Thoughts about the Subprime Crisis

Barry Eichengreen

Economia politica, 2008, issue 2, 265-282

Abstract: This paper provides reflects on various aspects of the subprime crisis. It asks why events originating in such a small corner of U.S. financial markets could exercise such dramatic effects. It explores what to do now - both in the short run, when the markets and the macroeconomy require stabilization, and in the longer run, when there will be a need for regulatory reform.

Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:mul:jb33yl:doi:10.1428/27394:y:2008:i:2:p:265-282

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