Abstract
In retrospect, everything always seems clear. But that does not help us at all. At the beginning, and in the midst of the next crisis, we will not have the same information as at the end. The best training techniques always try to simulate “real-life” conditions, the circumstances we actually encounter in the battlefield, on the playing field, in outer space. It is useful therefore to rewind the tape and relive the crisis, to see how we went through each key step, why we took the right or the wrong decisions. It is the best, perhaps the only, way to learn more about the process, about the way in which we are going to react the next time around – whether we are ordinary citizens, business leaders, or policymakers.
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© 2011 Marco Annunziata
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Annunziata, M. (2011). The Earthquake. In: The Economics of the Financial Crisis. Palgrave Macmillan Finance and Capital Markets Series. Palgrave Macmillan, London. https://doi.org/10.1057/9780230346659_3
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DOI: https://doi.org/10.1057/9780230346659_3
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-32862-8
Online ISBN: 978-0-230-34665-9
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