Post by Sapphire Capital on Feb 18, 2009 9:40:49 GMT 4
Do We Understand It? Forbidden Questions on the Financial Crisis
Franco Bruni
Bocconi University - Department of Economics (ECO)
January 2009
Paolo Baffi Centre Research Paper No. 2009-36
Abstract:
The international economic crisis started during the summer of 2007 in a specific section of the Us financial markets and then spread rapidly everywhere in the financial world and in the global real economy. The desire to understand with precision its causes and consequences is still premature. Reflections, plans and deliberations have started, in an effort to render the world economy more resilient and to prevent new crises, by correcting the rules, the institutions and the behaviours that contributed to the present one. The priority though is the immediate cure of the current turmoil. Financial authorities and operators, politicians and academic economists are still trying to better understand what is happening and where is the heart of the problem.
papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID1336406_code962400.pdf?abstractid=1336406&mirid=1
Franco Bruni
Bocconi University - Department of Economics (ECO)
January 2009
Paolo Baffi Centre Research Paper No. 2009-36
Abstract:
The international economic crisis started during the summer of 2007 in a specific section of the Us financial markets and then spread rapidly everywhere in the financial world and in the global real economy. The desire to understand with precision its causes and consequences is still premature. Reflections, plans and deliberations have started, in an effort to render the world economy more resilient and to prevent new crises, by correcting the rules, the institutions and the behaviours that contributed to the present one. The priority though is the immediate cure of the current turmoil. Financial authorities and operators, politicians and academic economists are still trying to better understand what is happening and where is the heart of the problem.
papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID1336406_code962400.pdf?abstractid=1336406&mirid=1