@article{336449,
      note = {"March 2009."},
      author = {Steil, Benn.},
      url = {http://library.usi.edu/record/336449},
      title = {Lessons of the financial crisis  /},
      publisher = {Council on Foreign Relations, Center for Geoeconomic  Studies,},
      abstract = {The current financial and economic crisis is a classic  bust of a credit boom, the boom having been fueled by  policies whose combined effects were to increase the demand  for debt to unsustainable levels. U.S. monetary policy,  taxation policy, and home ownership promotion policy were  so conducive to credit expansion that the idea,  understandably popular in Washington and Brussels, that  preventing future such crises can be accomplished simply by  waking up regulators "asleep at the switch" is dangerously  simplistic. The United States in particular, given that it  effectively sets monetary and credit conditions for a  significant portion of the global economy, needs to put in  place policies that can better discourage, recognize, and  curtail a credit boom, and ensure that systemically  important financial institutions can withstand its  unwinding.},
      recid = {336449},
      pages = {ix, 40 p. :},
      address = {New York :},
      year = {2009},
}