Even so, it will be instructive to put our minds together to understand how we got here and how we may avoid the mistakes and excesses in the future. It will be presumptuous on my part to anticipate the whole gamut of issues that you will bring to the discussion. Given your collective experience and expertise, that will indeed be a rich contribution.
But I want to take this opportunity to raise some of the more important debates thrown up by this crisis. I will refer to five debates. 1st debate: How do we manage global imbalances? In popular perception, the collapse of Lehman Brothers on 15 September 2008 will remain as the trigger for the global crisis. At one level, that many well be true.