Financial turmoil and the lessons from the emerging world
Date
2008
Authors
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Journal ISSN
Volume Title
Publisher
IDRC, Ottawa, ON, CA
Abstract
One particularly negative effect of economic crises is the destruction of institutions, making it very difficult to re-build a regulatory infrastructure under volatile conditions. This 2-page article reviews some fundamental macroeconomic themes during economic crises as they apply to emerging countries, and in this case the sub-prime crisis. Reform of international financial architecture is required in order to restrict cyclical bubbles with boom-and-bust economic effects. Feedback effects between volatility and institutions will continue to haunt developing countries. The current crisis strongly indicates that the post-2001 global growth dynamics had been unsustainable.
Description
item.page.type
IDRC-Related Report
item.page.format
Keywords
ECONOMIC RECESSION, MACROECONOMICS, ECONOMIC GROWTH, MONETARY POLICY, EMERGING ECONOMIES, FINANCIAL MARKET, FINANCIAL REGULATION, ECONOMIC CRISIS, GLOBALIZATION, IMF, ARGENTINA, CANADA, GLOBAL SOUTH
Citation
DOI
Collections
IDRC Research Results / Résultats de recherches du CRDI
2000-2009 / Années 2000-2009
Global and Multi-regional / Projets mondiaux et multirégionaux
Research Results (GGP) / Résultats de recherches (MCP)
Trade Policy, Investment and Economic Integration / Politique commerciale, investissement et intégration économique
2000-2009 / Années 2000-2009
Global and Multi-regional / Projets mondiaux et multirégionaux
Research Results (GGP) / Résultats de recherches (MCP)
Trade Policy, Investment and Economic Integration / Politique commerciale, investissement et intégration économique