Month: October 2018

Financial crises are cyclical, no matter how far away the last one seems there is always a new one around the corner. Likewise, the distinction between times of crisis and financial stability may be somewhat misleading. It is fascinating, and incredibly enlightening, to arrive at the realization that the seeds of instability are sown in times of financial normalcy. The most recent global financial crisis has made evident the fact that the public at large is woefully unprepared to face these monumental upheavals. Furthermore, financial innovation of the last couple of decades, in addition to the proliferation of structurally...