Youssef Cassis


On his book Crises and Opportunities: The Shaping of Modern Finance

Cover Interview of August 07, 2011

Editor’s note

Originally, this interview ran on the Rorotoko cover page under the headline

“The 2008 financial crisis must be put in a proper historical context.”

We highlighted two quotes.

On the first page:

“Quantitative analyses inevitably lump rather than split, emphasize the commonalities rather than the specificities.  In the case of major financial crises, whose occurrence is not very frequent, the differences, in other words the singularity of each event, are of paramount importance.”

On the second:

“Top salaried executives and star traders have been able to enjoy a level of remuneration previously only attained by private bankers risking their own capital.  That this state of affaires contributed to the financial debacle of 2007-2008 cannot seriously be doubted.”