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1929-1990-2008 : les leçons des crises passées face à la crise actuelle

Author

Listed:
  • Pierre-Noël Giraud

    (CERNA i3 - Centre d'économie industrielle i3 - Mines Paris - PSL (École nationale supérieure des mines de Paris) - PSL - Université Paris Sciences et Lettres - I3 - Institut interdisciplinaire de l’innovation - CNRS - Centre National de la Recherche Scientifique)

Abstract

1929-1990-2008: Lessons from Past CrisesLessons can be drawn from past crises - the 1929 krach, the Japanese crisis of the 1990s - for current national economic policies. Policymakers must be aware of the seriousness of liquidity crises that threaten the economy. To avoid them, the financial system must be cleaned up, and fiscal policies supporting economic growth must be developed. There is also a need for international coordination, especially concerning reforms in the financial system, that should address the main dilemma: allowing the free flow of capital or setting barriers against it.

Suggested Citation

  • Pierre-Noël Giraud, 2009. "1929-1990-2008 : les leçons des crises passées face à la crise actuelle," Post-Print hal-00842552, HAL.
    • Handle: RePEc:hal:journl:hal-00842552
    DOI: 10.3917/pe.092.0367
    as

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