Thursday 19 Jul 2018 | 10:25 | SYDNEY
Thursday 19 Jul 2018 | 10:25 | SYDNEY

The 5-minute Lowy Lunch: Explaining the financial crisis

By

Fergus Hanson

@fergushanson

9 April 2009 12:53

Yesterday, Professor Warwick McKibbin gave the clearest dissection of the financial crisis I have heard. He wasn't giving media interviews afterwards, but he did speak with The Interpreter about some of the issues he raised in his talk.

Below he discusses whether we need a new model to understand and recover from the present crisis, whether Australia needs stricter regulation, why the initial response to the crisis by the US and UK was wrong, how confidence can be restored and whether we have reached the bottom of the cycle yet. His full presentation is also worth your while and is available from our website.