Abstract
The international financial and economic crisis which erupted in 2007 will be one of the defining moments of the twenty-first century. It has shaken confidence in prevailing economic models and given a sudden dramatic acceleration to profound and ongoing transformations in the global economy. The ambitions of the financial sector have been cut down to size, forcing it to operate under a cloud of suspicion and with a new, heavier regulatory burden. And the secular shift in the balance of economic (and geopolitical) power towards emerging markets has taken a giant leap forward.
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© 2011 Marco Annunziata
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Annunziata, M. (2011). Conclusion. In: The Economics of the Financial Crisis. Palgrave Macmillan Finance and Capital Markets Series. Palgrave Macmillan, London. https://doi.org/10.1057/9780230346659_12
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DOI: https://doi.org/10.1057/9780230346659_12
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-32862-8
Online ISBN: 978-0-230-34665-9
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