Without work of this sort, it may be difficult to fashion the optimally strong, sensible, post-crisis regulatory regime. Conclusion Even when the crisis was at its apex, students of history recognized that the momentum for reform of the financial system that was then so strong could fade quickly. Legislators and officials move on to other issues, as does the public.
The markets continue to watch what the ECB would actually do to fight deflation and curb the strong euro, whether it would in fact unleash its own version of QE. Analysts say Super Mario isn’t “bluffing”.