En cualquier caso, parece que ya algunos economistas empiezan a ver por dónde deben ir las medidas, como indica Mankiw:
There is broad agreement among economists that what the financial system needs right now is not only an injection of liquidity but also a recapitalization. The essence of the current financial crisis is that many firms bet that housing prices would not fall; the prices fell nonetheless; and now these firms have too little capital to perform the crucial function of financial intermediation.Y si vamos más al detalle leemos en Voeux que un grupo de 13 buenos economistas de todo el mundo han reflexionado sobre el tema y llegan a esta conclusión:
Policy makers must move boldly to stabilise the financial system. The basic elements are:
- A quick bank recapitalisation with global coordination
- A guarantee of deposits and/or loans with global coordination
- Further, coordinated macroeconomic stimulus.
All the authors agreed on the first, many on the second and a good number on the third.
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