Addressing the Current Financial Crisis


October 7, 2008, 3:00 AM EDT
Peterson Institute for International Economics, Washington, DC

Event Summary

Senior Fellow Morris Goldstein presented his diagnosis of the global financial crisis and his 10-point program [PDF] for financial regulatory reform for responding to it at a Peterson Institute event held October 7, 2008. C. Fred Bergsten, William R. Cline, Simon Johnson, Michael Mussa, and Adam S. Posen joined Goldstein in a panel discussion.

Goldstein anticipated many of the recent policy reactions [PDF] at the Institute's global economic prospects meeting in April 2008. He has been responsible for a wide range of innovative proposals through his Institute publications, including the international banking standard that was adopted in the wake of the Asian financial crisis and a new system of early warning indicators to anticipate future crises. In an op-ed in the Financial Times in May, he made the original proposal for a liquidity pool among the world's major private financial institutions that has now been adopted as part of the response to the global crisis. His forthcoming book on this topic is entitled Financial Regulation after the Subprime and Credit Crisis.

Event Materials

Prepared Remarks: Addressing the Current Financial Crisis [pdf]
Morris Goldstein

Op-ed: A Proposal to Improve Regulatory Liquidity
Morris Goldstein, Peterson Institute for International Economics

Paper: The Subprime and Credit Crisis [pdf]
Morris Goldstein, Peterson Institute for International Economics

See also:
Research Topic: Financial Crisis