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Searching with a thematic focus on Finance policy, Financial crisis
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Navigating the global storm: a policy brief on the global financial crisis
Asian Development Bank, 2008The global financial crisis triggered by the collapse of the US subprime mortgage market led to an international crisis of confidence. Despite the support from the governments and monetary authorities a major downturn is expected in the world economy.DocumentGlobal economic prospects: commodities at the crossroads
World Bank, 20082008 was a turbulent year for the world economy: the financial turmoil that started in 2007 intensified significantly with the banking crisis that hit the United States and Europe in September 2008. Initially, developing countries were relatively unaffected by these developments but more recently, the 2009 growth outlooks for many have diminished.DocumentWeathering the storm: economic policy responses to the financial crisis
World Bank Publications, 2008This paper evaluates policy stances for developing countries to adopt measures in dealing with the global economic downturn. The global economy is forecast to grow by only 1 percent, with growth in high income countries expected to go from 2.5 percent in 2007 to a contraction of 0.1 percent in 2009, and developing country growth expected to fall from 7.9 percent in 2007 to 4.5 percent in 2009.DocumentThe age of turbulence and poor countries: the case for MDB help with risk management
Center for Global Development, USA, 2008While developing countries have done relatively well so far in addressing traditional, largely domestic forms of risk, including macroeconomic imbalances, inflation and external (foreign currency denominated) debt, they have been less prepared to deal with the external risks which have recently intensified.DocumentThe global financial crisis and foreign direct investment in Latin America
Global Development and Environment Institute, Tufts University, 2008Foreign direct investment (FDI) into Latin America and the Caribbean (LAC) increased sevenfold between 1993 and 2007. In the wake of the global financial crisis, this trend is bound to reverse. This paper deems that the current crisis should be seen as an opportunity to restore Latin America’s ability to capture more of the benefits of FDI when it returns.DocumentThe tasks ahead
International Monetary Fund, 2008Global economic prospects have deteriorated further as the current global financial crisis took a sharp turn for the worse. The crisis has undermined consumer and business confidence, triggering a sharp decline in domestic demand. In financial markets, funding markets remain strained, reflecting the deep shock to confidence in counterparties.DocumentAsia and the meltdown of American finance
Economic and Political Weekly, India, 2008The US appears to be heading into a recession that may be as bad as the country has faced since the 1930s, and spells trouble for a region that directly or indirectly relies on the US as the final engine of demand. Asia has long facilitated the US addiction to drowning its problems in endless dollar cocktails.DocumentThe management of capital flows and financial vulnerability in Asia
Third World Network, 2008The current crisis is the outcome of a combination of misguided financial and exchange rate policies with overreaction of foreign lenders and investors to temporary shortfalls in international liquidity, rather than vulnerabilities emanating from structural payments imbalances and excessive external indebtedness.DocumentVoices from the South. The impact of the global financial crisis on developing countries
Institute of Development Studies UK, 2008The global financial crisis is already beginning to have an impact on the ‘real economy’ in poorer countries around the world. However, the debate in the west about the impact of the crisis has largely ignored its impact on the developing world, and the voices of people from these countries are rarely heard.DocumentThe global financial crisis and developing countries
Overseas Development Institute, 2008Many developing countries are still growing strongly despite the current global financial downturn, but forecasts are worsening. This background note from ODI questions how long this growth can persist. There are different channels through which the crisis could spread and some countries are more at risk than others.Pages
