Edited Nandita Sethi a V Bala (1 results)

Hardcover. Condition: New. Dust Jacket Included. Contents Foreword Part I Global Meltdown 1 World Economic Outlook April 2009 Crises and Recovery 2 The General Economic Background to the Crisis Jorgen Elmeskov 3 The Global Financial Crisis Causes consequences and Countermeasures Luci Ellis 4 The impact of the financial crisis on emerging market economies The Transmission Mechanism policy Response and Lessons Jack Boorman 5 The Multilateral Response to the global Crisis Rationale Modalities and Feasibility Eduardo Fernandez Arias Andrew Powell and Alessandro Rebucci 6 Learning from the Financial Crisis Sir John Gieve Part II Regional Impacts 7 The Global Crisis and Latin America Financial Impact and policy Responses Alejandro Jara Ramon Moreno and Camilo E Tovar 8 Crisis Management in the European Union Sylvester CW Eijffinger 9 UK Poverty and the Economic Downturn Moussa Haddad and Antonia Bance 10 The Current Crisis A challenge as well as a chance to Implement Needed Reforms Amir Hadziomeragic 11 Spillovers of the Crisis How different is Croatia Ljubinko Jankov 12 Central Asia and the Global economic Crisis Richard Pomfret 13 Measuring the pulse of Africa in Times of Crisis OECD 14 The Global Financial Crisis and its impact on the Asia Pacific Region Anwar Nasution 15 The Global Financial Crisis Developing Countries and India Jayati Ghosh 16 Risk Management in the Midst of the Global Financial Crisis D Subbarao Index The financial turmoil which surfaced in August 2007 in the US financial system as a result of defaults of sub prime mortgage loans has blown into an unprecedented financial crisis engulfing international money credit equity and foreign exchange markets What started off as a sub prime crisis in the US housing mortgage sector has turned successively into a global banking crisis global financial crisis and now a global recession Though emerging market economies including India do not have direct or significant exposure to stressed financial instruments or troubled financial institutions they are not immune to the adverse effects of the financial crisis Most of the crises over the past few decades have had their roots in developing and emerging countries often resulting from abrupt reversals in capital flows and from loose domestic monetary and fiscal policies In contrast the current ongoing global financial crisis has had its roots in the US Given the experience of the post crisis period the decoupling hypothesis stands invalidated Reinforcing the notion that in a globalised world no country can be an island growth prospects of emerging economies have been undermined by the cascading financial crisis with of course considerable variation across countries This book contains 16 analytical contributions gathered from various sources which give with regional dimensions deep insights into the origin causes consequences and remedial measures related to the crisis Jacket 326 pp.