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The crisis: basic mechanisms, and appropriate policies

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Blanchard, Olivier

IMF

IMF - Washington, DC

2009

22 p.

credit ; economic recession ; financial market ; international ; monetary policy

IMF Working Paper

80

Business economics

www.imf.org

English

Bibliogr.

"The purpose of this lecture is to look beyond the complex events that characterize the global financial and economic crisis, identify the basic mechanisms, and infer the policies needed to resolve the current crisis, as well as the policies needed to reduce the probability of similar events in the future."

Digital



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