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- W2181526629 abstract "Five years after the credit crisis of 2008-2009, this paper seeks to evaluate the effectiveness of policy actions taken during the crisis. Our critical framework is based on macroeconomic and financial market evidence in the context of problems cited by the policy makers that enacted policy. We conclude that policy makers did well in that most major metrics have returned to pre-crisis levels and recent trends suggest a return to health. However, systemic risk remains a problem. To the extent that human psychology plays a big role in any crisis, we conclude that financial crises are unavoidable." @default.
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- W2181526629 date "2013-01-01" @default.
- W2181526629 modified "2023-09-27" @default.
- W2181526629 title "THE CREDIT CRISIS: A Policy Critique" @default.
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