Regulation cannot be static because regulators and supervisors run behind innovation, so it must constantly be up to speed; combined with the tendency for complacency to set in as time elapses from the last crisis, Reinhart is not confident any regulatory framework will prevent a major financial crisis from recurring—elsewhere crises are already brewing, and her bet is that when financial markets morph into new forms, it will all happen again.

forecastpending

Speaker

Carmen Reinhart

Evidence Quote

as that awareness fades and financial markets morph from their present status into something else which they will my my bid is that it will all happen again

Source

Carmen Reinhart on Financial Crises 11/23/2009EconTalk
Created: 6/15/2026, 9:20:19 AM

My Notes

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