Sundaram opens the conference by recalling the events of the Great Financial Crisis (GFC). “That whole period,” he says, “every month, every day, was a period of wonder at what is happening in financial markets.” With each new development, it seemed the conventional understanding of the financial markets was undermined. But the financial crisis also created unprecedented critical reflection on what had gone wrong and unprecedented engagement among researchers, policy makers, and academics to answer that question, Sundaram observes, with NYU Stern at the forefront of those efforts. This conference, he says, will showcase some of the key economic insights that have developed in the aftermath of the crisis.
A session from the 2008 Financial Crisis: A Ten-Year Review conference held on 8-9 November 2018 in New York.