In light of the pandemic, the global economy is suffering. While this downturn is extreme, it’s not irreparable. In fact, after experiencing economic meltdowns such as the Great Depression and the Great Recession, we’ve learned a great deal about how to regulate our economies to prevail through and recover from such upsets.
In the article, “Are We Safer? The Case for Strengthening the Bagehot Arsenal” by previous United States Secretary of the Treasury and President of the Federal Reserve Bank of New York, Tim Geithner focuses on how disaster happens, disaster response, and the craft of financial crisis management. From Geithner’s experience and research, we can draw parallels between how financial crises can be managed to how we can view SRE as a crisis prevention and response solution within our organizations.