The financial crisis of 2007-8 and its macroeconomic consequences / Joseph E. Stiglitz -- Sub-prime finance: yes, we are still in Kansas / Gerard Caprio, Jr. -- Background considerations to a re-regulation of the US financial system: third time a charm? Or strike three? / Jan Kregel -- Responding to the crisis / Joseph E. Stiglitz -- Central banks, liquidity, and the banking crisis / Philip Turner -- Agenda and criteria for financial regulatory reform / Jane D'Arista, Stephany Griffith-Jones -- The role of policy and banking supervision in the light of the credit crisis / Avinash D. Persaud -- How, if at all, should credit rating agencies (CRAs) be regulated? / C. A. E. Goodhart -- Credit default swaps: the key to financial reform / Perry Mehrling -- Governing the global regulatory system / Marion Williams -- The management of capital flows and financial vulnerability in Asia / Yilmaz Akyüz -- Regulation of the financial sector in developing countries: lessons from the 2008 financial crisis / Y. V. Reddy -- Economic development and the international financial system / Roberto Frenkel, Martin Rapetti -- The accumulation of international reserves as a defense strategy / Fernando J. Cardim de Carvalho -- Reforming the global reserve system / José Antonio Ocampo -- A modest proposal for international monetary reform / Bruce Greenwald, Joseph E. Stiglitz.
Summary:
This text addresses the 2008 financial crisis originating in developed countries that will have a major impact on developing countries, as it spreads globally. It discusses the underlying reasons behind the crisis and suggests solutions that can help prevent such a crisis in the future.
This resource is supported by the Institute of Museum and Library Services under the provisions of the Library Services and Technology Act as administered by State Library of Iowa.