The International Monetary Fund published December 29th, 2008 a staff position note named Fiscal Policy for the Crisis. The document, among other things, reviews five case studies of fiscal policy during financial crisis featuring the Great Depression, the Banking Crisis in Japan in 1997, the Economic Crisis in Korea in 1997, the Savings and Loan (S&L) Crisis in the US (1980s–1990s) and the Nordic Banking and Economic Crises.
Lessons from history are thought usually helpful for assessing market situations. Take your time to review.
Antonio Spilimbergo, Steve Symansky, Olivier Blanchard,and Carlo Cottarelli
806K PDF, 38 pages
Jan 17, 2009
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