What have we learned from the crises of the last 20 years?

Fischer, Stanley, (2015), “What have we learned from the crises of the last 20 years?”, Federalreserve.gov, Ομιλία στο Διεθνές Νομισματικό Συνέδριο του Τορόντο, 1 Ιουνίου

There have been many economic and financial crises since the Mexican crisis that began in December 1994. Michel Camdessus, then Managing Director of the IMF, called the Mexican crisis “the first economic crisis of the twenty first century”–by which he meant that it was the first emerging market country crisis whose immediate roots were more in the capital account than in the current account of the balance of payments.

Σχετικές Αναρτήσεις

• Abbassi, P., Bräuning, F., Fecht, F. & Peydró, J. S. (2015) “Eurozone interbank lending market during the Global and EZ crises“, VoxEU Organisation, 02 Απριλίου.
• Matthieu Bussière, Μ., Cheng, G., Chinn, D. M. & Lisack, N. (2015) “For a few dollars more: Reserves and growth in times of crises“, Journal of International Money and Finance, Vol. 52, Απρίλιος 2015, σελ. 127–145.