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The Global Economic and Financial Crisis: A Review and Commentary

  • Singh, A.
  • Zammit, A.

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.

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File URL: http://www.cbr.cam.ac.uk/pdf/WP415.pdf
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Paper provided by ESRC Centre for Business Research in its series ESRC Centre for Business Research - Working Papers with number wp415.

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Date of creation: Dec 2010
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Handle: RePEc:cbr:cbrwps:wp415
Note: PRO-2
Contact details of provider: Web page: http://www.cbr.cam.ac.uk/

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  1. Albert Fishlow., 1987. "Some Reflections on Comparative Latin American Economic Performance and Policy," Economics Working Papers 8754, University of California at Berkeley.
  2. Karl Aiginger, 2009. "The Current Economic Crisis: Causes, Cures and Consequences," WIFO Working Papers 341, WIFO.
  3. Richard N. Cooper, 2005. "Living with Global Imbalances: A Contrarian View," Policy Briefs PB05-03, Peterson Institute for International Economics.
  4. Singh, Ajit, 2007. "Globalisation, industrial revolutions in India and China and labour markets in advanced countries: implications for national and international economic policy," MPRA Paper 53369, University Library of Munich, Germany.
  5. S. Narayan, 2009. "India," Chapters, in: The Political Economy of Trade Reform in Emerging Markets, chapter 7 Edward Elgar.
  6. Glyn, A. & Hughes, A. & Lipietz, A. & Singh, A., 1988. "The Rise And Fall Of The Golden Age," Cambridge Working Papers in Economics 884, Faculty of Economics, University of Cambridge.
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