The Financial Crisis: Lessons for International Macroeconomics
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.
Domaines
Economies et financesFormat du dépôt | Notice |
---|---|
Type de dépôt | Article dans une revue |
Titre |
en
The Financial Crisis: Lessons for International Macroeconomics
|
Résumé |
en
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.
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Auteur(s) |
Matthieu Bussière
1
, Jean Imbs
2, 3
, Robert Kollmann
4, 5
, Romain Rancière
3, 6
1
Banque de France
( 143593 )
- 31 rue Croix des petits champs 75001 Paris
- France
2
CES -
Centre d'économie de la Sorbonne
( 15080 )
- Maison des Sciences Économiques - 106-112 Boulevard de l'Hôpital - 75647 Paris Cedex 13
- France
3
PSE -
Paris School of Economics
( 301309 )
- 48 boulevard Jourdan 75014 Paris
- France
4
ECARES -
European Center for Advanced Research in Economics and Statistics
( 92819 )
- Ave. F.D Roosevelt 42, 1050 - Brussels - Belgium
- Belgique
5
UPEC UP12 -
Université Paris-Est Créteil Val-de-Marne - Paris 12
( 420786 )
- 61 avenue du Général de Gaulle - 94010 Créteil cedex
- France
6
PSE -
Paris-Jourdan Sciences Economiques
( 139754 )
- 48 boulevard Jourdan 75014 Paris
- France
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Numéro |
3
|
Page/Identifiant |
75-84
|
Volume |
5
|
Date de publication |
2013-07
|
Audience |
Non spécifiée
|
Comité de lecture |
Oui
|
Vulgarisation |
Non
|
Langue du document |
Anglais
|
Nom de la revue |
|
Mots-clés (JEL) |
|
Financement |
|
Domaine(s) |
|
Mots-clés |
it
Financial Crisis
|
DOI | 10.1257/mac.5.3.75 |
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