[1] In 2009, Dirk Bezemer, a Professor of Economics at the University of Groningen in the Netherlands, noted that White was one of the earliest to have predicted the 2007–2008 financial crisis.
[4] In 2009, Dirk Bezemer, a Professor of Economics at the University of Groningen in the Netherlands, noted that White was one of the earliest to have predicted the 2007–2008 financial crisis.
He challenged the former Federal Reserve chairman's view that central bankers cannot effectively slow the causes of asset bubbles.
White recommended to "raise interest rates when credit expands too fast and force banks to build up cash cushions in fat times to use in lean years.
White has published articles on topics related to monetary and financial stability as well as the process of international cooperation in these areas.