Initial Lessons of the Crisis

Policy Papers, February 6, 2009

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Initial Lessons of the Crisis

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Bibliographic details

• Published: February 6, 2009
• Series: Policy Papers
• Stock No: ISBN

Overview

• Publication date: February 6, 2009
• Purpose: Summarizes the initial lessons of the financial crisis along three dimensions—regulation, macroeconomic policy, and the global architecture for stability.
• Focus:
  • Not on the near-term resolution of the crisis or the long-term consequences (those are left to other papers).
  • Emphasis on prevention, bearing in mind that crises will inevitably recur.
• Underlying analysis: Elaborated in three related staff papers to be issued separately.

Major themes covered

• Regulation
  • The paper addresses initial lessons related to regulation (summary statement only in this overview).
• Macroeconomic policy
  • The paper addresses initial lessons related to macroeconomic policy (summary statement only in this overview).
• Global architecture for stability
  • The paper addresses initial lessons related to the global architecture for stability (summary statement only in this overview).

Subjects (as listed)

• Bank supervision
• Capital markets
• Crisis prevention
• Economic policy
• Financial crisis
• Financial systems
• Liquidity management
• Monetary policy

Companion papers

• Initial Lessons of the Crisis for the Global Architecture and the IMF
• Lessons of the Global Crisis for Macroeconomic Policy
• Lessons of the Financial Crisis for Future Regulation of Financial Institutions and Markets and for Liquidity Management

Source: Initial Lessons of the Crisis (February 6, 2009), International Monetary Fund.

Content in this bundle

• _020409
  • _020409 (Markdown version)
  • _020409 (PDF)
• Initial Lessons of the Crisis for the Global Architecture and the IMF; February 18, 2009
  • Initial Lessons of the Crisis for the Global Architecture and the IMF; February 18, 2009 (Markdown version)
  • Initial Lessons of the Crisis for the Global Architecture and the IMF; February 18, 2009 (PDF)
• Lessons of the Global Crisis for Macroeconomic Policy; February 19, 2009
  • Lessons of the Global Crisis for Macroeconomic Policy; February 19, 2009 (Markdown version)
  • Lessons of the Global Crisis for Macroeconomic Policy; February 19, 2009 (PDF)