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The Global Financial Crisis of 2007–2009 – An Australian Perspective

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  • Saul Eslake

Abstract

The global financial crisis was not wholly caused by ‘greed’ or ‘market fundamentalism’ but had many causes. Fortunately, governments and central banks have absorbed the lessons of mistakes made in the 1930s. Australian policy responses to the crisis have been particularly effective, although we cannot afford to be complacent.

Suggested Citation

  • Saul Eslake, 2009. "The Global Financial Crisis of 2007–2009 – An Australian Perspective," Economic Papers, The Economic Society of Australia, vol. 28(3), pages 226-238, September.
    • Handle: RePEc:bla:econpa:v:28:y:2009:i:3:p:226-238
    DOI: 10.1111/j.1759-3441.2009.00034.x
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    References listed on IDEAS

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    1. International Monetary Fund, 2009. "Fiscal Implications of the Global Economic and Financial Crisis," IMF Staff Position Notes 2009/013, International Monetary Fund.
    2. International Monetary Fund, 2009. "Fiscal Implications of the Global Economic and Financial Crisis," IMF Occasional Papers 2009/002, International Monetary Fund.
    3. International Monetary Fund, 2009. "Fiscal Implications of the Global Economic and Financial Crisis," IMF Staff Position Notes 2009/13, International Monetary Fund.
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    Cited by:

    1. Paul Gerrans, 2012. "Retirement savings investment choices in response to the global financial crisis: Australian evidence," Australian Journal of Management, Australian School of Business, vol. 37(3), pages 415-439, December.
    2. Kuehnle, Daniel, 2019. "How effective are pictorial warnings on tobacco products? New evidence on smoking behaviour using Australian panel data," Journal of Health Economics, Elsevier, vol. 67(C).

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