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| Titre : |
Why the US and Europe Have Not Managed Their Economic Crises Properly |
| Type de document : |
document électronique |
| Auteurs : |
Yilmaz Akyüz, Auteur |
| Editeur : |
Genève : South Centre |
| Année de publication : |
18 October 2013 |
| Collection : |
SouthViews num. 80 |
| Langues : |
Anglais (eng) |
| Tags : |
Crise économique Crise financière Europe Etats-Unis Politique monétaire dette |
| Résumé : |
This is the first in a series of articles by the South Centre’s chief economist on the current global economic situation. This first article analyses why the economic policies of the US and Europe have been inappropriate in getting these major economies out of the crisis. The next few articles provide more details of this. Further articles will deal with how the developing countries’ economies are experiencing the adverse spillover effects of these major economies’ policies.
There are two major failings in policy interventions in the crisis in the US and Europe - the reluctance to remove the debt overhang through timely, orderly and comprehensive debt restructuring and the shift to fiscal austerity after an initial reflation. These have resulted in excessive reliance on monetary policy, including non-conventional means. |
| En ligne : |
http://www.southcentre.int/category/publications/southviews/ |
Why the US and Europe Have Not Managed Their Economic Crises Properly [document électronique] / Yilmaz Akyüz, Auteur . - Genève : South Centre, 18 October 2013. - ( SouthViews; 80) . Langues : Anglais ( eng)
| Tags : |
Crise économique Crise financière Europe Etats-Unis Politique monétaire dette |
| Résumé : |
This is the first in a series of articles by the South Centre’s chief economist on the current global economic situation. This first article analyses why the economic policies of the US and Europe have been inappropriate in getting these major economies out of the crisis. The next few articles provide more details of this. Further articles will deal with how the developing countries’ economies are experiencing the adverse spillover effects of these major economies’ policies.
There are two major failings in policy interventions in the crisis in the US and Europe - the reluctance to remove the debt overhang through timely, orderly and comprehensive debt restructuring and the shift to fiscal austerity after an initial reflation. These have resulted in excessive reliance on monetary policy, including non-conventional means. |
| En ligne : |
http://www.southcentre.int/category/publications/southviews/ |
|
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