Averting Financial Crises: Advice from Classical Economists

Thomas M. Humphrey

Econ Focus, 2014, issue 4Q, 5-9

Abstract: Editor's Note: The story of how central banks handled the global financial crisis in 2007-2008 is now familiar: They bent the traditional rules of lending to provide emergency funds to a wide array of institutions that lacked short-term financing, hoping to keep the institutions alive and minimize recession and job loss.

Date: 2014
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