Reregulating finance after the crisis
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2011
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It has been more than four years since the onset of the financial crisis and the accompanying Great Recession in the US and much of the developed world. Over that period, and after many rounds of intervention by governments and central banks, it appears that the prospects of a recovery have hardly improved. The crisis has also spread geographically, with its worst consequences becoming visible in the peripheral countries of Europe rather than in the financial centres of the world where it originated.