The Credit Crisis: Conjectures about Causes and Remedies

Douglas Diamond and Raghuram 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)
Date: 2009-02
New Economics Papers: this item is included in nep-cba, nep-fmk, nep-mac and nep-ure
Note: AP CF IFM ME
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (332)

Published as Douglas W. Diamond & Raghuram G. Rajan, 2009. "The Credit Crisis: Conjectures about Causes and Remedies," American Economic Review, American Economic Association, vol. 99(2), pages 606-10, May.

Downloads: (external link)
http://www.nber.org/papers/w14739.pdf (application/pdf)

Related works:
Journal Article: The Credit Crisis: Conjectures about Causes and Remedies (2009)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:14739

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w14739

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().