Alan Taylor: Macroeconomic Management After a Crisis (4/7)

The video discusses the global financial crisis, highlighting its unprecedented scale and impact. It examines the limited damage in emerging markets and their rapid recovery, contrasting with developed economies. The speaker analyzes failures in economic policymaking, focusing on global imbalances and domestic finance. Historical insights reveal the importance of financial regulation and credit booms. The video concludes with recommendations for future financial regulation, emphasizing the need to address domestic financial issues over global imbalances.

What changes in emerging markets are highlighted in the context of the global financial crisis?

How does the speaker view the effectiveness of current financial regulations?

What does the speaker argue about the relationship between global imbalances and financial crises?

What are the potential future challenges for emerging markets as discussed by the speaker?