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- handle: 10670/1.qehfhf
- halshs: halshs-00847340
- doi: 10.1257/mac.5.3.75
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info:eu-repo/semantics/altIdentifier/doi/10.1257/mac.5.3.75
Mots-clés
Financial Crisis G - Financial Economics/G.G2 - Financial Institutions and Services/G.G2.G28 - Government Policy and Regulation G - Financial Economics/G.G2 - Financial Institutions and Services/G.G2.G21 - Banks • Depository Institutions • Micro Finance Institutions • Mortgages G - Financial Economics/G.G0 - General/G.G0.G01 - Financial Crises F - International Economics/F.F1 - Trade/F.F1.F14 - Empirical Studies of Trade E - Macroeconomics and Monetary Economics/E.E4 - Money and Interest Rates/E.E4.E44 - Financial Markets and the Macroeconomy E - Macroeconomics and Monetary Economics/E.E3 - Prices, Business Fluctuations, and Cycles/E.E3.E32 - Business Fluctuations • CyclesSujets proches
Article Financial intermediaries Lending institutions TradeCiter ce document
Matthieu Bussière et al., « The Financial Crisis: Lessons for International Macroeconomics », HAL-SHS : économie et finance, ID : 10.1257/mac.5.3.75
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Résumé
This article introduces a special section of the American Economic Journal: Macroeconomics, containing five papers presented during a conference in Paris in October 2011. The aim of the conference was to derive lessons from the financial crisis, for research on international macroeconomics and for policy. The article opens with a summary of the key mechanisms at play during the crisis. The question of the crisis transmission across borders is addressed, with a focus on international trade and financial institutions. Recent advances in the analysis of sovereign default risk are also discussed. The article concludes with a discussion of policy responses to the crisis.