Review of After The Crash: The Future of Finance

Yasuyuki Fuchita, Richard J. Herring and Robert E. Litan (eds.), After The Crash: The Future of Finance, Brookings Institution Press, 2010, 150 pages

It seems increasingly likely that the financial crisis of 2007-08 will not result in a deep international recession. It has, however, left a greatly changed landscape in financial services. Independent investment banks have largely disappeared in the US (this book is almost entirely about the US), the large savings banks (thrifts) have gone, as

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