is written as if Australia went through basically the same experience as the US.
In the US it was an old fashioned financial crash, like 1907 when JP Morgan locked the bankers in his library and told them that he wouldn’t let them out until they had sorted out the mess. Read the rest of this entry »



