05962oam 22015254 450 991096008260332120250426110525.097866128430139781462343669146234366X9781282843011128284301X9781451872279145187227597814519852521451985258(CKB)3170000000055221(EBL)1605893(SSID)ssj0000943302(PQKBManifestationID)11505593(PQKBTitleCode)TC0000943302(PQKBWorkID)10975391(PQKB)11678101(OCoLC)586153803(MiAaPQ)EBC1605893(IMF)WPIEE2009080(IMF)WPIEA2009080WPIEA2009080(EXLCZ)99317000000005522120020129d2009 uf 0engur|n|---|||||txtccrThe Crisis : Basic Mechanisms and Appropriate Policies /Olivier Blanchard1st ed.Washington, D.C. :International Monetary Fund,2009.1 online resource (24 p.)IMF Working PapersDescription based upon print version of record.9781451916621 1451916620 Includes bibliographical references.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 Prices8b. 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; ReferencesThe 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.IMF Working Papers; Working Paper ;No. 2009/080Economic stabilizationEconomic indicatorsAccountingimfBankingimfBanks and BankingimfBanks and bankingimfBanksimfBusiness FluctuationsimfCyclesimfDepository InstitutionsimfEconomic & financial crises & disastersimfEmerging and frontier financial marketsimfFinanceimfFinance, PublicimfFinance: GeneralimfFinancial CrisesimfFinancial crisesimfFinancial institutionsimfFinancial Markets and the MacroeconomyimfFinancial marketsimfFinancial reporting, financial statementsimfFinancial Risk ManagementimfFinancial services industryimfFinancial statementsimfGeneral Financial Markets: General (includes Measurement and Data)imfHousing pricesimfHousing Supply and MarketsimfHousingimfIndustries: Financial ServicesimfMicro Finance InstitutionsimfMortgagesimfPricesimfProperty & real estateimfPublic AdministrationimfPublic financial management (PFM)imfPublic Sector Accounting and AuditsimfReal EstateimfUnited StatesimfEconomic stabilization.Economic indicators.AccountingBankingBanks and BankingBanks and bankingBanksBusiness FluctuationsCyclesDepository InstitutionsEconomic & financial crises & disastersEmerging and frontier financial marketsFinanceFinance, PublicFinance: GeneralFinancial CrisesFinancial crisesFinancial institutionsFinancial Markets and the MacroeconomyFinancial marketsFinancial reporting, financial statementsFinancial Risk ManagementFinancial services industryFinancial statementsGeneral Financial Markets: General (includes Measurement and Data)Housing pricesHousing Supply and MarketsHousingIndustries: Financial ServicesMicro Finance InstitutionsMortgagesPricesProperty & real estatePublic AdministrationPublic financial management (PFM)Public Sector Accounting and AuditsReal Estate338.12516Blanchard Olivier133011DcWaIMFBOOK9910960082603321The Crisis4372544UNINA