PPT-The Financial Crisis Class 3- The Crash

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. What is Crisis?. Crisis is a fast pace debate style in which delegates can commit actions which have both repercussions and rewards. In crisis there is no speakers’ list—instead, it’s a perpetual moderated caucus with frequent unmoderated caucuses occurring. 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. . 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. 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. What were the contributing factors to the financial crisis?. How did the crisis begin?. What did the government do in response?. We focused mostly on big pictures. Discussion so far…. Dictionary definition: “financial instrument whose value is derived from one or more other underlying assets”. November 6, 2010. We talked about the economic side of things. Macro: The housing bubble, the stock market crash, and . gov’t. response. Micro: What derivatives are and the role they played in the crisis.. 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.