Why Was the Financial Crisis Less Enduring in Japan and Other Countries... This Time Around?

Why have the financial sectors in some countries been less damaged by the financial crisis than others? What role did financial innovations and regulations play? Offering their views are Ronald Gilson of Columbia Law School, Takatoshi Ito of the University of Tokyo, Floyd Norris of the New York Times, Jacques Longerstaey of State Street Global Advisors and Thierry Porte of J.C. Flowers.

This panel was part of the research symposium "The Quantitative Revolution and the Crisis," co-hosted by the Sanford C. Bernstein & Co. Center for Leadership and Ethics and the Center on Japanese Economy and Business at Columbia Business School. Learn more at www.gsb.columbia.edu/leadership/research/dec2009