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Fixing the financial system
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EBook
What G20 leaders must do to stabilise our economy and fix the financial system
Edited by Barry Eichengreen (Berkeley) and Richard Baldwin (Graduate Institute). A VoxEU.org Publication.
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| The book was published just before the G20 Summit on 15 November 2008. Government actions in October prevented a meltdown of the global financial system but the crisis spread to the real economy, with recession moving from advanced countries to emerging markets. Economically and financially there was a clear sense of things spiralling out of control again, as before the G7 meeting. As a consequence, this first-ever meeting of G20 heads of state level was rushed, making it both very unprepared and very important. |
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| In response, Eichengreen and Baldwin assembled leading economists from the G20 countries to provide proposals for the meeting. The authors identified four priorities. |
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• Use additional triage to staunch the financial bleeding and fiscal stimulus to get the patient’s heart pumping again.
• Strengthen existing institutions.
• Start thinking outside the box.
• Do no harm. |
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The book has been downloaded over 17,000 times.
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| The authors: |
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| The authors: Alberto Alesina (Bocconi and MIT), Guido Tabellini (Bocconi), Refet S. Gürkaynak (Bilkent), Michael Spence (Stanford, Nobel winner), Dani Rodrik (Harvard), Willem H. Buiter (LSE), Raghuram Rajan (Chicago, former IMF Chief Economist), Barry Eichengreen (Berkeley), Stijn Claessens (IMF), Daniel Gros (CEPS), Paul De Grauwe (Leuven), Takatoshi Ito (Tokyo), Wendy Dobson (Toronto), Yung Chul Park (Seoul National), Guillermo Calvo (Maryland), Vijay Joshi (Oxford), David Vines (Oxford), Erik Berglöf (EBRD and Stockholm School), Jeromin Zettelmeyer (EBRD), Ernesto Zedillo (Yale, former President of Mexico). |
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| Richard Baldwin |
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Barry Eichengreen |
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| Professor of International Economics, Graduate Institute, Geneva; CEPR Policy Director, and VoxEU.org Editor-in-Chief |
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Professor of Economics and Political Science at the University of California, Berkeley; and formerly Senior Policy Advisor at the International Monetary Fund. CEPR Research Fellow |
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