Category: Economic Crisis
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Britain’s Fork in the Road: Reform UK, or Genuine Reform?
By Henry Bushell Illustration by Keo Morakod Ung It is no surprise to anyone that the hard-right has been on the march across Europe, for some time now. While placing parties on the political spectrum isn’t an easy task (hard-right parties and their followers often strongly deny links to extremism), it shouldn’t be controversial to…
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The banking sector: reliving past traumas?
By Manav KhindriIllustration by Keo Morakod Ung The causes and consequences of the 2008 Global Financial Crisis are very well-known; a cocktail of sub-prime mortgages, murky mortgage-backed securities and irresponsible banking practices all came together to trigger one of the most devastating worldwide recessions in history. The post-crisis reforms are equally as well-documented – internationally,…
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Lessons from 2008: Why Did Models Not Predict the Recession?
By Prachi SarafIllustration by Keo Morakod Ung Introduction Financial crises can be varied in their causes, impacts, duration and spread. Often, they lead to questions about the failure of economists in forecasting and preventing the crisis. They are instrumental in shaping economic stability and policymaking due to the economy-wide impacts, which emphasises the importance of…
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UCL Rethinking Economics 