Now, he says, the experiences of the past few years suggest that central banks will need more room to
maneuver in future crises.
A fair playing field with clear rules promotes efficiency and protects all players, and
coordination in a future crisis will be essential to reduce systemic risk.
In a future crisis, Summers is someone who would apply the same brand of forceful intervention that was the hallmark of Obama's own response, they said.
In future crises, scientists may censor or avoid deliberations, and more importantly, be reluctant to volunteer valuable expertise and technology that emergency responders don't possess.
Stress - test it now against the most challenging market data you can obtain - it is reckless to believe that the markets will be forever bailed out
in every future crisis.
But some of those still with means have decided they want a house in town, so that
in future crises they will have a place to flee other than a camp, the professor said.