LSE centre for economic performance: financial regulation – can we avoid another great recession?

A new series of Election Analyses is now available from the LSE’s Centre for Economic Performance (CEP). The series will discuss the research evidence on some of the key policy battlegrounds of the 2010 General Election, including macroeconomic policy, immigration, health, education, crime, poverty and inequality, labour market policy, regional policy, energy and the environment, financial regulation and bankers’ bonuses, and foreign aid. The financial meltdown of 2008 led to the worst recession experienced by the UK and other advanced economies since the Great Depression. The latest Election Analysis from the Centre for Economic Performance (CEP) – by Professors Luis Garicano and John Van Reenen – examines what went wrong with the regulatory system for finance and how can it be fixed.