A financial professional reacts to market volatility on the floor of the New York Stock Exchange on March 6, 2009. Photo: AFP
Opinion
Opinion
The next financial crisis will be worse than the 2008 crash. Here’s how the world can prepare for it
- Unilateralism, fragmented regulatory bodies, a depleted arsenal of tools at the disposal of central banks and increasingly complex financial markets will make it harder to deal with the next crisis
- A multilateral effort, both from governments and the private sector, is our best hope
A financial professional reacts to market volatility on the floor of the New York Stock Exchange on March 6, 2009. Photo: AFP