collectively agreeing on the definition of a crisis and affirming the right of a member country to introduce an emergency measure … in the event of a crisis. Our assessment is that most of the inflow restrictions could be removed quickly without …

Despite having a low exposure to the toxic assets involved in the sub-prime crisis and a gradualist approach towards … financial crisis. The consequent tightening of liquidity and slump in global and domestic demand had a strong adverse affect on … introduced a host of measures to counter the adverse effects of the financial crisis, the recovery has not been uniform; several …