Ten Years after the Global Financial Crisis: what have we learned and what did we forget? [Audio]

Speaker(s): Professor Charles Bean, Lord O’Donnell, Professor Catherine Schenk, Minouche Shafik | This event explores the causes of the 2008 global financial crash and the responses of the major advanced economies, which drew on the lessons of the 1930s. A decade on from the crisis, the global financial system has yet to return to ‘normal’, with prolonged low interest rates posing a risk to its stability. It is time to reflect on previous financial crises and the policy lessons we have learned – and failed to learn – from them. Charles Bean is Professor of Economics, LSE and a former Deputy Governor of the Bank of England. Gus O’Donnell (@Gus_ODonnell) was Cabinet Secretary and Head of Civil Service 2005-11. Catherine Schenk is Professor of Economic and Social History, St Hilda’s College Oxford. Minouche Shafik is Director of the London School of Economics and Political Science. Prior to this she was Deputy Governor of the Bank of England. Nicholas Stern @lordstern1 is the IG Patel Professor of Economics and Government, Chairman of the Grantham Research Institute on Climate Change and the Environment and President of the Royal Economic Society. LSE IDEAS (@lseideas) is LSE's foreign policy think tank. We connect academic knowledge of diplomacy and strategy with the people who use it. LSE's Department of International History (@lsehistory) teaches and conducts research on the international history of Britain, Europe and the world from the early modern era up to the present day. Twitter Hashtag for this event: #LSEfinance This event forms part of the “New World (Dis)Orders” series, held in the run up to the LSE Festival, a week-long series of events taking place from 25 February to 2 March 2019, free to attend and open to all, exploring how social science can tackle global issues. How did we get here? What are the challenges? And, importantly, how can we address them? Full programme available online from January 2019.