POLB81H3 Lecture Notes - Lecture 9: Bretton Woods System, Global Financial System, Trigonometric Functions
9 Oct 2014
School
Department
Course
Professor
Document Summary
Lecture 9 polb81 march 11th 2013. A series of banks were failing in the us. When the lemon brothers collapsed on wall street that"s when people started to realized that they"re in big trouble. There was an urgency of financial crisis on how some very serious republicans who don"t like government intervention were convinced to talk about days and weeks of financial collapse and it wasn"t just a problem in the united states. The cotangent effect makes it difficult to govern. The us injected 700 billion dollars into the financial economy to try to stop the bleeding of the financial crisis. That was enough to soften the crisis to make it the great recession and not a. When we talk about financial crisis we have to talk about the tools of multilateral approaches (imf). History and function of the imf: global institutionalism problem is a cooperation problem because financial stability is a public good.
