The Global Macroeconomic Situation and Policy Implications

This PREM note provides some perspectives on the ongoing financial turmoil and the present complicated situation in the world economy. Two unifying themes can help to organize the discussion. First, the world economy is working its way through the aftershocks of a major global credit boom-and-bust cycle. A second cross-cutting theme is the emergence of developing countries as major players in the world economy. The combination of these trends could, over time, undermine existing structures of international economic cooperation.

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Bibliographic Details
Main Author: Brahmbhatt, Milan
Language:English
Published: World Bank, Washington, DC 2008-08
Subjects:ADVISORY SERVICE, AGGREGATE DEMAND, ASSET CLASSES, ASSET MARKETS, ASSET PRICES, ASSETS, BALANCE OF PAYMENTS, BALANCE SHEET, BALANCE SHEETS, BANK LENDING, BANK NOTES, BORROWING, BUDGETARY SUPPORT, CAPITAL FLOWS, CAPITAL MARKETS, CASH TRANSFER, CENTRAL BANKS, COLLATERAL, COMMODITY, COMMODITY PRICES, CORE INFLATION, CREDIT BOOM, CREDIT CRUNCH, CREDIT LOSSES, CREDIT SPREADS, CURRENT ACCOUNT, CURRENT ACCOUNT DEFICITS, DEBT, DEBT LEVELS, DEMAND GROWTH, DEPRECIATION, DEPRESSION, DEVELOPING COUNTRIES, DEVELOPING COUNTRY, DEVELOPING ECONOMIES, DEVELOPMENT FINANCE, DOMESTIC INFLATION, DOMESTIC LIQUIDITY, DOMESTIC PRICES, ECONOMIC ACTIVITY, ECONOMIC COOPERATION, ECONOMIC ENVIRONMENT, ECONOMIC OUTLOOK, ECONOMIC POLICY, EMERGING ECONOMIES, EQUITY MARKET, EQUITY MARKETS, EXCHANGE RATE, EXCHANGE RATE PEG, EXCHANGE RATE PEGS, EXPENDITURE, EXPORT MARKETS, EXPOSURES, FINANCIAL CRISIS, FINANCIAL INNOVATIONS, FINANCIAL SECTOR, FINANCIAL SECTORS, FINANCIAL STUDIES, FINANCIAL SYSTEM, FINANCIAL VOLATILITY, FISCAL POLICY, FISCAL POSITION, GLOBAL DEVELOPMENT FINANCE, GLOBAL LIQUIDITY, GOVERNMENT GUARANTEES, IMPORTS, INFLATION, INFLATION EXPECTATIONS, INTERNATIONAL FINANCIAL INSTITUTIONS, INVESTMENT CLIMATE, INVESTMENT CLIMATE REFORMS, LENDERS, LENDING CONDITIONS, LIQUIDITY SUPPORT, LONG TERM, MARKET DISCIPLINE, MONETARY FUND, MONETARY POLICIES, MONETARY POLICY, MORAL HAZARD, MORTGAGE, MORTGAGE LENDING, MORTGAGE MARKET, NET WORTH, OIL-IMPORTING ECONOMIES, OUTPUT, OUTPUT GAP, OUTPUT LOSS, OUTPUT LOSSES, POVERTY REDUCTION, PRICE INDEX, PRIVATE CAPITAL, PRIVATE CAPITAL FLOWS, RAPID GROWTH, REAL INTEREST, REAL INTEREST RATES, RECESSION, RECESSIONS, REGULATORS, RISE IN INFLATION, RISK AVERSION, SUSTAINED GROWTH, SYSTEMIC RISKS, TREASURY, UNCERTAINTY, WORLD ECONOMY, WORLD TRADE,
Online Access:http://documents.worldbank.org/curated/en/2008/08/9796233/global-macroeconomic-situation-policy-implications
https://hdl.handle.net/10986/11142
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