Coping with volatility and vulnerability

4/11/10.- Norman Loayza, lead economist in the research department of the World Bank, explores the lessons on volatility and vulnerability of the current crisis.

According to Loayza, bailouts provide the wrong type of incentives and implicit and unsustainable insurance must be also avoided.

Loayza participated in the BBVA Foundation-Ivie seminar Past and present: from the Great Depression of the 20th century to the Great Recession of the 21st century