Finance & Development, December 2008

December 12, 2008

Preview Citation

Format: Chicago

Finance & Development, December 2008, (USA: International Monetary Fund, 2008) accessed September 19, 2024

Summary

Cracks in the System: World Economy Under Stress" explores the rapidly changing institutional and policymaking landscape around a financial crisis that now threatens a deep and prolonged global recession. The lead article looks at how the world got into the mess and what to do about it, both now and over the medium term. Other articles review options for changing the rules of world finance, examine the case for modernizing the way countries coordinate their policies, and try to draw some lessons from past financial crises. The "other crisis" of high food and fuel prices is also assessed, as the effects extend past the mid-2008 price peak. "People in Economics" profiles Robert Shiller; "Picture This" illustrates how middle-income economies can reach high-income status; "Back to Basics" looks at all the components that make up gross national product; and "Country Focus" spotlights Saudi Arabia.

Subject: Asset prices, Banking, Credit, Financial crises, Housing prices, Money, Poverty, Prices

Keywords: Asia and Pacific, Asset prices, Central Asia, Credit, East Asia, Economy, F&D, FD, Global, Housing prices, IMF oversight, IMF staff estimate, Market, Market stability, OECD country, Oil wealth, Price, Price bust, Recession, Sub-Saharan Africa

Publication Details

Pages:

59
Volume:

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DOI:

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Issue:

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Series:

Finance & Development No. 0045/004
Stock No:

MFIEA2008004
ISBN:

9781451922455
ISSN:

0015-1947

Notes

Quarterly issues from 1996 onward are available for free online

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