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À la suite de l'effondrement du système financier international en 2008, la communauté internationale a accusé les agences de notation de crédit d'avoir été la pierre angulaire du gouffre financier, particulièrement en ce qui a trait à la dérive des produits adossés à des actifs. L'article qui suit offre une mise en perspective de la structure réglementaire internationale en place avant et après les événements financiers. L'auteure fera ressortir le manque flagrant d'encadrement des agences de notation de crédit avant 2008 et les difficultés à réaliser pour l'avenir un cadre réglementaire international qui soit efficient et harmonisé. Following the collapse of the international financial system in 2008, the international community accused the credit rating agencies of precipitating the financial abyss, especially with respect to products based on asset-backed securities. The article that follows provides a perspective view of the international regulatory framework both before and after the financial events of 2008, highlighting the obvious lack of supervision by credit rating agencies and the difficulty of building an efficient and harmonized international regulatory framework for the future., 1 L'agence de notation de crédit comme facteur à risque du système financier ? 1.1 La défaillance des agences de notation de crédit 1.2 La réglementation des agences de notation [...]

The origins of the Great Recession of 2008 is examined from a microeconomic viewpoint. Credit and asset prices and household leverage help explain the recession.

A dynamic stochastic general equilibrium model is presented which examines the effects of fiscal policy with financial frictions. The topic is examined within the context of the great recession of 2008-2009.

The global economic crisis of 2008 has shown the fallacy of the idea that the integration of global financial markets would lead to greater financial stability. A model for analyzing the optimal degree of financial integration is presented. The model shows that autarky may be better if faced with a choice between two polar regimes.

Mexican immigrants' employment outcomes are shown to be more sensitive to macroeconomic conditions than white non-Hispanic natives and Hispanic natives during the Great Recession of 2008 in the U.S. The concentration of this group in heavily cyclical sectors such as the construction and manufacturing sector may have played a role in this outcome.

"The very emerging markets whose populations have benefited most from global integration in recent years are the ones whose relative role in global affairs is being advanced as a result of the recent financial crisis."

The $107 billion in stimulus checks that the U.S. Congress sent out kept the economy afloat but it should have been larger. Passing the bill that allows homeowners to stay in their homes as renters helps stave off foreclosures without involving taxpayer money. Suggestions that the Congress can do for rising commodity prices and the credit crisis are also discussed.