[1 hour 3 min] The Great Recession of 2008 struck the world with a ferocity not seen since the Depression of the 1930s. The causes are much debated, ranging from housing bubbles, loose monetary policy, and inadequate regulation to excessive international capital flows or leverage. In this session of the 2010 All-Alumni Conference, Professor Andrew Rose reviews the known factors of the international crisis and what we should do to prevent future crises.
