Challenges and weaknesses of global financial architecture and how they can be overcome

Causes and lessons from the global financial crisis

This article analyses in its first section, the fundamental causes of the global financial crisis of 2007–2009 (hereinafter, GFC), and the key lessons learned in its aftermath. Moreover, it explains the most significant lessons stemming from the GFC and develops a series of steps that should be taken to address these lessons. The causes of the GFC have been categorised into four groups according to their source.