Concluding remarks  Will appropriate macroeconomic policies and a strengthened regulatory and supervisory framework be able to prevent future financial crises? Can we design a “crisis-proof financial system”? Thinking about these questions, I am reminded of an episode during a visit of Mahatma Gandhi to London, before Indian independence.
He was then asked by a reporter: “What do you think of European civilisation?” Gandhi answered: “I think it would be a good idea.” A crisis-proof financial system would indeed be a “good idea”.