The Crisis: Basic Mechanisms and Appropriate Policies
April 1, 2009
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Summary
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.
Subject: Banking, Emerging and frontier financial markets, Financial crises, Financial institutions, Financial markets, Financial statements, Housing prices, Mortgages, Prices, Public financial management (PFM)
Keywords: a number of asset class, asset, asset price booms, asset purchase, bank, Credit, credit rationing, Emerging and frontier financial markets, Financial Crisis, Financial statements, Global, Housing prices, investor, issued assets, Leverage, Liquidity, Mortgages, off-balance sheet assets, price, Spending, subprime loan, value, value of the assets, WP
Pages:
22
Volume:
2009
DOI:
Issue:
080
Series:
Working Paper No. 2009/080
Stock No:
WPIEA2009080
ISBN:
9781451872279
ISSN:
1018-5941
