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The international financial crisis : its nature and the economic policy challenges

By:

Machinea, José Luis

Material type: Text

TextPublication details: 2009Action note:

2/8/10 JOYD

Summary: Discusses the origins of the international financial crisis, emphasizing the instability of the financial system as a leading cause. Argues that the function of controlling excessive asset price rises is one for regulatory policy, rather than interest rates. Analyzes the effects of the international crisis on the current accounts of the region's countries and the difficulty of applying countercyclical policies in the absence of a global lender.

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Item type	Current library	Status	Barcode
Analytic	CARICOM Documentation Centre	Available	0000000028650

Discusses the origins of the international financial crisis, emphasizing the instability of the financial system as a leading cause. Argues that the function of controlling excessive asset price rises is one for regulatory policy, rather than interest rates. Analyzes the effects of the international crisis on the current accounts of the region's countries and the difficulty of applying countercyclical policies in the absence of a global lender.

2/8/10 JOYD

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