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How to Reduce Toxic Waste?

In: Bubbles in Credit and Currency

Author

Listed:
  • Brendan Brown

Abstract

What action, if any, should central banks or related regulatory authorities take when the temperature of major asset or credit markets swings far outside the temperate zone? This question has been a big theme in monetary economics ever since the great boom and bust of the US economy through the 1920s and 1930s, even though the distinction between asset market and credit market heating-up and how to differentiate the policy response (if any) to each has been lost from sight during most of the modern (post-1945) period (up until the credit bubble bursting of 2007–8).

Suggested Citation

  • Brendan Brown, 2008. "How to Reduce Toxic Waste?," Palgrave Macmillan Books, in: Bubbles in Credit and Currency, chapter 5, pages 159-213, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-22768-2_5
    DOI: 10.1057/9780230227682_5
    as

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