期刊名称:Hacienda Pública Española. Revista de Economía Pública
印刷版ISSN:0210-1173
出版年度:2009
卷号:2009
期号:190
出版社:Ministerio de Hacienda, Instituto de Estudios Fiscales
摘要:The financial turmoil, which began in the summer of 2007, has developed into one of the most disrup-
tive financial and economic crisis experienced by the world in many decades. At the root of the crisis
we find a combination of macroeconomic imbalances and microeconomic factors, including market
failures and deficiencies in the design of regulatory and supervisory frameworks. This article analyses
the underlying causes which contributed to the crisis and reviews the key measures adopted by public
authorities to mitigate its effects as well as some of the lessons learned to make the international finan-
cial markets more resilient.
关键词:Market failures, financial crisis, public policies, ECB