00726nam a2200109Ia 4500 Machinea, José Luis The international financial crisis : its nature and the economic policy challenges 2009 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 A 34636 34636 0 0 0 0 CRCM CRCM 2023-05-08 0 0000000028650 2023-05-08 00:00:00 2023-05-08 A