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The causes of the recent financial crisis and the role of central banks in avoiding the next one

  • Helmut Wagner


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    Article provided by Springer in its journal International Economics and Economic Policy.

    Volume (Year): 7 (2010)
    Issue (Month): 1 (May)
    Pages: 63-82

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    Handle: RePEc:kap:iecepo:v:7:y:2010:i:1:p:63-82
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    1. Anton Nakov, 2006. "Optimal and Simple Monetary Policy Rules with Zero Floor on the Nominal Interest Rate," Banco de Espa�a Working Papers 0637, Banco de Espa�a.
    2. Helmut Wagner, 2007. "Information and Uncertainty in the Theory of Monetary Policy," Chapters in SUERF Studies, SUERF - The European Money and Finance Forum.
    3. Carmen M. Reinhart & Kenneth S. Rogoff, 2009. "Varieties of Crises and Their Dates
      [This Time Is Different: Eight Centuries of Financial Folly]
      ," Introductory Chapters, Princeton University Press.
    4. Helmut Wagner & Wolfram Berger, 2004. "Globalization, Financial Volatility and Monetary Policy," Empirica, Springer, vol. 31(2), pages 163-184, June.
    5. Leitemo , Kai & Söderström , Ulf, 2005. "Robust monetary policy in a small open economy," Research Discussion Papers 20/2005, Bank of Finland.
    6. Alan S. Blinder, 2010. "How Central Should the Central Bank Be?," Journal of Economic Literature, American Economic Association, vol. 48(1), pages 123-133, March.
    7. Ricardo J. Caballero & Alp Simsek, 2009. "Complexity and Financial Panics," NBER Working Papers 14997, National Bureau of Economic Research, Inc.
    8. Ricardo J. Caballero & Alp Simsek, 2013. "Fire Sales in a Model of Complexity," Journal of Finance, American Finance Association, vol. 68(6), pages 2549-2587, December.
    9. Alan Greenspan, 1996. "Opening remarks," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 1-5.
    10. Marcus H. Miller & Paul Weller & Lei Zhang, 2002. "Moral Hazard and the US Stockmarket: Analyzing the "Greenspan Put"," Working Paper Series WP02-1, Peterson Institute for International Economics.
    11. Vasco Cúrdia & Michael Woodford, 2010. "Conventional and unconventional monetary policy," Review, Federal Reserve Bank of St. Louis, issue May, pages 229-264.
    12. Olivier J. Blanchard & Giovanni Dell'Ariccia & Paolo Mauro, 2010. "Rethinking Macroeconomic Policy," IMF Staff Position Notes 2010/03, International Monetary Fund.
    13. John B. Taylor, 2007. "Housing and monetary policy," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 463-476.
    14. Wolfram Berger & Friedrich Ki�mer & Helmut Wagner, 2007. "Monetary Policy and Asset Prices: More Bad News for 'Benign Neglect'," International Finance, Wiley Blackwell, vol. 10(1), pages 1-20, 03.
    15. Janet L. Yellen, 2009. "A Minsky meltdown: lessons for central bankers," Speech 70, Federal Reserve Bank of San Francisco.
    16. Buiter, Willem H., 2009. "Reversing unconventional monetary policy: technical and political considerations," CEPR Discussion Papers 7605, C.E.P.R. Discussion Papers.
    17. Caballero, Ricardo & Farhi, Emmanuel & Gourinchas, Pierre-Olivier, 2008. "Financial Crash, Commodity Prices and Global Imbalances," CEPR Discussion Papers 7064, C.E.P.R. Discussion Papers.
    18. Obstfeld, Maurice & Rogoff, Kenneth, 2009. "Global Imbalances and the Financial Crisis: Products of Common Causes," CEPR Discussion Papers 7606, C.E.P.R. Discussion Papers.
    19. Paul R. Krugman, 1998. "It's Baaack: Japan's Slump and the Return of the Liquidity Trap," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 29(2), pages 137-206.
    20. Helmut Wagner, 2007. "Information and Uncertainty in the Theory of Monetary Policy," SUERF Studies, SUERF - The European Money and Finance Forum, number 2007/1 edited by Morten Balling.
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