The current financial crisis: Causes and policy issues
This article treats some ideas and issues that are part of ongoing reflection at the OECD. They were first raised in a major research article for the Reserve Bank of Australia conference in July 2008, and benefited from policy discussion in and around that conference. One fundamental cause of the cr...
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| Main Author: | |
|---|---|
| Other Authors: | , |
| Format: | Electronic Book Chapter |
| Language: | English |
| Published: |
Paris
OECD Publishing
2009
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| Subjects: | |
| Online Access: | DE-384 DE-473 DE-824 DE-29 DE-739 DE-355 DE-20 DE-1028 DE-1049 DE-521 DE-861 DE-898 DE-92 DE-91 DE-573 DE-19 Volltext |
| Summary: | This article treats some ideas and issues that are part of ongoing reflection at the OECD. They were first raised in a major research article for the Reserve Bank of Australia conference in July 2008, and benefited from policy discussion in and around that conference. One fundamental cause of the crisis was a change in the business model of banking, mixing credit with equity culture. When this model was combined with complex interactions from incentives emanating from macro policies, changes in regulations, taxation, and corporate governance, the current crisis became the inevitable result. The paper points to the need for far-reaching reform for a more sustainable situation in the future |
| Physical Description: | 1 Online-Ressource (26 Seiten) |
| DOI: | 10.1787/fmt-v2008-art10-en |
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| spelling | Blundell-Wignall, Adrian Verfasser aut The current financial crisis Causes and policy issues Adrian Blundell-Wignall, Paul Atkinson and Se Hoon Lee Paris OECD Publishing 2009 1 Online-Ressource (26 Seiten) txt rdacontent c rdamedia cr rdacarrier This article treats some ideas and issues that are part of ongoing reflection at the OECD. They were first raised in a major research article for the Reserve Bank of Australia conference in July 2008, and benefited from policy discussion in and around that conference. One fundamental cause of the crisis was a change in the business model of banking, mixing credit with equity culture. When this model was combined with complex interactions from incentives emanating from macro policies, changes in regulations, taxation, and corporate governance, the current crisis became the inevitable result. The paper points to the need for far-reaching reform for a more sustainable situation in the future Finance and Investment Atkinson, Paul ctb Lee, Se Hoon ctb https://doi.org/10.1787/fmt-v2008-art10-en Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Blundell-Wignall, Adrian The current financial crisis Causes and policy issues Finance and Investment |
| title | The current financial crisis Causes and policy issues |
| title_auth | The current financial crisis Causes and policy issues |
| title_exact_search | The current financial crisis Causes and policy issues |
| title_exact_search_txtP | The current financial crisis Causes and policy issues |
| title_full | The current financial crisis Causes and policy issues Adrian Blundell-Wignall, Paul Atkinson and Se Hoon Lee |
| title_fullStr | The current financial crisis Causes and policy issues Adrian Blundell-Wignall, Paul Atkinson and Se Hoon Lee |
| title_full_unstemmed | The current financial crisis Causes and policy issues Adrian Blundell-Wignall, Paul Atkinson and Se Hoon Lee |
| title_short | The current financial crisis |
| title_sort | the current financial crisis causes and policy issues |
| title_sub | Causes and policy issues |
| topic | Finance and Investment |
| topic_facet | Finance and Investment |
| url | https://doi.org/10.1787/fmt-v2008-art10-en |
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