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Post 2008: Re-Awakening Market Efficiency and Growth
February 10, 2014
After the near collapse of global financial institutions in 2008, governments responded sharply to shift the focus of regulation away from market efficiency towards stability. Have they gone too far? Is the concern over stability a dead-weight that is hampering economic growth? David Dodge, former Governor of the Bank of Canada, discusses why post-2008 reforms are not making the contribution to financial stability that politicians and regulators claim. The event, sponsored by the University of Calgary's School of Public Policy, is at the Westin Harbour Castle in Toronto, ON.