The Hoover Institution and the Brookings Institution cordially invite you to a discussion of the newly released book Across the Great Divide: New Perspectives on the Financial Crisis.

Moderated by

Alan Murray
Editor, Fortune Magazine

PANELISTS AND EDITORS

John B. Taylor
Tthe George P. Shultz Senior Fellow in Economics at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University

Martin Neil Baily
The Bernard L. Schwartz Chair in Economic Policy Development and Senior Fellow and Director of the Business and Public Policy Initiative at the Brookings Institution

ABOUT THE BOOK

Five Years After the Financial Crisis of 2008: Where Do We Stand?

The financial crisis of 2008 devastated the American economy and caused U.S. policymakers to rethink their approaches to major financial crises. More than five years have passed since the collapse of Lehman Brothers, but questions still persist about the best ways to avoid and respond to future financial crises. In Across the Great Divide, contributors  from academia, industry, and government analyze the financial crisis of 2008: its causes, effects on the U.S. economy, and the way ahead.

The expert contributors consider post-crisis regulatory policy reforms and emerging financial and economic trends, including the roles played by highly accommodative monetary policy, securitization run amok, government-sponsored enterprises (GSEs), large asset bubbles, excessive leverage, and the Federal funds rate, among other potential causes. They discuss the role played by the Federal Reserve and examine the concept of “too big to fail.” And they review and assess resolution frameworks, considering experiences with Lehman Bros. and other firms in the crisis, Title II of the Dodd-Frank Act, and the Chapter 14 bankruptcy code proposal.

Upcoming Events

Tuesday, September 9, 2025 10:00 AM PT
Purple background with title in cream above a leather bound photo album covered in paintings, metalwork, and jewels. Gajda Album
Eastern Europe And Beyond: Photographic Albums Revealed
Discover the rich tapestry of Eastern Europe and beyond in a new photographic album exhibition from the Hoover Institution Library & Archives Lou Henry Hoover Gallery, Hoover Tower
Thursday, September 11, 2025
The Arsenal of Democracy: Technology, Industry, and Deterrence in an Age of Hard Choice
The Arsenal of Democracy: Technology, Industry, and Deterrence in an Age of Hard Choices
Join Hoover Fellow, Eyck Freymann for the launch of his new book The Arsenal of Democracy: Technology, Industry, and Deterrence in an Age of Hard… Hoover Institution in DC
Tuesday, September 16, 2025
Explaining Israel The Jewish State, the Middle East, and America
Explaining Israel: The Jewish State, the Middle East, and America
Join Hoover Senior Fellow Peter Berkowitz for the launch of his new book Explaining Israel: The Jewish State, the Middle East, and America at the… Hoover Institution in DC
overlay image