“Business Leaders” Series Lecture:
The Financial Crisis of 2008 and the Road Ahead
by Dr. Jerry Dwyer

Monday, November 30th at 6.40 pm - Auriana Auditorium

The drivers of the financial turmoil and the Financial Crisis of 2008 were heterogeneous securities that were hard to value. These securities created concerns about counterparty risk and ultimately created substantial uncertainty. The problems spread in ways that were hard to see in advance. No doubt, with enough hindsight, the financial crisis could have been avoided.

The Financial Crisis of 2008 raises enough analytical and empirical issues to keep interested economists busy for the foreseeable future. The big policy issue going forward is the response to the crisis. A desire for financial stability easily can lead to over-regulation and a moribund financial sector that bears more similarities to a graveyard than a vibrant, growing economy.

Dr Gerald P. Dwyer, Jr. is an economist who currently is Director of the Center for Financial Innovation and Stability at the Federal Reserve Bank of Atlanta. He is also an Adjunct Professor at the University of Carlos III in Madrid.