How to Finance the World Economic Stimulation ?
AbstractToday, the main problem in financing economies is linked to liquidity problems of banks. The paradox is that the world has never had so many liquidities at its disposal and rarely has economic players found themselves under such obligations. Economic stimulus goes through this mobilisation of reserves accumulated over the past years. The goal of central banks was to avoid systemic bank crises. They have gone from a regulatory role for the interbank market to a role of financing the world economy. But it is not enough and a new banking crisis is still possible. This article set forth seven proposals for the mobilisation of liquidity and the transformation of the financing networks. The main idea of theses proposals is that the burden of financing economies cannot indefinitely be placed on central banks and public funding.ou