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The global recession caused by the COVID-19 pandemic and the resulting deterioration in many countries’ public finances have increased the risk of sovereign debt crises. Although crisis prevention remains paramount, these developments have made it imperative to re-examine the adequacy of the...
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The book explores the Fund's engagement in Europe in the aftermath of the 2008 global financial crisis, and especially after 2010. It explains how, why, and with what consequences the International Monetary Fund-along with the European Central Bank and the European Commission (together known as...
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"In this incisive fifth edition of Financial Crises and Recession in the Global Economy, Roy E. Allen examines the major financial instabilities, crises, and evolutionary trends since the 1970s and through the recent Covid-19 pandemic. Providing empirical research on the relation between money...
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debt results in a massive sovereign debt and credit crisis-is affecting developed countries around the world, including the … world economy is in for an extended period of sluggish growth, high unemployment, and volatile markets punctuated by … persistent recessions Reviews global markets, trends in population, government policies, and currencies Around the world …
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