Summary of Panel Discussion

  • Robert Z. Aliber
  • William White
  • Lawrence Goodman


The quip from books on military history is that the generals plan to fight the next war as if it were going to be similar to the last war. The counterpart statement for those who develop regulatory initiatives to forestall banking crises is that they still do not understand that the cause of the debacles in the United States, Great Britain, Iceland, Ireland, and Spain in the autumn of 2008 and why Greece and Portugal had sovereign debt crises fifteen months later.


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Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Robert Z. Aliber
    • 1
  • William White
    • 2
  • Lawrence Goodman
    • 3
  1. 1.Booth School of BusinessUniversity of ChicagoChicagoUSA
  2. 2.C.D. Howe InstituteTorontoCanada
  3. 3.Center for Financial StabilityNew YorkUSA

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