Bad that such speeches are hardly covered by media.
Jörg Asmussen of ECB explains the challenges faced by Eurozone policymakers.
He begins quoting Paul Samuelson that central banking is the third greatest invention of mankind:
The answer is no. Surprising isn’t it?
In this paper Luc Laeven and Fabien Valencia compare the crisis management of both advance and emerging/developing economies. They show emerging economies have a better track record than their developed counterparts when it comes to crisis management.