1 I would rather quote from a paper written by Michael Bordo, Barry Eichengreen and others in 2001 on “the crisis problem”: since 1973 crisis frequency has been double that of the Bretton Woods and classical gold standard periods and matched only by the crisis-ridden 1920s and 1930s. History thus confirms that there is something different and disturbing about our age.
2  1  See Saccomanni F. (2008), Managing International Financial Instability. National Tamers versus Global Tigers, Cheltenham, UK and Northampton, Ma: Edward Elgar. 2  See Bordo M., B. Eichengreen, D. Klingebiel and M.S. Martinez-Peria (2001), “Is the Crisis Problem Growing more Severe”, Economic Policy, April, pp. 53-82.