Big Bang: new beginning or beginning of the end?
回顾1986年《牛津经济政策评论》对金融创新的评估，指出其对金融危机的预见性，并批评当前应对措施的不足，强调需加强制度改革的必要性。
Thirty years ago, the 1986 <it>Oxford Review of Economic Policy</it> assessment of financial innovation foretold the events leading up to the financial crisis and the factors that lay behind it. Those same insights suggest significant deficiencies in the response to the financial crisis and a failure to identify the limits to, as well as requirements for, strengthened regulation. In particular, there is a need for institutional reforms that have received insufficient attention to date.