Global cooperation has been key to managing the financial crisis.

But what matters is not just being there during a crisis, but showing good judgment in managing it.

When the scale of the crisis became clear last year, many were certain that it would be managed badly.

The European crisis management process has been predicated on the Scarlett O Hara principle that tomorrow will be a better day.

In at least one area, liquidity management, many investors learned painful lessons from the crisis.

It is in Berlin and Paris, first and foremost, that the crisis management strategy for the eurozone must be decided.

Now that the time for crisis management is, one hopes, over, he needs to flesh out and implement that vision.

At this stage, most Greeks do not believe that any other political party could manage the crisis more effectively.

Indeed, it would be naïve to believe that the crisis is the only reason that public finances are in bad shape.

But this crisis has shown that they have not managed globalization as well as they should have.

The Irish government that encouraged reckless bank lending and the creation of a property bubble was, perhaps not surprisingly, no more adept in managing the economy after the crisis that it was before.

Since late summer, the United States Federal Reserve has been attempting to manage the slow moving financial crisis triggered by the collapse of America s housing bubble.

This, of course, is just the story of subprime mortgages in another guise. The result was increased US spending and the descent of measured household savings into negative territory.

Meanwhile, negotiations offer Europe the opportunity to shift its narrative from the monotonous drone of crisis management to a genuine recipe for growth.

With regards to Rwanda s role in the crisis, the U.S. policy to minimize sanctions against Kagame s administration is perplexing to many observers.

In spite of the crisis, Norway in 2009 still had a 9 state budget surplus, and was the only western country to run a surplus as of July of that year.

Crisis management measures undertaken in the Western world are practically cutting our countries off from the EU market.

The Obama administration was not responsible for poor US economic performance in the immediate post crisis period that was inevitable.

Proponents of this view also claim that the megabanks are managing risk better than they did before the global financial crisis erupted in 2008.

Côte d'Ivoire is still balancing on the brink that is the unpleasant reality that all actors involved in trying to manage the crisis are faced with.

America s growth trajectory will be 2 below what it would have been had the financial crisis been successfully finessed and the lesser depression avoided.

In any case, American gold holders found their wealth involuntarily transformed into paper dollars by the Roosevelt administration at the nadir of the Great Depression.

The Bush and Obama administrations both understood that wise policymaking in crisis circumstances requires selecting the least bad option, accepting the inevitable anger and criticism, and implementing the decision quickly.

While some countries are still dealing with economic crisis or its aftermath, China s challenge is once again how to manage a boom.

To a large extent, the US crisis was actually made by the Fed, helped by the wishful thinking of the Bush administration.

NEW YORK In their efforts to pass a bailout plan for America s financial system, Bush administration officials invoked the specter of the Great Depression of the 1930 s. But, for most Asians, economic Armageddon is far more recent.

Reading Friedman and Schwartz will remind them that it is better to head off a crisis than it is to rely on one s ability to end it.

We welcome the strong demonstration of African ownership in the crisis management in Côte d'Ivoire and sincerely hope for a constructive and forward looking outcome from the Pretoria meeting this coming week.

In Greece, as in the US, a new government was left to clean up the mess. The Irish government that encouraged reckless bank lending and the creation of a property bubble was, perhaps not surprisingly, no more adept in managing the economy after the crisis that it was before.

It was the worst global crisis since the Great Depression.

But the evolution of the Greek crisis is different from the Asian crisis.

NEW YORK In their efforts to pass a bailout plan for America s financial system, Bush administration officials invoked the specter of the Great Depression of the 1930 s.

The overall political stability in the region allowed for a sustained shift of focus from crisis management to long term development and the HIV AIDS pandemic.

What amazes our neighbors and partners and increasingly causes distrust is that ever since the beginning of the global meltdown last September, the German government has focused almost exclusively on national crisis management, rebuffing any and all attempts at a European approach.

This episode suggests that Koizumi s hardline position isn t the only option. A Japanese prime minister can be strong without exploiting domestic resentment against the country s neighbors, and conservative, patriotic, and pro American while forging a healthy working relationship with China.

Anatomy of a Crisis

Crisis and Transformation

The Crises Nexus

Trial by Crisis

After the coup plot, the plot thickens...

When, during the 1997 98 Asian financial crisis, global investment professionals turned their attention from Thailand and Korea to Hong Kong, they quickly spotted structural weaknesses in the way the currency was managed.

To be sure, over eager military intelligence interrogators, as well as the Bush Administration's high handed attitude toward international law, helped precipitate the crisis.

Even now, come election time, national governments more or less openly promise to protect their citizens from Europe, because Germany has seen to it that austerity and structural reforms take pride of place in managing the crisis.

Markets learn from a current crisis which principles will be applied in the next one.

This is a crisis made mainly by the United States Federal Reserve Board during the period of easy money and financial deregulation from the mid 1990 s until today.