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Lessons learnt from the GFC and how to heed them

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The Global Financial Crisis highlighted the shortcomings of the financial sector and its exposure to risk. Fuelled by the failures of financial regulators, governments and central banks, many lessons can be learnt from the GFC.

This article first appeared in Short Supply 2017 – check out the full magazine via the Short Supply tab at the top of this page!

Australia and the GFC: a pair of star-crossed lovers

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Australia and the GFC were fated to never be together, but for more reasons than you might suspect. Kyneton Morris delivers a short analysis of the series of events and conditions that underpin Australia’s successful response to the GFC.

This article first appeared in Short Supply 2017 – check out the full magazine via the Short Supply tab at the top of this page!

You get what you pay for: Behavioural economics and the GFC

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Although there were many causes of the Global Financial Crisis, it is evident that the irrational behaviour of individuals had a huge role to play.

A major behavioural factor that contributed to the GFC was risk-taking behaviour; both by the employees at financial institutions, and by the general public.

This article first appeared in Short Supply 2017 – check out the full magazine via the Short Supply tab at the top of this page!

Risky business: the free insurance provided to banks

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It’s often disappointing to see governments bailing out financial institutions. “Let them fail!”, the public cries out. However, is this alternative any better? Moral hazard explores the consequences of banks knowing they can get away scot-free if things go belly up.
This article first appeared in Short Supply 2017 – check out the full magazine via the Short Supply tab at the top of this page!