Faruqee, Hamid; Scott, Alasdair; Tamirisa, Natalia - In: Oxford Review of Economic Policy 25 (2009) 4, pp. 553-580
This paper looks at macroeconomic factors behind the current crisis. The first part looks at how global macroeconomic trends--including sustained strong growth, low real interest rates, and high saving rates--provided an environment conducive to increased financial risk-taking. The second part...
