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...

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Main Author:	Brahmbhatt, Milan
Format:	Brief
Language:	English
Published:	World Bank, Washington, DC 2012
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 http://hdl.handle.net/10986/11142

id	okr-10986-11142
recordtype	oai_dc
spelling	okr-10986-111422021-04-23T14:02:54Z The Global Macroeconomic Situation and Policy Implications Brahmbhatt, Milan 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 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. 2012-08-13T14:16:16Z 2012-08-13T14:16:16Z 2008-08 http://documents.worldbank.org/curated/en/2008/08/9796233/global-macroeconomic-situation-policy-implications http://hdl.handle.net/10986/11142 English PREM Notes; No. 122 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	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
spellingShingle	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 Brahmbhatt, Milan The Global Macroeconomic Situation and Policy Implications
relation	PREM Notes; No. 122
description	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.
format	Publications & Research :: Brief
author	Brahmbhatt, Milan
author_facet	Brahmbhatt, Milan
author_sort	Brahmbhatt, Milan
title	The Global Macroeconomic Situation and Policy Implications
title_short	The Global Macroeconomic Situation and Policy Implications
title_full	The Global Macroeconomic Situation and Policy Implications
title_fullStr	The Global Macroeconomic Situation and Policy Implications
title_full_unstemmed	The Global Macroeconomic Situation and Policy Implications
title_sort	global macroeconomic situation and policy implications
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2008/08/9796233/global-macroeconomic-situation-policy-implications http://hdl.handle.net/10986/11142
_version_	1764415675959345152

The Global Macroeconomic Situation and Policy Implications

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