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2014 | nr 1 (80) | 126--139
Tytuł artykułu

Response to the global economic crisis: is there a consensus, is it being applied, are the goals of expert's recommendations broad enough to establish a new lasting global stability?

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Treść / Zawartość
Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
The current global crisis and endemic recession, initiated by the bankruptcy of the investment bank Lehman Brothers in 2008, has prompted numerous analyses from experts, politicians and philosophers across the world, presenting their views and offering solutions to end the crisis and prevent its recurrence in the future. In this paper we review some of the root causes of this crisis and related selected policy recommendations advocated by both an insider expert of a financial institution and an outsider expert. In order to judge the feasibility of such policies we juxtapose them and introduce additional ideas from both experts of economic institutions and non-experts. (short original abstract)
Rocznik
Numer
Strony
126--139
Opis fizyczny
Twórcy
autor
  • Instytutu Nauk Ekonomicznych PAN, student
Bibliografia
  • Barnier, M. (2012) European banking union is "necessary and possible", "The Telegraph", 8 September 2012, http://www.telegraph.co.uk/finance/financialcrisis/ 9530593/Michel-Barnier-European-banking-union-is-necessary-and-possible.html
  • Chow, J.T.S., Surti, J., (2011), Making banks safer: Can Volcker and Vickers do it?, "IMF Working Paper" 11/236, www.imf.org/external/pubs/ft/wp/2011/wp11236.pdf
  • Fukao, M., (2009), Global Financial Crisis and Regulatory Reforms, NERO meeting at the OECD in Paris, September 21, http://www.oecd.org/eco/43450591.pdf
  • Hannoun, H. (2010), Toward a Global Financial Stability Framework, 45th SEACEN Governor's Conference, 27 February 2010, Siem Reap Province, Cambodia.
  • Hannoun, H. (2012), Monetary Policy in the Crisis; Testing the Limits of Monetary Policy, 47th SEACEN Governor's Conference, 14 February 2012, Seoul, Korea.
  • Keen, S., (2001), Debunking Economics: The Naked Emperor of the Social Sciences, Pluto Press Australia.
  • McCormack, R., (2012), The Politics and the Economics of the Global Financial Crisis, Center for Strategic and International Studies, 6 July, http://csis.org/publication/ politics-and-economics-global-financial-crisis
  • McKinley, V.P., (2012) Financing Failure: A Century of Bailouts, The Independent Institute.
  • Minsky, H., (1992), The Financial Instability Hypothesis, "The Jerome Levy Economics Institute Working Paper" No. 74. , http://papers.ssrn.com/sol3/papers.cfm?abstract_ id=161024
  • No-Tax 'Zealot' Norquist Emerges as Biggest Barrier to US Deficit Deal, (2011) "Bloomberg", 24 May. www.bloomberg.com/news/.../norquist-emerges-as-barrier-to-u-s-deficit-dealCached
  • Palley, T.I. (2011), Monetary policy and Central Banking after the Crisis: The Implications of Rethinking Macroeconomic Theory, "Intitut für Makroökonomie und Konjunkturforschung Working Paper" 8/2011 http://www.networkideas.org/ featart/oct2011/Thomas_Palley.pdf
  • Palley, T.I. (2011), Explaining global financial imbalances: A critic of the Saving Glut and Reserve Currency hypotheses, "Intitut für Makroökonomie und Konjunkturforschung Working Paper" 13/2011, http://www.boeckler.de/pdf/p_ imk_wp_13_2011.pdf
  • Patnaik, P.,(2008) The present policy and the way forward, speech on the Interactive Panel of the United Nations General Assembly on the Global Financial Crisis, 30 October, United Nations Headquarters, New York
  • Romer, C.D., (2012), Fiscal Policy in the Crisis: Lessons and policy implications, 16 April, http://eml.berkeley.edu/~cromer/Lessons%20for%20Fiscal%20Policy.pdf
  • The Dodd-Frank Wall Street Reform and Consumer Protection Act: Issues and summary, (2010) www.llsdc.org/attachments/files/232/CRS-R41350.pdf
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171288537

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