This recession is not like any other in living memory. Phase one involved a massive supply shock, phase two will involve dealing with a collapse in demand.
With new risks threatening the balance of financial markets, the world has not heeded the lessons of the global financial crisis, says UNSW Business School Director of Global Finance, Fariborz Moshirian.
The economic and political stability of Europe should matter to Australians because our wealth, jobs and security are tied to the success of the eurozone, writes Robert Marks.
According to the federal government, quick action to instigate stimulus policies saved the Australian economy. The real story is rather different though, writes Peter Swan.
An online tool that tracks international regulatory developments in the aftermath of the GFC and aims to be the most comprehensive of its kind, has been launched by UNSW Law.
Australia's banks should be made to contribute to a fund to ensure their long-term stability and help prevent any future financial disaster, says finance law professor Ross Buckley.
Treasury Secretary Dr Ken Henry said Australia's quick response to the global financial crisis was a big contributor to avoiding the scale of the recession experienced in the US.
The global financial crisis may have changed investor behaviour but the appetite for risk is still strong, particularly among those close to retirement, new research finds.
The American economy remains vulnerable to structural problems in its financial sector, despite positive market responses to the "stress tests" results for US banks, argues Professor Neal Stoughton.
Restoring faith in the banking system is a prerequisite for sustained economic recovery from the global financial crisis, writes Professor Fariborz Moshirian of the Australian School of Business.