Lessons of the Financial Crisis:
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 c...
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
New York
Council on Foreign Relations
2009
|
| Series: | Council Special Report
45 |
| Subjects: | |
| Summary: | 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. |
| Physical Description: | IX, 40 S. |
| ISBN: | 9780876094327 |
Staff View
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| geographic | USA United States Economic policy |
| geographic_facet | USA United States Economic policy |
| id | DE-604.BV035566638 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-09T21:40:35Z |
| institution | BVB |
| isbn | 9780876094327 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-017622280 |
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| physical | IX, 40 S. |
| publishDate | 2009 |
| publishDateSearch | 2009 |
| publishDateSort | 2009 |
| publisher | Council on Foreign Relations |
| record_format | marc |
| series | Council Special Report |
| series2 | Council Special Report |
| spelling | Steil, Benn Verfasser aut Lessons of the Financial Crisis Benn Steil New York Council on Foreign Relations 2009 IX, 40 S. txt rdacontent n rdamedia nc rdacarrier Council Special Report 45 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. Bankenaufsicht stw Finanzmarktkrise stw Immobilienfinanzierung stw Subprime-Hypothek stw USA stw Politik Wirtschaftspolitik Credit control United States Finance Government policy United States Finance United States Financial institutions State supervision United States Global Financial Crisis, 2008-2009 USA United States Economic policy Council Special Report 45 (DE-604)BV021484022 45 |
| spellingShingle | Steil, Benn Lessons of the Financial Crisis Council Special Report Bankenaufsicht stw Finanzmarktkrise stw Immobilienfinanzierung stw Subprime-Hypothek stw USA stw Politik Wirtschaftspolitik Credit control United States Finance Government policy United States Finance United States Financial institutions State supervision United States Global Financial Crisis, 2008-2009 |
| title | Lessons of the Financial Crisis |
| title_auth | Lessons of the Financial Crisis |
| title_exact_search | Lessons of the Financial Crisis |
| title_full | Lessons of the Financial Crisis Benn Steil |
| title_fullStr | Lessons of the Financial Crisis Benn Steil |
| title_full_unstemmed | Lessons of the Financial Crisis Benn Steil |
| title_short | Lessons of the Financial Crisis |
| title_sort | lessons of the financial crisis |
| topic | Bankenaufsicht stw Finanzmarktkrise stw Immobilienfinanzierung stw Subprime-Hypothek stw USA stw Politik Wirtschaftspolitik Credit control United States Finance Government policy United States Finance United States Financial institutions State supervision United States Global Financial Crisis, 2008-2009 |
| topic_facet | Bankenaufsicht Finanzmarktkrise Immobilienfinanzierung Subprime-Hypothek USA Politik Wirtschaftspolitik Credit control United States Finance Government policy United States Finance United States Financial institutions State supervision United States Global Financial Crisis, 2008-2009 United States Economic policy |
| volume_link | (DE-604)BV021484022 |
| work_keys_str_mv | AT steilbenn lessonsofthefinancialcrisis |