The Credit Crisis: The Quest for Stability and Reform
Author(s): Corrigan, E. Gerald
Veteran financial participant Gerald Corrigan outlines the causes of the current financial crises and suggests solutions for moving forward. Key causes of the crisis include too much liquidity in the financial system as well as poorly priced risk. As the global economy de-leverages and risk adjustments take place, the economy will begin to recover, but at a much slower pace than policymakers wish. Corrigan suggests that across the world, governments consider injecting capital into key financial institutions, as well as discuss the possibility of further fiscal stimuli.