LEADER 05962oam 22015254 450 001 9910960082603321 005 20250426110525.0 010 $a9786612843013 010 $a9781462343669 010 $a146234366X 010 $a9781282843011 010 $a128284301X 010 $a9781451872279 010 $a1451872275 010 $a9781451985252 010 $a1451985258 035 $a(CKB)3170000000055221 035 $a(EBL)1605893 035 $a(SSID)ssj0000943302 035 $a(PQKBManifestationID)11505593 035 $a(PQKBTitleCode)TC0000943302 035 $a(PQKBWorkID)10975391 035 $a(PQKB)11678101 035 $a(OCoLC)586153803 035 $a(MiAaPQ)EBC1605893 035 $a(IMF)WPIEE2009080 035 $a(IMF)WPIEA2009080 035 $aWPIEA2009080 035 $a(EXLCZ)993170000000055221 100 $a20020129d2009 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 14$aThe Crisis : $eBasic Mechanisms and Appropriate Policies /$fOlivier Blanchard 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2009. 215 $a1 online resource (24 p.) 225 1 $aIMF Working Papers 300 $aDescription based upon print version of record. 311 08$a9781451916621 311 08$a1451916620 320 $aIncludes bibliographical references. 327 $aContents; 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 327 $a8b. 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 330 3 $aThe purpose of this lecture is to look beyond the complex events that characterize the global financial and economic crisis, identify the basic mechanisms, and infer the policies needed to resolve the current crisis, as well as the policies needed to reduce the probability of similar events in the future. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2009/080 606 $aEconomic stabilization 606 $aEconomic indicators 606 $aAccounting$2imf 606 $aBanking$2imf 606 $aBanks and Banking$2imf 606 $aBanks and banking$2imf 606 $aBanks$2imf 606 $aBusiness Fluctuations$2imf 606 $aCycles$2imf 606 $aDepository Institutions$2imf 606 $aEconomic & financial crises & disasters$2imf 606 $aEmerging and frontier financial markets$2imf 606 $aFinance$2imf 606 $aFinance, Public$2imf 606 $aFinance: General$2imf 606 $aFinancial Crises$2imf 606 $aFinancial crises$2imf 606 $aFinancial institutions$2imf 606 $aFinancial Markets and the Macroeconomy$2imf 606 $aFinancial markets$2imf 606 $aFinancial reporting, financial statements$2imf 606 $aFinancial Risk Management$2imf 606 $aFinancial services industry$2imf 606 $aFinancial statements$2imf 606 $aGeneral Financial Markets: General (includes Measurement and Data)$2imf 606 $aHousing prices$2imf 606 $aHousing Supply and Markets$2imf 606 $aHousing$2imf 606 $aIndustries: Financial Services$2imf 606 $aMicro Finance Institutions$2imf 606 $aMortgages$2imf 606 $aPrices$2imf 606 $aProperty & real estate$2imf 606 $aPublic Administration$2imf 606 $aPublic financial management (PFM)$2imf 606 $aPublic Sector Accounting and Audits$2imf 606 $aReal Estate$2imf 607 $aUnited States$2imf 615 0$aEconomic stabilization. 615 0$aEconomic indicators. 615 7$aAccounting 615 7$aBanking 615 7$aBanks and Banking 615 7$aBanks and banking 615 7$aBanks 615 7$aBusiness Fluctuations 615 7$aCycles 615 7$aDepository Institutions 615 7$aEconomic & financial crises & disasters 615 7$aEmerging and frontier financial markets 615 7$aFinance 615 7$aFinance, Public 615 7$aFinance: General 615 7$aFinancial Crises 615 7$aFinancial crises 615 7$aFinancial institutions 615 7$aFinancial Markets and the Macroeconomy 615 7$aFinancial markets 615 7$aFinancial reporting, financial statements 615 7$aFinancial Risk Management 615 7$aFinancial services industry 615 7$aFinancial statements 615 7$aGeneral Financial Markets: General (includes Measurement and Data) 615 7$aHousing prices 615 7$aHousing Supply and Markets 615 7$aHousing 615 7$aIndustries: Financial Services 615 7$aMicro Finance Institutions 615 7$aMortgages 615 7$aPrices 615 7$aProperty & real estate 615 7$aPublic Administration 615 7$aPublic financial management (PFM) 615 7$aPublic Sector Accounting and Audits 615 7$aReal Estate 676 $a338.12516 700 $aBlanchard$b Olivier$0133011 801 0$bDcWaIMF 906 $aBOOK 912 $a9910960082603321 996 $aThe Crisis$94372544 997 $aUNINA