ON THE VERGE OF A NEW SYSTEMIC CRISIS – HOW DID WE GET HERE?

In the past 60 years, the unregulated market and the limitless potential of financial innovation have deceived economists, brokers, and everyone else involved in the economic "game". Overconfidence in the system caused the crisis, but actual reforms and proactive crisis management appear to be shaping the new economy: crisis economics, a fresh viewpoint on economic catastrophe. In order to provide broad guidance on the economic outlook, this paper's overall objective is to develop a wide picture of market regulation, the evolution of the global currency after the crisis, and global economic administration.