The Crisis: Basic Mechanisms and Appropriate Policies
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.
(This abstract was borrowed from another version of this item.)
Volume (Year): 10 (2009)
Issue (Month): 1 (04)
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- Stijn Claessens & M. Ayhan Kose & Marco E. Terrones, 2009.
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- Claessens, Stijn & Kose, Ayhan & Terrones, Marco E, 2008. "What Happens During Recessions, Crunches and Busts?," CEPR Discussion Papers 7085, C.E.P.R. Discussion Papers.
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