Keynes and the 2008-9 crisis

Abstract

Since late 2008, together with the current financial crisis we can see a return of the Keynes’s proposals, including the proposal to create an international currency (Bancor). This paper reflects on some of these measures, the effectiveness of monetary policies, the growing income inequality, the new role of banks, political strategies of governments to address the crisis and the opportunities for combining the economical recovery with measures to promote a more sustainable development..