Tuesday, December 18, 2007

Cecchetti: The "Art" of Crisis Management (amv)

Here our students can find some very interesting and highly relevant FAQs on the subprime crisis and the measures taken up by the monetary authorities worldwide to combat the (I say inescapable) consequences of the most recent crack-up boom. Cecchetti himself gives a perfect account of what he is going to do:
"The financial crisis of 2007 is bringing out the creative side of the worlds central bankers. Finding traditional instruments wanting, they spent the last month or so fashioning new tools and resurrecting old ones. Here are the FAQs on what they did, why and what it might mean."