The Impact of the Global Crisis on South Asia
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The Impact of the Global Crisis on South Asia
The Impact of the Global Crisis on South Asia
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The Impact of the Global Crisis on South Asia
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1. INTRODUCTION
What is the Global Crisis
The first global financial crisis of the 21st century
began with problems in the sub-prime mortgage market in the US
spread around the world in September 2008
Firms and households reduce spending, resulting in a sharp economic slowdown
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CONTENTS
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2. Conventional Wisdom And The Crisis
IMF (2008) pointed to the importance of policy measures to increase demand and restore economic confidence.
The optimal fiscal package
Timely, large, lasting, diversified, contingent, collective, and sustainable.
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2. Conventional Wisdom And The Crisis
Why it is that Fiscal policy is back in fashion.
1. One argument suggests that as Monetary and credit policy reached its limit policymakers had no other choice but to rely on fiscal policy more heavily.
2. The other argument is that as the recession across countries was ex…(생략(省略))
The Impact of the Global Crisis on South Asia , The Impact of the Global Crisis on South Asia경영경제레포트 , The Impact of the Global Crisis on South Asia
다.
