1.

Record Nr.

UNINA9910788339503321

Autore

Blanchard Olivier

Titolo

The Crisis : : Basic Mechanisms and Appropriate Policies / / Olivier Blanchard

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2009

ISBN

1-4623-4366-X

9786612843013

1-282-84301-X

1-4518-7227-5

1-4519-8525-8

Descrizione fisica

1 online resource (24 p.)

Collana

IMF Working Papers

Soggetti

Economic stabilization

Economic indicators

Accounting

Banks and Banking

Finance: General

Financial Risk Management

Industries: Financial Services

Real Estate

Business Fluctuations

Cycles

Financial Markets and the Macroeconomy

Banks

Depository Institutions

Micro Finance Institutions

Mortgages

Financial Crises

Public Administration

Public Sector Accounting and Audits

General Financial Markets: General (includes Measurement and Data)

Housing Supply and Markets

Finance

Economic & financial crises & disasters

Banking

Financial reporting, financial statements

Property & real estate

Financial crises



Financial statements

Emerging and frontier financial markets

Financial institutions

Public financial management (PFM)

Housing prices

Prices

Financial markets

Banks and banking

Finance, Public

Financial services industry

Housing

United States

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Contents; I. Introduction; Figures; 1. Initial Subprime Losses and Declines in World GDP and World Stock Market Capitalization; II. Initial Conditions; 2. A Visual Sense of the Complexity: From Mortgages to Securities; 3. Connectedness Across Countries: Advanced Economies Banks' Claims on the Rest of the World; III. Amplification Mechanisms; IV. Dynamics in Real Time; 4. Contagion Across Assets, Institutions, and Countries; 5. Counterparty Risk in the Advanced Economies; 6. Bank Lending Standards in the U.S. and the Euro Area; 7. Emerging Market Sovereign Spreads; 8a. Decrease in Stock Prices

8b. Decrease in Business and Consumer ConfidenceV. Policies for the Short Run; 9. Growth Forecasts for 2009.; 10. Counterparty Risk Since September 2008; 11. Emerging Market Sovereign Spreads Since September 2008; VI. Policies to Avoid a Repeat; VII. Conclusions; References

Sommario/riassunto

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.