Credit Crises and the Shortcomings of Traditional Policy Responses
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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Economic downturns which have their roots in preceding credit excesses and debt overhang have tended
historically to be long lasting, whether the financial sector remained healthy or not. There are no good reasons
to believe the current global crisis will be any different. Moreover, it is argued in this paper that the policy
responses to the...
