The world economy has experienced four global recessions over the past seven decades: in 1975, 1982, 1991, and 2009 … internationally, with severe economic and financial disruptions in many countries around the world. The 2009 global recession, set off … by the global financial crisis, was by far the deepest and most synchronized of the four recessions. As the epicenter of …

economic effects. The financial crisis that hit the world economy in 2008-2009 has transformed the lives of many individuals … has slowed and income distribution has worsened for a number of countries. Countries hardest hit by the crisis lost more … financial system continue around the world, the challenge for policy makers is to incorporate the lessons from the failures to …

shocks leading to sharper recessions. This paper shows that the 2008-2009 global financial crisis represents a structural … global crisis. Moreover, breaking with the past, emerging economies did not fall more than developed economies during the … global financial crisis, thus becoming more similar to developed economies. The resilience of emerging economies during the …

global crisis, and their prospects in its aftermath. The conventional view holds that global imbalances result primarily from … of asymmetries in world asset demand and supply. Absent changes in the deep determinants of these, global imbalances can … persist. International capital flow patterns before and during the crisis lend support to the equilibrium view. The paper also …

the World Bank in response to the global economic crisis of 2008-2009. Given trends in the imposition of new crisis …

around the world in response to the crisis. It highlights a number of key issues regarding economic and financial policies …This paper provides an overview of the period prior to the recent global crisis, and the policies that were adopted …

scenario of extreme economic distress, using the World Bank's Enterprises Surveys. Under the assumption that firms have no …

The 2001/02 Argentine crisis had a profound impact on Uruguay's economy. Uruguay's gross domestic product shrank by 17 … poverty rate to recover to its pre-crisis level. This paper uses a macro-micro simulation technique to simulate the impact of … a similar crisis on the current Uruguayan economy. The simulation exercise suggests that Uruguay would now be in a …

This paper describes the serious fiscal crisis faced by cities around the world following the Great Recession of 2008 …. Section 1 summarizes how the crisis was triggered and how it unfolded in the US, then spread to the rest of world …. Five years later, the after-effects of this major crisis continue to be felt and limit economic opportunities in cities …

To mitigate the impact of the 2008-2010 global financial crisis on vulnerable households, the Government of Latvia … the unemployed mitigate the impact of the crisis. However, relative to the depth of the crisis in Latvia, the Workplaces …