The many forces that led to the economic crisis of 2008 were in fact identified, analyzed and warned against many years before the crisis occurred. The internationally renowned contributors to this thought-provoking book discuss the work done on various indications of the impending crisis and illustrate how it will contribute to new thinking on monetary and financial policies. Topics addressed include monetary policy, markets, financial history, liquidity, and institutions and global finance, with an emphasis on theoretical considerations and how they can be applied toward the goal of a more equitable and civilized society. The expert contributors hail from across the globe and offer a range of both academic and policymaking perspectives. This fascinating book will appeal to students and scholars of economics, particularly those with an interest in international finance and banking, financial regulation and political economy.