The Credit Crisis: Conjectures about Causes and Remedies

Douglas W. Diamond and Raghuram G. Rajan

No 14739, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: What caused the financial crisis that is sweeping across the world? What keeps asset prices and lending depressed? What can be done to remedy matters? While it is too early to arrive at definite answers to these questions, it is certainly time to offer informed conjectures, and these are the focus of this paper.

JEL-codes: E52 F33 G21 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cba, nep-fmk, nep-mac and nep-ure
Date: 2009-02
Note: AP CF IFM ME
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Journal Article: The Credit Crisis: Conjectures about Causes and Remedies (2009)
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