The Crisis: Basic Mechanisms and Appropriate Policies

Author/Editor:

Olivier J Blanchard

Publication Date:

April 1, 2009

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

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.

Series:

Working Paper No. 2009/080

Subject:

Banking Emerging and frontier financial markets Financial crises Financial institutions Financial markets Financial statements Housing prices Mortgages Prices Public financial management (PFM)

English

Publication Date:

April 1, 2009

ISBN/ISSN:

9781451872279/1018-5941

Stock No:

WPIEA2009080

Pages:

22

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