Special Issue - Ten Years after the Global Financial Crisis: Lessons Learned, Opportunities Missed

The Global Financial Crisis was a truly momentous shock to the global economy. By the autumn of 2008, global output, employment and trade were in free fall as financial markets around the world seized‐up in dysfunction and credit ceased to flow. Ten years after the crisis, the papers in this special issue provide important insights into critical policy issues and can help guide efforts to strengthen international economic and financial governance. Success in this regard is critical to ensuring that the global economy remains a common wellspring of economic and social development for people around the globe.

Research Articles

Ten Years after the Global Financial Crisis: An Introduction - Helmut K. Anheier and James A. Haley

Multilayered Governance and the International Financial Architecture: The Erosion of Multilateralism in International Liquidity Provision - Barry Eichengreen, Domenico Lombardi and Anton Malkin

The G20's Reform of Bank Regulation and the Changing Structure of the Global Financial System - Malcolm D. Knight

Three Lines of Defence: A Robust Organising Framework, or Just Lines in the Sand? - Howard Davies and Maria Zhivitskaya

The Corporate Governance of Public Banks before and after the Global Financial Crisis - Mark Hallerberg and Jonas Markgraf

EU Financial Services Policy since 2007: Crisis, Responses, and Prospects - Nicolas Véron

Sovereign Debt Restructuring in Europe - Lee C. Buchheit and G. Mitu Gulati

Managing Deep Debt Crises in the Euro Area: Towards a Feasible Regime - Jeromin Zettelmeyer