The financial crisis reaped havoc worldwide, and Belgium was not spared.
Paul De Grauwe (KULeuven and CESifo) offers the brand new government Van Rompuy I tangible solutions on how to limit the effects of the crisis in time and proportion and how to avoid future crises

 Abstract

 “Bubbles and crashes” are an endemic feature of financial systems in capitalist countries.As a result of the deregulation of the baking sector since the 1980s banks frequently became fully exposed to these bubbles and crashes, undermining the stability of banking systems. Paul De Grauwe argues that the Basle approach is unworkable, and pleads for the return to “narrow banking”.

Program
 
11.45 h
Welcome and sandwiches
 
12.15 h
Introduction
Ivan Van de Cloot, Chief Economist of the Itinera Institute
 
12.20 h
Lessons from the Financial Crisis
Paul De Grauwe (KUL and CESifo)

13.00 h
Questions
 
The presentation will be given in Dutch, but questions can also be asked in English or French.