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How to deal with the US financial crisis at no cost to the taxpayer

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  • Hillinger, Claude

Abstract

I discuss briefly the crisis itself and then give some criteria that should be used in evaluating any policy proposed o deal with it. This is followed by a critical discussion of some of the policy measures that have been suggested. Finally, I give a list of proposals, that I believe best satisfy the stated criteria. In contrast to almost all of the proposals that have been made, mine involve no bailout of the financial sector with public funds.

Suggested Citation

  • Hillinger, Claude, 2008. "How to deal with the US financial crisis at no cost to the taxpayer," Discussion Papers in Economics 6929, University of Munich, Department of Economics.
    • Handle: RePEc:lmu:muenec:6929
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    File URL: https://epub.ub.uni-muenchen.de/6929/1/Crisis.pdf
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    References listed on IDEAS

    as
    1. Edlin Aaron S., 2008. "Quashing the Financial Firestorm," The Economists' Voice, De Gruyter, vol. 5(5), pages 1-5, October.
    2. Barton Allen H, 2008. "Letter: Another Take on "Why Paulson is Wrong"," The Economists' Voice, De Gruyter, vol. 5(5), pages 1-2, September.
    3. Dix Manfredo A, 2008. "Letter: The Dangers of Forgetting Moral Hazard," The Economists' Voice, De Gruyter, vol. 5(5), pages 1-2, October.
    4. Leamer Edward E, 2008. "Please Think This Over," The Economists' Voice, De Gruyter, vol. 5(5), pages 1-5, September.
    5. Ausubel Lawrence M & Cramton Peter, 2008. "Auction Design Critical for Rescue Plan," The Economists' Voice, De Gruyter, vol. 5(5), pages 1-3, September.
    6. Stiglitz Joseph, 2008. "We Aren't Done Yet: Comments on the Financial Crisis and Bailout," The Economists' Voice, De Gruyter, vol. 5(5), pages 1-4, September.
    7. Beim David O, 2008. "Good Bailouts and Bad," The Economists' Voice, De Gruyter, vol. 5(5), pages 1-2, September.
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    Cited by:

    1. Hillinger, Claude, 2010. "The crisis and beyond: Thinking outside the box," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 4, pages 1-61.

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    Keywords

    financial crisis;

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