02 November 2012

FSA - Monetary and Financial Stability: Lessons from the Crisis and from classic economics texts


Speech by Adair Turner, FSA Executive Chairman at the South African Reserve Bank

In a speech to the South African Reserve Bank, Adair Turner, set out the fundamental causes of the Financial Crisis, described the challenges of deleveraging and suggested how emerging economies could avoid the build up of excessive debt and leverage which produced the developed world's Great Recession.


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