Financial and Monetary Issues as the Crisis Unfolds James Galbraith

On June 15 and 16, 2009, the working group on financial and monetary issues of Economists for Peace and Security and the Initiative for Rethinking the Economy met in Paris for a closed discussion of the ongoing crisis and reform proposals, including the new initiatives of the G-20 and the Obama administration. This memorandum provides a structured summary of the major points of the meetings. It reflects in general terms the center of gravity of the views expressed, drawing on the expertise and careful reflection of the specialists and experts who were there.

crisis_unfolds (Download the full text in PDF format)