The impact of the 2001 financial crisis and the economic policy responses on the Argentine mortgage market

2005 ◽  
Vol 14 (3) ◽  
pp. 242-270 ◽  
Author(s):  
Sumit Agarwal ◽  
Souphala Chomsisengphet ◽  
Olivier Hassler
Keyword(s):  
Economic Policy ◽  
Financial Crisis ◽  
Mortgage Market ◽  
Policy Responses ◽  
The Impact

scholarly journals A Decade After the Global Financial Crisis: Lessons and Policy for International Stability

2020 ◽  
Vol 11 (2) ◽  
pp. 416
Author(s):  
Anjali Karol
Keyword(s):  
Financial Crisis ◽  
Economic Integration ◽  
Global Financial Crisis ◽  
Financial Security ◽  
Policy Responses ◽  
The Great Depression ◽  
International Stability ◽  
The Global Financial Crisis ◽  
The Impact ◽  
Global Financial System

The Global Financial Crisis of 2007-09 has been the most severe global shock after the Great Depression of the 1930s. A crisis of this order has changed the outlook on international socio-economic integration and concerns on financial security and global polity. As we are a decade after the crisis, it is instinctively imperative to relook and analyse the lessons learnt and the policy responses that helped ease the crisis. This paper is an attempt in that direction. Research over the years suggests that global financial system has evolved into a more innocuous network at limited unintended costs. Globally policy regulations have tightened to lessen the impact of future crises and today most countries have some form of macro-prudential surveillance.

From Wall Street to Main Street: The Financial Crisis in the US

2009 ◽  
Vol 34 (3) ◽  
pp. 15-24
Author(s):  
Douglas Young
Keyword(s):  
Financial Crisis ◽  
Financial System ◽  
Mortgage Market ◽  
Wall Street ◽  
Policy Responses ◽  
Main Street ◽  
The Us ◽  
Boom And Bust ◽  
Three Stages ◽  
Real Estate Prices

What caused the ‘meltdown’ in the US financial markets? In this transcribed version of his talk delivered at IIMA, Douglas Young explores the variety of factors that influenced the housing boom and bust and discusses how that affected the household saving behaviour and the behaviour of lenders in the mortgage market, ultimately culminating into a financial crisis. The factors which led to the crisis include public policy, financial innovation, and just plain ‘bubble mania’ – the belief that real estate prices would just keep on rising forever. The policy responses are in three stages – (a) prevention of a collapse in the financial system; (b) Economic Stimulus and Recovery Act in place to cut taxes, increase infrastructure spending, etc., and (c) regulatory reforms for the financial system. The consequences of financial crisis for the Wall Street, Main Street, and India are also discussed.

Sign in / Sign up

Export Citation Format

Share Document