Understanding the Financial Crisis November 18, 2008

Organizer: Mercatus Center.. In this, the Financial Markets Working Group‘s inaugural event for Congressional and Agency staffers, our scholars will provide background and discuss many of the issues currently being debated in Congress, such as: How are economists viewing the overall situation unraveling in the financial markets? What unique perspective can academics bring to the table? What roll have credit default swaps and derivatives played in the current financial crisis? Is there a role for federal intervention in this arena? Is mark-to-market accounting a viable option in times of crisis? What different accounting standards could have helped facilitate financial transactions? What have we learned from the fallout of the subprime meltdown? How have bankruptcy and consumer lending regulations performed in this stressful climate?

Official Website: http://www.mercatus.org/EventDetails.aspx?id=24966