Recently, Ben Bernanke described some of the changes that are necessary, stating that “more work is needed on the behaviour of economic agents in times of profound uncertainty; on asset price bubbles and the determinants of market liquidity; and on the implications of financial factors, including financial instability, for macroeconomics and monetary policy”. 4 3.
The changing paradigms of global governance  Besides economics, other paradigms are also changing as a consequence of the crisis. Globalisation entered a new phase with an acceleration of the shift in global power towards emerging market economies that began in the last decade, giving these countries a seat at the leading table of world governance, most notably in the G20.