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The economic and financial crisis of 2008-2010: the international dimension

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  • Singh, Ajit

Abstract

My remit in this paper is to examine specifically the international dimensions of the current economic and financial crisis in order to help understand its dynamics. This crisis has been truly international and has affected countries around the globe. It might have started as a relatively minor disturbance in the US property and financial markets (the bursting of the sub-prime mortgage bubble), but it soon spread to most countries, rich as well as poor. One purpose of this paper is to analyse this process of globalisation of the crisis, which as will be explained below is closely linked to financial globalization.

Suggested Citation

  • Singh, Ajit, 2011. "The economic and financial crisis of 2008-2010: the international dimension," MPRA Paper 53091, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:53091
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    References listed on IDEAS

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    1. N/A, 1985. "Asia," India Quarterly: A Journal of International Affairs, , vol. 41(1), pages 80-87, January.
    2. Cripps, F. & Izurieta, A. & Singh, A., 2011. "Global Imbalances, Under-Consumption and Over-Borrowing: The State of the World Economy and Future Policies," Working Papers wp419, Centre for Business Research, University of Cambridge.
    3. Alex Izurieta & Ajit Singh, 2010. "Does Fast Growth in India and China Help or Harm US Workers?," Journal of Human Development and Capabilities, Taylor & Francis Journals, vol. 11(1), pages 115-141.
    4. Robert Skidelsky, 2011. "The relevance of Keynes," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 35(1), pages 1-13.
    5. Jörg Mayer, 2010. "Global Rebalancing: Effects On Trade Flows And Employment," UNCTAD Discussion Papers 200, United Nations Conference on Trade and Development.
    6. Stiglitz Joseph E., 2010. "Contagion, Liberalization, and the Optimal Structure of Globalization," Journal of Globalization and Development, De Gruyter, vol. 1(2), pages 1-47, December.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    financial crisis; globalisation; sub-prime mortgage; dynamics; international dimension;
    All these keywords.

    JEL classification:

    • F0 - International Economics - - General
    • F6 - International Economics - - Economic Impacts of Globalization
    • G0 - Financial Economics - - General

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