1.

Record Nr.

UNINA9910960082603321

Autore

Blanchard Olivier

Titolo

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

Pubbl/distr/stampa

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

ISBN

9786612843013

9781462343669

146234366X

9781282843011

128284301X

9781451872279

1451872275

9781451985252

1451985258

Edizione

[1st ed.]

Descrizione fisica

1 online resource (24 p.)

Collana

IMF Working Papers

Disciplina

338.12516

Soggetti

Economic stabilization

Economic indicators

Accounting

Banking

Banks and Banking

Banks and banking

Banks

Business Fluctuations

Cycles

Depository Institutions

Economic & financial crises & disasters

Emerging and frontier financial markets

Finance

Finance, Public

Finance: General

Financial Crises

Financial crises

Financial institutions

Financial Markets and the Macroeconomy

Financial markets

Financial reporting, financial statements

Financial Risk Management



Financial services industry

Financial statements

General Financial Markets: General (includes Measurement and Data)

Housing prices

Housing Supply and Markets

Housing

Industries: Financial Services

Micro Finance Institutions

Mortgages

Prices

Property & real estate

Public Administration

Public financial management (PFM)

Public Sector Accounting and Audits

Real Estate

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.