The global economic and financial crisis: a review and commentary

Singh, Ajit and Zammit, Ann (2010): The global economic and financial crisis: a review and commentary. Published in: Centre for Business Research Working Paper Series No. WP415 (December 2010)

Abstract

This paper provides a review and commentary on the current financial and economic crisis. It considers important analytical and policy issues from a global and North-South perspective. The analytical questions cover issues such as the better than expected performance of the world economy, the role of global financial imbalances, and whether or not economic theory has been helpful. It is argued that close international cooperation and policy coordination are essential to recovery and an improved distribution of the fruits of growth. Cooperation and financial regulation are particularly necessary in order to prevent international contagion and cascading sovereign debt defaults.

• Item Type: MPRA Paper
• Language: English
• Keywords: Financial and economic crisis, global financial imbalances, global economic cooperation, G20
• Subjects: G - Financial Economics > G1 - General Financial Markets; N - Economic History > N2 - Financial Markets and Institutions; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O16 - Financial Markets ; Saving and Capital Investment ; Corporate Finance and Governance; F - International Economics > F1 - Trade; E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles

References

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