Balancing the Banks
Global Lessons from the Financial Crisis
Dados Bibliográficos
| ID | 9714795 |
|---|---|
| Autores | David Vines (Department of Economics and Balliol College, University of Oxford; Centre for Applied Macroeconomic Analysis, Australian National University; and CEPR, autor correspondente) |
| Ano | 2011 |
| Volume | 121 |
| Fascículo | 550 |
| Páginas | F104-F111 |
| Data de publicação | 2011-02-01 |
| Peer Reviewed | Sim |
| Open Access | Sim |
| Tipo | ARTICLE |
| Periódico | The Economic Journal (JOURNAL) |
| Identificadores do periódico | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Editora | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/j.1468-0297.2010.02417.x |
| OpenAlex | W1949680935 |
| Idioma | EN |
| Citações recebidas | 3 |
| Referências citadas | 5 |
Until three years ago, we were living in the ‘Great Moderation’. Macroeconomic outcomes were unusually good. It is true that the environment was helpful – with a surge of cheap imports from Asia. But macroeconomic policy – built around inflation‐targeting regimes – was apparently also good. And microeconomic policy seemed good too. In particular, light‐touch regulation of the financial sector seemed just what was needed. Then things fell apart. There are now a number of valuable narrative accounts of the global financial crisis, and some piecemeal reforms are underway.1 But what we still need is a clear theoretical analysis of why the crisis happened and a clear theoretical analysis of how best to reform financial regulation. This short book, by three of Europe’s outstanding researchers on the microeconomics of finance, takes a valuable step towards these two objectives.2 But what it does not do – and the authors would agree with this – is explain why there was such a huge macroeconomic magnification of the crisis. Nor does it explain how macroprudential regulation should be reformed to prevent such magnification happening again
Economics · Financial crisis · Financial system · Great Moderation · Inflation (cosmology · Macroeconomics · Monetary policy · Narrative · Banking stability, regulation, efficiency · Economic Theory and Policy · Finance · Global Financial Crisis and Policies
| Obras citantes distintas | 3 |
|---|---|
| Citações por ano | 0,5 |
| Intervalo de citações | 2020 - 2023 (4) |
| Velocidade de citação | historical |
| Altamente citado | Não |
| Tipos de citação | Neutras: 3 |