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Time for a Visible Hand
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Time for a Visible Hand: Lessons from the 2008 World Financial Crisis

Stephany Griffith-Jones, José Antonio Ocampo, and Joseph E. Stiglitz


The financial crisis, which originated in developed country financial markets, has spread to developing countries and has turned into a global financial meltdown. Governments and Central Banks—though taking many and costly measures—seem powerless to stop the crisis. In light of this major global crisis that is hurting economies across the globe, this highly topical book will focus on a) the transparency and regulatory measures that become desirable after the current crisis; b) the implications of both the crisis and regulatory discussions for developing and developed economies; and c) reforms ... More

Keywords: global financial crisis, transparency, financial liberalization, regulation

Bibliographic Information

Print publication date: 2010 Print ISBN-13: 9780199578801
Published to Oxford Scholarship Online: February 2010 DOI:10.1093/acprof:oso/9780199578801.001.0001


Affiliations are at time of print publication.

Stephany Griffith-Jones, editor
University Professor Columbia University, Financial Markets Program Director, Initiative for Policy Dialogue

José Antonio Ocampo, editor
Professor and Co-President Initiative for Policy Dialogue at Columbia University
Author Webpage

Joseph E. Stiglitz, editor
Professor and Co-President Initiative for Policy Dialogue at Columbia University
Author Webpage

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1 Introduction

Stephany Griffith‐Jones, Ocampo José Antonio, and Joseph E. Stiglitz

Part I The Crisis in the United States

5 Responding to the Crisis1

Joseph E. Stiglitz

Part II Reforming Financial Regulation

7 Agenda and Criteria for Financial Regulatory Reform

Jane D'Arista and Stephany Griffith–Jones1

Part III Developing Country Perspectives

Part IV Reforming the Global Monetary System

17 A Modest Proposal for International Monetary Reform1

Bruce Greenwald and Joseph E. Stiglitz

End Matter