Oxford University Press's
Academic Insights for the Thinking World

  • Author: John O.S. Wilson

What we learned from the financial crisis of 2008

It has been over a decade since the global financial crisis of 2007-2008, which threatened to destroy the financial system, and wreaked havoc on the financial well-being of households, firms, and governments.

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How much capital?

Almost a decade after the global financial crisis, most regulators and commentators would agree that the banking industry is far more strongly capitalized than it was in the run-up to the crisis. Looking forward, there is less consensus as to how much capital banks should hold. Neel Kashkari, head of the Minneapolis Federal Reserve, attracted attention recently by calling for huge increases in minimum capital requirements for banks.

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