Categories
Uncategorized

Crisis containment: too little, too late

CES Ifo’s latest quarterly Forum has just appeared with a special issue on the financial crisis with articles by Hans Werner Sinn, Barry Eichengreen, Martin Hellwig, and yours truly, among others.

Download it free at http://www.ifo.de/portal/page/portal/ifoHome/b-publ/b2journal/30publforum.

My piece develops the argument that containment and resolution policy started too slowly and emphasized liquidity rather than solvency issues.  True of Ireland as elsewhere.  Only now are some of us coming to terms with this.