PPT-Resolving the financial crisis: Are the lessons of the Nord

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. 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. Council . on Economic Education. Laura Ewing/President. 1801 . Allen Parkway. Houston, TX 77019. 713.655.1650. www.economicstexas.org. Economic Misery and Presidential . Elections. and Teaching Financial Crises. Joseph E. Stiglitz. Tsinghua University. March 2008. Profound Lessons Concerning Market Economies. Market economies are not self-regulating . Prone to excesses. With many people suffering in process. . 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. Laura Ewing/President. 1801 Allen Parkway. Houston, TX 77019. 713.655.1650. www.economicstexas.org. . TCEE. Teaches teachers who teach students who are the future of Texas. Provides interesting hands-on lessons that develop critical thinking skills for students in Economics, Social Studies, Math, and Career/Technical Education classes.. 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 . 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. Joseph E. Stiglitz. Tsinghua University. March 2008. Profound Lessons Concerning Market Economies. Market economies are not self-regulating . Prone to excesses. With many people suffering in process. 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. caregivers, and the dedicated researchers seeking to improve their lives. Through the stories of real people, we present the everyday realities and challen 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.