Liang, McConnell, Swagel: Eight lessons from the global financial crisis: (1) Prepare (at least ) for what is likely. brookings.edu/wp-content/upl… #FinCrisisLessons
Lesson 2: Prepare to be surprised.
Lesson 3: Communicate before during and after the crisis
Lesson 4: There will always be forces pushing against early intervention
Lesson 3: Communicate before during and after the crisis
Lesson 4: There will always be forces pushing against early intervention
Lesson 5: Late intervention limits the potential for good outcomes
Lesson 6: Late intervention may raise rather than lower potential for unintended consequences
Lesson 6: Late intervention may raise rather than lower potential for unintended consequences
Lesson 7: A strong regulatory/supervisory structure is necessary to reduce costs of crisis on real economy
Lesson 8: That strong regulatory/supervisory stucture is no substitute for strong crisis management capabilities.
#FinCrisisLessons
Lesson 8: That strong regulatory/supervisory stucture is no substitute for strong crisis management capabilities.
#FinCrisisLessons
