Jac Laubscher, Group Economist
The Global Financial Crisis - Part 3: Central Banks and Financial Stability
In the wake of the current crisis some analysts argue that financial regulation reform will avert a recurrence. Others say financial crises are inherent to a market-based system, so authorities should clean up the mess because it will happen again. A third group holds that central banks should moderate asset price movements to prevent bubbles from forming in the first place.