Joe Higgins (Dublin West, Socialist Party) | Oireachtas source

I will return to Professor Lane's point on the "search for yield". In the 1970s by common consent we had a massive increase in petrodollars by sheiks and oil tycoons and that led to huge lending in the developing world which in turn led to an incredible debt crisis in Africa and Latin America, causing significant suffering of course for millions of people. Does Professor Lane see a similarity between that and what developed up to the crash in the mid-1990s?