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...
Gespeichert in:
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| Weitere Verfasser: | , |
| Format: | Elektronisch Artikel |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2009
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| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | 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. |
| Beschreibung: | 1 Online-Ressource (26 p.) |
| DOI: | 10.1787/fmt-v2008-art10-en |
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| spelling | Blundell-Wignall, Adrian VerfasserIn 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 p.) Text txt rdacontent Computermedien c rdamedia Online-Ressource 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 MitwirkendeR ctb Lee, Se Hoon MitwirkendeR ctb Enthalten in OECD Journal: Financial Market Trends Vol. 2008, no. 2, p. 1-21 volume:2008 year:2008 number:2 pages:1-21 FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/fmt-v2008-art10-en 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_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 | 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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