Munich Personal RePEc Archive

The economic and financial crisis of 2008-2010: the international dimension

Singh, Ajit (2011): The economic and financial crisis of 2008-2010: the international dimension. Published in: The Oxford handbook of the Political Economy of Financial Crisis (13 February 2013): pp. 213-229.

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Abstract

My remit in this paper is to examine specifically the international dimensions of the current economic and financial crisis in order to help understand its dynamics. This crisis has been truly international and has affected countries around the globe. It might have started as a relatively minor disturbance in the US property and financial markets (the bursting of the sub-prime mortgage bubble), but it soon spread to most countries, rich as well as poor. One purpose of this paper is to analyse this process of globalisation of the crisis, which as will be explained below is closely linked to financial globalization.

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