Make failure tolerable / George P. Shultz -- Financial reforms to end government bailouts as we know them / Paul Volcker -- Fifty years in the business : from Wall Street to the Treasury and beyond / Nicholas F. Brady -- Defining systemic risk operationally / John B. Taylor -- Lessons learned...

The man and the moment -- The politics of capture -- Continuity and collusion -- Missing a rendezvous with reform -- Crony capitalism -- Obama's loyal opposition -- Political malpractice -- Change we can believe in

Gerhard Illing, Ludwig-Maximilians-Universität München analysiert die Geld- und Fiskalpolitik in der Wirtschaftskrise: Kernproblem ist ein Konflikt zwischen Preis- und Finanzmarktstabilität: Die labile Konjunktur würde eigentlich niedrige Zinsen erfordern; niedrige Zinsen ermuntern aber die...

In this paper the author attempts an analysis of the current financial/economic crisis that is wider ranging and more fundamental than he has been able to find. He discusses alternatives to the financial bailouts and shows how the crisis could have been dealt with more efficiently and at little...