PPT-POST FINANCIAL CRISIS:

Options for SIDS amp emerging economies Joseph E Stiglitz February 9 2011 A Brief Review of the Global Economic Landscape Weve pulled back from the brink on which were poised in the fall of 2008. By: Hong Lai. Sylvia . Zheng. Discussion Topics. Background Information. Greece’s Imports and Exports. Causes of Financial Crisis. Financial Crisis in Greece. How Greece Financial Crisis Affect Other Countries. by. Claudio Borio, Bent Vale and Goetz von Peter*. Norges Bank conference: . Government intervention and moral hazard in the financial sector. . 2 to 3 September 2010. * . Claudio Borio and Goetz von Peter are, respectively, Head of Research and Policy Analysis and Economist at the BIS. Bent Vale is Assistant Director at the Norges Bank. The views expressed are those of the authors and not necessarily those of the BIS or the Norges Bank. The Financial Crisis: Who . 4 Lectures. . 1. The financial crisis of 2007-09. 2. How banking regulation is changing. 3. The euro area crisis and the Italian economy. 4. The new European governance, the ECB monetary policy and theBanking Union. . Jamil. . Salmi. OECD Conference. 29-30 June 2009. 2. outline of the presentation.... importance of . tertiary education for development. impact of the financial crisis. the way forward. 3. solid evidence from the OECD. Homework: P. 591 #1. Financial System 101. Channels . funds from borrowers to lenders. . Maturity transformation. . Pools . risk for those who are risk averse. . Allows for diversification.. Equity . by. Claudio Borio, Bent Vale and Goetz von Peter*. Norges Bank conference: . Government intervention and moral hazard in the financial sector. . 2 to 3 September 2010. * . Claudio Borio and Goetz von Peter are, respectively, Head of Research and Policy Analysis and Economist at the BIS. Bent Vale is Assistant Director at the Norges Bank. The views expressed are those of the authors and not necessarily those of the BIS or the Norges Bank. Dean Baker, Co-Director. Center for Economic and Policy Research. April 13. , 2012. Key Points on the Economic Crisis . The main cause was the collapse of the $8 trillion housing bubble. The financial crisis was secondary. PANDEMONIUM IN THE MARKETS. DEVASTATION. SAN FRANCISCO EARTHQUAKE. Shortly after 5 a.m. on April 18, a 7.8-magnitude quake, unleashed offshore, shook the city for just less than a minute.. EVENTS IN 1906. October 16, 2010. House prices rose rapidly from 2000 to 2006. Subprime mortgages expanded rapidly as well. Increase in house prices slowed down in 2007. Households with excessive debt began to face problems. Joseph E. Stiglitz. March 2009. A Deep and Prolonged Downturn. The first truly global downturn of the modern era of globalization. Downturn in the U.S. will be the most severe since the Great Depression. October 16, 2010. House prices rose rapidly from 2000 to 2006. Subprime mortgages expanded rapidly as well. Increase in house prices slowed down in 2007. Households with excessive debt began to face problems. Dean Baker, Co-Director. Center for Economic and Policy Research. April 13. , 2012. Key Points on the Economic Crisis . The main cause was the collapse of the $8 trillion housing bubble. The financial crisis was secondary. Leeds University Business School . Developing Countries in the Global Financial Crisis: A Minskyan Account. Motivation. Outline. Neoclassical Models of Financial (Foreign Exchange) Crisis . Post Keynesian Theories of Financial Crisis.