This book is available to download for free. Click on the main title to download the full book (1.9 MB, 38 pages).

Rescuing our jobs and savings:
What G7/8 leaders can do to solve the global credit crisis

Edited by Barry Eichengreen and Richard Baldwin
A VoxEU.org Publication

Contents

INTRODUCTION

THE G7/8 FINANCE MINISTERS MEETING: AN OPPORTUNITY

REMARKABLE DEGREE OF CONSENSUS: STABILISE THE BANKING SYSTEM

STABILISING THE BANKING SYSTEM: OPTIONS

THE ESSAYS: WHAT G7/8 LEADERS CAN DO TO SOLVE THE GLOBAL CREDIT CRISIS

COORDINATING INTERNATIONAL RESPONSES TO THE CRISIS
Klaus F. Zimmermann

CALMING THE PANIC
Alberto Alesina, Guido Tabellini

HOW TO SAVE THE EUROPEAN BANKING SYSTEM
Daniel Gros

WHAT IS TO BE DONE – AND BY WHOM? FIVE SEPARATE INITIATIVES
Avinash Persaud

WHAT NEXT?
Douglas W. Diamond, Anil K Kashyap, Raghuram G. Rajan

A STRATEGY EMERGES: THE RIGHT POLICIES TO DEAL WITH THE CRISIS
Richard Portes

THE NEED FOR A COMPREHENSIVE AND GLOBAL SOLUTION
Stijn Claessens

THE CONTENT OF COORDINATION
Barry Eichengreen

WHY GOVERNMENT RESPONSES NEED TO BE COMPREHENSIVE AND COORDINATED
Charles Wyplosz

A PROPOSAL TO TACKLE THE CRISIS IN EUROPE
Luigi Guiso, Marco Pagano

GOVERNMENTS SHOULD BUY STRAIGHT PREFERRED STOCK IN THEIR BANKS
Charles Calomiris

AN EFFICIENT RESCUE PLAN
Roger Craine

THE WRONG FINANCIAL CRISIS

J. Bradford DeLong

WHAT EUROPE SHOULD DO IN THE SHADOW OF THE FINANCIAL MELTDOWN
Michael Burda

NO MORE DITHERING
Angel Ubide