monetarist theories to the test of the financial crisis
by Maya Bacache-Beauvallet [24-10-2008]
The crisis facing the world since 2008 still poses many puzzles. How did we get here, so that mechanisms seem relatively simple and could have been anticipated? This crisis does mark the failed monetary policies of the 1980s and is this the return of Keynesian stimulus package? The Paris School of Economics organized a great seminar involving eight specialists of the crisis, and academic professionals to inform the debate. Video clips.
elements of the financial crisis began to be known: the search for home ownership, reckless lending to households not creditworthy, securitization and distribution in the economy riskier loans or insolvent, the market downturn U.S. housing and snowball effect of lack of trust between financial officers and in particular among banks and interbank lending drying up of credit in the economy. The crisis facing the world since 2008 still poses many puzzles: mechanisms seem relatively simple therefore anticipated, then why did we get here? This crisis is comparable to that of 1929 or this Does specificities? Brand Does the failure of the monetary policies of the 1980s and in particular the independence of the central bank and its purpose? What are the ways of resolving the crisis and assists does one return of Keynesian stimulus package? To inform the debate, the Paris School of Economics organized a seminar bringing together eight outstanding specialists of the crisis, and academic professionals.
The financial crisis and the future of the financial system , Organized at the Paris School of Economics October 14, 2008.
Summary of interventions:
Bourguigon François, Paris School of Economics (EEP)
David Naude , Deutsche Bank
Fabrizio Coricelli , Paris 1, CEPR and CES
Andre Orlean , EHESS and PSE
Gunther Capelle-Blancard , Paris 1, CES
Paul Besson, Trading in Hedge Fund Industry
Gabrielle Demange, EHESS and EEP
Olivier Godechot , MHC
Philippe Martin, Paris 1, CEPR and CES.
Bourguigon François, Paris School of Economics (EEP)
David Naude (Deutsche Bank)
Fabrizio Coricelli (Paris 1, CEPR and CES)
Andre Orlean (EHESS and PSE)
Gunther Cappelle-Blancard (Paris 1,CES)
Paul Besson (Trading in Hedge Fund Industry)
Gabrielle Demange (EEP et EHESS)
Olivier Godechot (CMH)
Philippe Martin (Paris 1, CEPR and CES)
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