Brad Setser on Global Imbalance and Financial Crisis
If one asks me to narrow the causes of global financial crisis down to two major reasons, I will say that the first cause is naive financial regulation and the second cause is the global savings glut. Setser had a fabulous analysis on this issue.
I am an Associate Professor of Economics at Winona State University, where I teach Macroeconomics, International Economics and Forecasting Methods. This blog will provide my observations and collection of news, information, articles, and videos on the issues of global economies, finance, and business.