The Global Economic and Financial Crisis: A Review and Commentary

Ajit Singh and A. Zammit

Working Papers from Centre for Business Research, University of Cambridge

Abstract: This paper provides a review and commentary on the current financial and economic crisis. It considers important analytical and policy issues from a global and North-South perspective. The analytical questions cover issues such as the better than expected performance of the world economy, the role of global financial imbalances, and whether or not economic theory has been helpful. It is argued that close international cooperation and policy coordination are essential to recovery and an improved distribution of the fruits of growth. Cooperation and financial regulation are particularly necessary in order to prevent international contagion and cascading sovereign debt defaults.

Keywords: Financial and economic crisis; global financial imbalances; global economic cooperation (search for similar items in EconPapers)
JEL-codes: E3 F1 G1 G20 N2 O16 (search for similar items in EconPapers)
Date: 2010-12
Note: PRO-2
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Related works:
Working Paper: The global economic and financial crisis: a review and commentary (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:cbr:cbrwps:wp415

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