Ten Years after the Global Financial Crisis: what have we learned and what did we forget? [Audio]

Speaker(s): Professor Charles Bean, Lord O’Donnell, Professor Catherine Schenk, Minouche Shafik | This event explores the causes of the 2008 global financial crash and the responses of the major advanced economies, which drew on the lessons of the 1930s. A decade on from the crisis, the global financial system has yet to return to ‘normal’, with prolonged low interest rates posing a risk to its stability. It is time to reflect on previous financial crises and the policy lessons we have learned – and failed to learn – from them. Charles Bean is Professor of Economics, LSE and a former Deputy Governor of the Bank of England. Gus O’Donnell (@Gus_ODonnell) was Cabinet Secretary and Head of Civil Service 2005-11. Catherine Schenk is Professor of Economic and Social History, St Hilda’s College Oxford. Minouche Shafik is Director of the London School of Economics and Political Science. Prior to this she was Deputy Governor of the Bank of England. Nicholas Stern @lordstern1 is the IG Patel Pro