... Global Economic Prospects meeting, Peterson Institute for International Economics April 3, 2008 © Peterson Institute for International Economics I. Introduction My topic today ... Risk of a Financial Meltdown and the Escalating Losses in the Financial System,” Roubini Global Economics, March 10, 2008. 2 See David Greenlaw, Jan Hatzius, Anil K Kashyap, and Hyun Song Shin, ... blueprint, not under the business conduct and consumer protection regulator. Reform 2. We need an international agreement on liquidity standards for banks and large investment banks. Much of this...