Are All the Sacred Cows Dead? Implications of the Financial Crisis for Macro- and Financial Policies

Are All the Sacred Cows Dead? Implications of the Financial Crisis for Macro- and Financial Policies

The recent global financial crisis has shaken the confidence of industrial and developing countries alike in the very blueprint of the financial and macropolicies that underlie the Western capitalist systems. In an effort to contain the crisis from spreading, the authorities in the United States and...

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Bibliographic Details
Main Authors: Demirgüç-Kunt, Asli, Servén, Luis
Format: Journal Article
Published: World Bank 2012
Subjects:
asset price
asset prices
capital outflows
creditors
depositors
developing countries
financial crisis
financial institutions
inflation
international bank
liquidity
macroeconomic policies
market discipline
market participants
monetary fund
monetary policy
moral hazard
policy responses
provision of credit
prudential regulation
Online Access:http://hdl.handle.net/10986/4435

Internet

http://hdl.handle.net/10986/4435

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