The Crisis: Basic Mechanisms, and Appropriate Policies
Preprint
- 29 December 2008
- preprint
- Published by Elsevier in SSRN Electronic Journal
Abstract
The purpose of this lecture is to look beyond the complex events that characterize the global financial and economic crisis, identify the basic mechanisms, and infer the policies needed to resolve the current crisis, as well as the policies needed to reduce the probability of similar events in the future.Keywords
All Related Versions
This publication has 11 references indexed in Scilit:
- Amplification Mechanisms in Liquidity CrisesPublished by National Bureau of Economic Research ,2009
- The Subprime Turmoil:What's Old, What's New, and What's NextThe Journal of Structured Finance, 2009
- Deciphering the Liquidity and Credit Crunch 2007-08Published by National Bureau of Economic Research ,2008
- Collective Risk Management in a Flight to Quality EpisodeThe Journal of Finance, 2008
- The Panic of 2007Published by National Bureau of Economic Research ,2008
- Subprime Facts: What (We Think) We Know about the Subprime Crisis and What We Don'tSSRN Electronic Journal, 2008
- Private and Public Supply of LiquidityJournal of Political Economy, 1998
- The Limits of ArbitrageThe Journal of Finance, 1997
- Bank Runs, Deposit Insurance, and LiquidityJournal of Political Economy, 1983
- Bank for International Settlements: Sixteenth Annual Report.Economica, 1947