Lessons of the Financial Crisis. Council Special Report No. 45..
- 作者： Steil, Benn.
- 出版： New York : Council on Foreign Relations ©2009.
- 主題： Global Financial Crisis, 2008-2009. , Electronic books.
- ISBN： 9780876094327 (electronic bk.)
- URL：
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- 一般註：96年度中區共購共享電子書
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- 系統號： 000277423 | 機讀編目格式
館藏資訊
The current financial and economic crisis is a classic bust of a credit boom, the boom having been fueled by policies whose combined effects were to increase the demand for debt to unsustainable levels. U.S. monetary policy, taxation policy, and home ownership promotion policy were so conducive to credit expansion that the idea, understandably popular in Washington and Brussels, that preventing future such crises can be accomplished simply by waking up regulators "asleep at the switch" is dangerously simplistic. The United States in particular, given that it effectively sets monetary and credit conditions for a significant portion of the global economy, needs to put in place policies that can better discourage, recognize, and curtail a credit boom, and ensure that systemically important financial institutions can withstand its unwinding.
