The Post-2007 Crises and Europe's Place in the Global Economy
What is often abbreviated to GFC included three distinct crises: the 2007-8 North Atlantic financial crisis, a 2008-9 global economic crisis and public finance crises which became increasingly focussed on the eurozone in 2010-12. The relative weight of emerging market economies in the global economy, which had been increasing for several decades, grew even more rapidly in 2008-11 as the economies of the USA and Europe faltered, and other open economies recovered rapidly from the global economic crisis. This poses challenges for global economic governance, although there are constraints on Asia being a more assertive force. For the EU the greater dangers are, first, that if EU leaders see their economies as victims of a GFC then they will fail to address their economies’ own shortcomings, and, second, that preoccupation with internal crises will distract EU leaders from rising to the challenges and opportunities associated with the evolving multipolar global economy.
|Date of creation:||2012|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: +48 22 206 29 00
Fax: +48 22 206 29 01
Web page: http://www.case-research.eu/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Zsolt Darvas, 2011.
"A Tale of Three Countries: Recovery after Banking Crises,"
1106, Department of Mathematical Economics and Economic Analysis, Corvinus University of Budapest.
- Zsolt Darvas, 2012. "A Tale of Three Countries: Recovery after Banking Crises," IEHAS Discussion Papers 1202, Institute of Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences.
- Zsolt Darvas, 2011. "A tale of three countries: recovery after banking crises," Policy Contributions 663, Bruegel.
- George Alessandria & Joseph P. Kaboski & Virgiliu Midrigan, 2011.
"US Trade and Inventory Dynamics,"
American Economic Review,
American Economic Association, vol. 101(3), pages 303-07, May.
- repec:ces:ifofor:v:12:y:2012:i:4:p:30-36 is not listed on IDEAS
- Carmen M. Reinhart & Kenneth S. Rogoff, 2009. "This Time Is Different: Eight Centuries of Financial Folly," Economics Books, Princeton University Press, edition 1, volume 1, number 8973, April.
- George Alessandria & Joseph P. Kaboski & Virgiliu Midrigan, 2010.
"The Great Trade Collapse of 2008-09: An Inventory Adjustment?,"
NBER Working Papers
16059, National Bureau of Economic Research, Inc.
- Virgiliu Midrigan & Joseph Kaboski & George Alessandria, 2010. "The Great Trade Collapse of 2008-09: An Inventory Adjustment?," 2010 Meeting Papers 107, Society for Economic Dynamics.
- Didier, Tatiana & Hevia, Constantino & Schmukler, Sergio L., 2011. "How resilient and countercyclical were emerging economies to the global financial crisis ?," Policy Research Working Paper Series 5637, The World Bank.
- Francisco J. Buera & Joseph P. Kaboski & Yongseok Shin, 2011.
"Finance and Development: A Tale of Two Sectors,"
American Economic Review,
American Economic Association, vol. 101(5), pages 1964-2002, August.
- Yongseok Shin & Joe Kaboski & Francisco J. Buera, 2008. "Finance and Development: A Tale of Two Sectors," 2008 Meeting Papers 955, Society for Economic Dynamics.
- Francisco J. Buera & Joseph Kaboski & Yongseok Shin, 2009. "Finance and Development: A Tale of Two Sectors," NBER Working Papers 14914, National Bureau of Economic Research, Inc.
- Richard Pomfret, 2010. "REGIONALISM IN EAST ASIA:Why Has It Flourished Since 2000 and How Far Will It Go?," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 7715, December.
- Pomfret, Richard, 2010.
"The financial sector and the future of capitalism,"
Elsevier, vol. 34(1), pages 22-37, March.
- Anders Aslund, 2011. "Lessons from the East European Financial Crisis, 2008-10," Policy Briefs PB11-9, Peterson Institute for International Economics.
- Marek Dabrowski, 2011. "Euro Crisis or Fiscal Crisis: Looking for the Right Diagnosis and Therapy," CESifo Forum, Ifo Institute for Economic Research at the University of Munich, vol. 12(4), pages 30-36, December.
- Jeffrey A. Frankel & George Saravelos, 2010. "Are Leading Indicators of Financial Crises Useful for Assessing Country Vulnerability? Evidence from the 2008-09 Global Crisis," NBER Working Papers 16047, National Bureau of Economic Research, Inc.
- Pomfret, Richard & Sourdin, Patricia, 2009. "Have Asian trade agreements reduced trade costs?," Journal of Asian Economics, Elsevier, vol. 20(3), pages 255-268, May.
- Barry Eichengreen, 2011. "Crisis and Growth in the Advanced Economies: What We Know, What We Do not, and What We Can Learn from the 1930s," Comparative Economic Studies, Palgrave Macmillan, vol. 53(3), pages 383-406, September.
- Gianluca Orefice & Nadia Rocha, 2014.
"Deep Integration and Production Networks: An Empirical Analysis,"
The World Economy,
Wiley Blackwell, vol. 37(1), pages 106-136, 01.
- Gianluca OREFICE & Nadia ROCHA, 2011. "Deep integration and production networks: an empirical analysis," Departmental Working Papers 2011-24, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
- Orefice, Gianluca & Rocha, Nadia, 2011. "Deep integration and production networks: An empirical analysis," WTO Staff Working Papers ERSD-2011-11, World Trade Organization (WTO), Economic Research and Statistics Division.
- Jane Korinek & Jean Le Cocguic & Patricia Sourdin, 2010. "The Availability and Cost of Short-Term Trade Finance and its Impact on Trade," OECD Trade Policy Papers 98, OECD Publishing.
- Giles, John & Park, Albert & Cai, Fang & Du, Yang, 2012. "Weathering a storm : survey-based perspectives on employment in China in the aftermath of the global financial crisis," Policy Research Working Paper Series 5984, The World Bank.
- JaeBin Ahn & Mary Amiti & David E. Weinstein, 2011. "Trade Finance and the Great Trade Collapse," American Economic Review, American Economic Association, vol. 101(3), pages 298-302, May.
When requesting a correction, please mention this item's handle: RePEc:sec:cnstan:0439. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Agata Kwiek)
If references are entirely missing, you can add them using this form.