Financial crises

How prepared are we for the next international economic or financial crisis?

In order to maintain international liquidity during the Global Financial Crisis, the US Federal Reserve and other central banks arranged $US580b of ‘currency swaps’ in which for a limited period they exchanged US dollars for the local currencies.

Are the claims of an imminent financial crash justifed or hysterical? (These are notes prepared for Nights with Bryan Crump. 18 September 2018)

A senior and respected economist recently remarked that he thought that there was a danger of an economic crisis precipitating a financial crisis rather than the other way around. He was reflecting on the current trade war which Trump is escalating by raising more tariffs on Chinese imports. Could it lead to a financial crisis?

So claims   Niall Ferguson, professor of history at Harvard. 

(These are notes prepared for a Radio New Zealand ‘Nights’ Pundits conversation with Bryan Crump. Tuesday 12 December 2017.)

Niall Ferguson is known for his provocative, contrarian views and a number of books, including The Ascent of Money. I am not in a position to judge him as a historian – although a chair at Harvard is no mean achievement – but when he got into a blazing economic row with Paul Krugman, in my jud