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Disentangling the Global Financial Crisis: A Review of the Global Response


  • H. N. Thenuwara



At this moment, the world is undergoing the worst economic crisis since the Great Depression of 1930s. It is not clear exactly which factors instigated the crisis, but there are many candidates; the formation of an asset bubble in the US, and its subsequent crash, continued excessive consumption in the US, irresponsible lending and borrowing, non-recognition of risks in some asset classes, productivity slowdown, debt default, regulatory inaction, and some policy mistakes. The purpose of this paper is to evaluate the current economic and financial crisis, examine global responses and document lessons. [Central Bank of Srilanka]

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  • H. N. Thenuwara, 2009. "Disentangling the Global Financial Crisis: A Review of the Global Response," Working Papers id:2065, eSocialSciences.
  • Handle: RePEc:ess:wpaper:id:2065
    Note: Institutional Papers

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    References listed on IDEAS

    1. Pradeep Kumar Panda, 1999. "Poverty and young women's employment: Linkages in Kerala," Centre for Development Studies, Trivendrum Working Papers 292, Centre for Development Studies, Trivendrum, India.
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    3. Shireen J. Jejeebhoy & Zeba A. Sathar, 2001. "Women's Autonomy in India and Pakistan: The Influence of Religion and Region," Population and Development Review, The Population Council, Inc., vol. 27(4), pages 687-712.
    4. Geeta Gandhi Kingdon & Jeemol Unni, 2001. "Education and Women's Labour Market Outcomes in India," Education Economics, Taylor & Francis Journals, vol. 9(2), pages 173-195.
    5. Maitreyi Bordia Das, and Sonalde Desai, 2003. "Why are educated women less likely to be employed in India? Testing competing hypotheses," Social Protection and Labor Policy and Technical Notes 27868, The World Bank.
    6. Shelah Bloom & David Wypij & Monica Gupta, 2001. "Dimensions of women’s autonomy and the influence on maternal health care utilization in a north indian city," Demography, Springer;Population Association of America (PAA), vol. 38(1), pages 67-78, February.
    7. Lupin Rahman & Vijayendra Rao, 2004. "The Determinants of Gender Equity in India: Examining Dyson and Moore's Thesis with New Data," Population and Development Review, The Population Council, Inc., vol. 30(2), pages 239-268.
    8. Wendy Olsen, 2006. "A Pluralist Account of Labour Participation in India," Economics Series Working Papers GPRG-WPS-042, University of Oxford, Department of Economics.
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    More about this item


    Crises; economic crisis; debt; productivity; financial crisis; Latin American Crises; Japanese Crisis; Crisis in Europe; East Asian Crisis; Global Fiscal Policy Response; Global Regulatory Response; recovery;

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