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Of floods and droughts : the economic and financial crisis of 2008

  • Islam, Roumeen
  • Nallari, Raj
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    This paper provides an overview of the period prior to the recent global crisis, and the policies that were adopted around the world in response to the crisis. It highlights a number of key issues regarding economic and financial policies that governments have faced both globally and nationally. These are related to the management of boom and bust episodes that deserve more attention in policy circles in the future.

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    File URL: http://www-wds.worldbank.org/servlet/WDSContentServer/WDSP/IB/2010/03/15/000158349_20100315152540/Rendered/PDF/WPS5237.pdf
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    Paper provided by The World Bank in its series Policy Research Working Paper Series with number 5237.

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    Date of creation: 01 Mar 2010
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    Handle: RePEc:wbk:wbrwps:5237
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    1. Ramey, Garey & Ramey, Valerie A, 1995. "Cross-Country Evidence on the Link between Volatility and Growth," American Economic Review, American Economic Association, vol. 85(5), pages 1138-51, December.
    2. Marco Terrones & Enrique G. Mendoza, 2008. "An Anatomy of Credit Booms; Evidence From Macro Aggregates and Micro Data," IMF Working Papers 08/226, International Monetary Fund.
    3. Reinhart, Carmen M. & Rogoff, Kenneth, 2009. "Banking Crises: An Equal Opportunity Menace," CEPR Discussion Papers 7131, C.E.P.R. Discussion Papers.
    4. Marius Brulhart & Michael Thorpe, 2000. "Intra-industry trade and adjustment in Malaysia: puzzling evidence," Applied Economics Letters, Taylor & Francis Journals, vol. 7(11), pages 729-733.
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