The crisis
Subtitle: basic mechanisms, and appropriate policies
By: [by] Olivier J. Blanchard
Contributors: Massachusetts Institute of Technology. Dept. of Economics
Series: Working paper series / Massachusetts Institute of Technology, Dept. of Economics -- working paper 09-01; Working paper (Massachusetts Institute of Technology. Dept. of Economics) -- no. 09-01.
Publisher: Massachusetts Institute of Technology, Dept. of Economics
Published: 2009
Place of publication: Cambridge, MA
Language: eng
Number of pages: 33
Description: 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.
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.