Listen to a short interview with Philip T. Hoffman Host: Chris Gondek ] Producer: Heron & Crane Financial disasters often have long-range institutional consequences. When financial institutions--banks, insurance companies, brokerage firms, stock exchanges--collapse, new ones take their place,...

"In the last twenty years, several periods of turmoil have shaped the financial and economic system. Many regulatory policies, such as Basle III, have been introduced to overcome further crises and scandals. In addition, monetary policy has experienced a transition from conventional to...