As part of our effort to proÂvide insight into the ongoÂing credÂit criÂsis, we present a talk just givÂen at Oxford UniÂverÂsiÂty by the Nobel Prize winÂning econÂoÂmist, Joseph Stiglitz (iTunes — Rss Feed). The author of GlobÂalÂizaÂtion and its DisÂconÂtents uses the talk as an opporÂtuÂniÂty to outÂline the events that conÂtributed to the globÂal credÂit criÂsis, and the future regÂuÂlaÂtions that could get us back on track. The talk runs a good hour, and it takes about 20–25 minÂutes for Stiglitz to realÂly focus on the credÂit crunch, and about 45 minÂutes before he starts disÂcussing tanÂgiÂble soluÂtions. Don’t expect any magÂic bulÂlets, any short term soluÂtions that will get the curÂrent criÂsis under conÂtrol. It’s more pragÂmatÂic long-term soluÂtions that you’ll find here.
RelatÂed ConÂtent:
The FinanÂcial CriÂsis Explained
Ten Days That Shook The FinanÂcial World
This AmerÂiÂcan Life DemysÂtiÂfies The CredÂit CriÂsis