The crisis
basic mechanisms, and appropriate policies
by Olivier Blanchard
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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. Keywords: financial crisis, credit, liquidity, spreads, leverage. JEL Classifications: E32, E44.
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The crisis: basic mechanisms, and appropriate policies
2009, Massachusetts Institute of Technology, Dept. of Economics
in English
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Published in
Cambridge, MA
Edition Notes
"December 29, 2009."
Includes bibliographical references (leaves 32-33 ).
Abstract in HTML and working paper for download in PDF available via World Wide Web at the Social Science Research Network.
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| August 11, 2020 | Edited by MARC Bot | remove fake subjects |
| May 13, 2011 | Created by ImportBot | initial import |