IDEAS home Printed from https://ideas.repec.org/a/bla/econpa/v28y2009i3p226-238.html
   My bibliography  Save this article

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

Author

Listed:
  • 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
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1759-3441.2009.00034.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1759-3441.2009.00034.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    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.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. 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).
    2. 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.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kellermann, Kersten, 2010. "Too Big To Fail: Ein gordischer Knoten für die Finanzmarktaufsicht?," KOFL Working Papers 6, Konjunkturforschungsstelle Liechtenstein (KOFL), Vaduz.
    2. Tyler Atkinson & David Luttrell & Harvey Rosenblum, 2013. "How bad was it? The costs and consequences of the 2007–09 financial crisis," Staff Papers, Federal Reserve Bank of Dallas, issue Jul.
    3. Pier Carlo Padoan, 2010. "Fiscal Policy in the Crisis: Impact, Sustainability, and Long-Term Implications," Working Papers id:3036, eSocialSciences.
    4. Davig, Troy & Leeper, Eric M. & Walker, Todd B., 2011. "Inflation and the fiscal limit," European Economic Review, Elsevier, vol. 55(1), pages 31-47, January.
    5. Angel Asensio, 2010. "Macroeconomic trouble and policy challenges in the wake of the financial bust," Working Papers halshs-00496921, HAL.
    6. Richard W. Evans & Laurence J. Kotlikoff & Kerk L. Phillips, 2012. "Game Over: Simulating Unsustainable Fiscal Policy," NBER Chapters, in: Fiscal Policy after the Financial Crisis, pages 177-202, National Bureau of Economic Research, Inc.
    7. Augusto Lopez-Claros, 2014. "Fiscal Challenges After the Global Financial Crisis: A Survey of Key Issues," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 5(02), pages 1-34.
    8. Eric M. Leeper & Todd B. Walker, 2012. "Perceptions and Misperceptions of Fiscal Inflation," NBER Chapters, in: Fiscal Policy after the Financial Crisis, pages 255-299, National Bureau of Economic Research, Inc.
    9. Huixin Bi & Eric M. Leeper & Campbell Leith, 2013. "Uncertain Fiscal Consolidations," Economic Journal, Royal Economic Society, vol. 0, pages 31-63, February.
    10. Sokolova, Anna, 2015. "Fiscal limits and monetary policy: default vs. inflation," Economic Modelling, Elsevier, vol. 48(C), pages 189-198.
    11. Kiendrebeogo, Youssouf & Assimaidou, Kossi & Tall, Abdoulaye, 2017. "Social protection for poverty reduction in times of crisis," Journal of Policy Modeling, Elsevier, vol. 39(6), pages 1163-1183.
    12. Sokolova, A., 2014. "Sovereign Risk and Monetary Policy," Journal of the New Economic Association, New Economic Association, vol. 21(1), pages 56-82.
    13. Costel NISTOR & Paolo PANICO & Rozalia NISTOR & Mihaela-Carmen MUNTEAN, 2010. "The American Mortgage Crisis Implications on the international economics evolutions," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 1, pages 299-310.
    14. Metzger, Martina & Taube, Günther, 2010. "The rise of emerging markets' financial market architecture: constituting new roles in the global financial goverancen," MPRA Paper 31433, University Library of Munich, Germany.
    15. Markus Leibrecht & Johann Scharler, 2017. "Financial Crises and the Composition of Public Finances: Evidence from OECD Countries," ICMA Centre Discussion Papers in Finance icma-dp2017-04, Henley Business School, University of Reading.
    16. Sinha, Avik & Balsalobre-Lorente, Daniel & Zafar, Wasif & Saleem, Muhammad Mansoor, 2021. "Analyzing Global Inequality in Access to Energy: Developing Policy Framework by Inequality Decomposition," MPRA Paper 111061, University Library of Munich, Germany, revised 2021.
    17. Zimmermann, Thomas A., 2010. "The dangerous rise of economic interventionism," MPRA Paper 37262, University Library of Munich, Germany.
    18. Debrun, Xavier & Masuch, Klaus & Ferrero, Guiseppe & Vansteenkiste, Isabel & Ferdinandusse, Marien & von Thadden, Leopold & Hauptmeier, Sebastian & Alloza, Mario & Derouen, Chloé & Bańkowski, Krzyszto, 2021. "Monetary-fiscal policy interactions in the euro area," Occasional Paper Series 273, European Central Bank.
    19. Kersten Kellermann, 2011. "Too big to fail: a thorn in the side of free markets," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 38(3), pages 331-349, July.
    20. Ana Vlahović, 2014. "Challenges to the Implementation of a New Framework for Safeguarding Financial Stability," Journal of Central Banking Theory and Practice, Central bank of Montenegro, vol. 3(3), pages 19-52.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:econpa:v:28:y:2009:i:3:p:226-238. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/esausea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.