PPT-Developing Countries in the Global Financial Crisis: A Minskyan Account

Leeds University Business School Developing Countries in the Global Financial Crisis A Minskyan Account Motivation Outline Neoclassical Models of Financial Foreign Exchange Crisis Post Keynesian Theories of Financial Crisis. Emerging Market Economies. Assistant Professor . Dr. . Thanet. . Wattanakul. Faculty of Integrated Social Sciences. Khon. . Kaen. University. Nong. . Khai. Campus. Contents. INTRODUCTION. CAUSES AND CONSEQUENCES OF ASIAN DEBT CRISIS. Valpy. FitzGerald. Global Economic Recovery:. The Role of China and Other Emerging Economies. Chinese Economic Association (Europe/UK) & University of Oxford. Oxford, 12-13 July 2010. Despite massive trade shock from G3 downturn, developing economies declined less and recovered better. Infrastructure. Response to the . Crisis. Overview. Financial markets’ stabilization has partially restored pre-crisis financial conditions in developing countries. 2. Immediate impacts of the crisis are largely in the Past… . An AML/CFT African Development Country View. Kathy . Nicolaou. -Manias. Overview. Who bears the burden of ML . and IFFs . in Developing Countries? . Who Sets the Standards?. Which . Developing . Countries. Joseph E. Stiglitz. The Crisis in Brief . Excess credit fed a housing bubble. Problems exacerbated by poorly designed mortgages (low doc “liar loans,” zero or negative amortization loans, variable rate mortgages, teaser rates). Options . for SIDS . & . emerging economies. Joseph E. . Stiglitz. February 9, 2011. A Brief Review of the Global Economic Landscape. We’ve pulled back from the brink on which were poised in the fall of 2008. Joseph E. Stiglitz. Tsinghua University. March 2008. Profound Lessons Concerning Market Economies. Market economies are not self-regulating . Prone to excesses. With many people suffering in process. Joseph E. Stiglitz. March 2009. A Deep and Prolonged Downturn. The first truly global downturn of the modern era of globalization. Downturn in the U.S. will be the most severe since the Great Depression. Joseph E. Stiglitz. The Crisis in Brief . Excess credit fed a housing bubble. Problems exacerbated by poorly designed mortgages (low doc “liar loans,” zero or negative amortization loans, variable rate mortgages, teaser rates). Joseph E. Stiglitz. Tsinghua University. March 2008. Profound Lessons Concerning Market Economies. Market economies are not self-regulating . Prone to excesses. With many people suffering in process. for SIDS . & . emerging economies. Joseph E. . Stiglitz. February 9, 2011. A Brief Review of the Global Economic Landscape. We’ve pulled back from the brink on which were poised in the fall of 2008. Emerging Market Economies. Assistant Professor . Dr. . Thanet. . Wattanakul. Faculty of Integrated Social Sciences. Khon. . Kaen. University. Nong. . Khai. Campus. Contents. INTRODUCTION. CAUSES AND CONSEQUENCES OF ASIAN DEBT CRISIS. Towards Sustainable Growth?. Mumbai. Joseph E. . Stiglitz. May 26, 2010. We are not out of the woods…. The world has pulled back from the brink where it was in September 2008. But the world is not yet on the course of a robust recovery. Public Disclosure AuthorizedPublic Disclosure AuthorizedPublic Disclosure AuthorizedPublic Disclosure AuthorizedSaving Lives Scaling-up Impact and Getting Back on TrackWorld Bank Group COVID-19 Crisis