L’entrée dans le 21e siècle ?
Edited By Vincent Dujardin, Yves De Cordt, Rafael Costa and Virginie de Moriamé
Il apparaît, au vu des multiples facettes d’une problématique aussi complexe, que l’analyse de la crise financière et de ses conséquences appelle une approche interdisciplinaire. Cet ouvrage relève ce défi et rassemble les contributions d’économistes, de juristes, de politologues, d’historiens et de spécialistes du monde des médias qui ont accepté de débattre ensemble du sujet lors d’un colloque tenu à Louvain-la-Neuve les 7 et 8 mai 2009.
PREMIERE PARTIE: MISE EN PERSPECTIVE DE LA CRISE ECONOMIQUE ET FINANCIERE DE 2008-2009
PREMIERE PARTIE MISE EN PERSPECTIVE DE LA CRISE ECONOMIQUE ET FINANCIERE DE 2008-2009 The Specificity of the Current Crisis Alexandre LAMFALUSSY' There can be no doubt that we are in the midst of the most severe financial crisis since the nineteen thirties, with repercussions on the "real" economy which, in terms of output and employment losses, are more severe than anything we have witnessed since the end of the war. lt is with this observation in mind that 1 would like to share with you some thoughts on our prospects for getting out of our predicament, and at the same time put in place reforms that would enhance our crisis resistance ability for the future. But 1 do this with a great deal of humility — because almost every day throws up new pieces of informa- tion, which trigger new questions requiring new answers. As 1 have been repeatedly saying over the past few years, we are navigating in waters uncharted by reliable historical evidence. Let me begin by a sort of personal "examen de conscience". The 2001 Report by the Committee of Wise Men on the Regulation of European Securities Markets respected the mandate received from ECOFIN not to discuss prudential matters. This was to some extent, but not entirely, justified by the fact that we were dealing with the regulatory process for the securities markets where the focus of regulation was not predominantly on prudential matters. The rest of the financial industry, notably the banks, were drawn into the...
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