Inappropriate macro economic policies in some economies, characterised by [a] low savings rate and high consumption [and] failure of financial supervision and regulation to keep up with innovation which allowed financial derivatives to spread.
![Inappropriate macro economic policies in some economies, characterised by [a] low savings rate and high consumption [and] failure of financial supervision and regulation to keep up with innovation which allowed](http://cdn.quoteddaily.com/images/wen-jiabao/inappropriate-macro-economic-policies-in-some-economies-characterised-by-a-low-savings-rate-and-high-consumption-and-failure-of-financial.jpg)
Inappropriate macro economic policies in some economies, characterised by [a] low savings rate and high consumption [and] failure of financial supervision and regulation to keep up with innovation which allowed financial derivatives to spread.