Impact Of Financial Crisis On Developing Countries
This paper aims to discusses in a critically manner the crisis and concludes that as far as the developing countries are concerned, a bit more optimism may be warranted. Although without doubt there are particular countries that will be adversely affected, there will also be countries that may be less affected, may avoid recession, and may recover sooner than expected. Finally, some options available to the developing countries for minimizing the impact of the crisis are discussed. The crisis accentuates the urgent need for accelerating financial development in developing countries, both through domestic financial deepening, domestic resource mobilization, and reform of the international financial system.
Volume (Year): 1 (2009)
Issue (Month): 13S (November)
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References listed on IDEAS
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- David Dollar & Shang-Jin Wei, 2007.
"Das (Wasted) Kapital; Firm Ownership and Investment Efficiency in China,"
IMF Working Papers
07/9, International Monetary Fund.
- David Dollar & Shang-Jin Wei, 2007. "Das (Wasted) Kapital: Firm Ownership and Investment Efficiency in China," NBER Working Papers 13103, National Bureau of Economic Research, Inc.
- Lars Jonung, 2008. "Lessons from Financial Liberalisation in Scandinavia," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 50(4), pages 564-598, December. Full references (including those not matched with items on IDEAS)
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