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How to deal with the US financial crisis at no cost to the taxpayer

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  • Hillinger, Claude

Abstract

I discuss briefly the crisis itself and then give some criteria that should be used in evaluating any policy proposed o deal with it. This is followed by a critical discussion of some of the policy measures that have been suggested. Finally, I give a list of proposals, that I believe best satisfy the stated criteria. In contrast to almost all of the proposals that have been made, mine involve no bailout of the financial sector with public funds.

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File URL: http://epub.ub.uni-muenchen.de/6929/1/Crisis.pdf
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Bibliographic Info

Paper provided by University of Munich, Department of Economics in its series Discussion Papers in Economics with number 6929.

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Date of creation: 28 Oct 2008
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Handle: RePEc:lmu:muenec:6929

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Keywords: financial crisis;

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  1. Leamer Edward E, 2008. "Please Think This Over," The Economists' Voice, De Gruyter, vol. 5(5), pages 1-5, September.
  2. Ausubel Lawrence M & Cramton Peter, 2008. "Auction Design Critical for Rescue Plan," The Economists' Voice, De Gruyter, vol. 5(5), pages 1-3, September.
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Cited by:
  1. Hillinger, Claude, 2010. "The crisis and beyond: thinking outside the box," Economics Discussion Papers 2010-1, Kiel Institute for the World Economy.

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