Imparato, Nicholas; Sharma, Shalendra D. - In: World Economics 10 (2009) 4, pp. 25-44
Unlike many earlier financial crises, the current sub-prime-induced crisis originated in advanced economies (in the US housing sector) in the summer of 2007, and rapidly mushroomed into a global financial crisis by September 2008. Developing nations, especially the ‘least developed...