The paper discusses the manner in which advanced and emerging countries are able to recover from the most acute phase of the 2008 International Financial Crisis. Due to sound fiscal and monetary policies, certain emerging economies (especially emerging Asia) are expected to account for almost...

The hereby paper tackles the onset and evolution of the global financial crisis, providing an overview of the partially foreseeable causes and extremely severe consequences. The aim of the paper is to analyze how the collapses of the US sub-prime mortgage market and the reversal of the housing...