• 2022-06-12
    For reducing the frequency of financial crisis, which proposed reforms enjoy widespread support
  • First, developing countries should pursue sound macroeconomic policies, to avoid creating conditions in which overborrowing or a loss of confidence in the government’s capability could lead to a crisis. Second, countries should improve the data that they report publicly, to provide sufficient details on total debt and its components, as well as on holdings of international reserves, and they should report these data promptly. Third, it should avoid short-term borrowing denominated in foreign currencies, to avoid crises that begin when foreign lenders abruptly demand repayment. Fourth, better regulation and supervision of banks in developing countries.

    内容

    • 0

      Whitlam proposed reforms, which were concerned with all the following issues ____ A: foreign relations B: race relations C: women's rights D: establishing a republic

    • 1

      The global financial crisis in 2008 was mainly caused by: A: subprime mortgages B: high-risk financial assets like CDOs C: Credit or default crisis D: Political crisis

    • 2

      As the financial crisis got worse,

    • 3

      The 2008 financial crisis is also called_______.

    • 4

      It is not immediately clear the financial crisis will soon be over.