Of Floods and Droughts : The Economic and Financial Crisis of 2008
This paper provides an overview of the period prior to the recent global crisis, and the policies that were adopted around the world in response to the crisis. It highlights a number of key issues regarding economic and financial policies that gove...
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| Format: | Policy Research Working Paper |
| Language: | English |
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2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100315152540 http://hdl.handle.net/10986/3723 |
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okr-10986-3723 |
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oai_dc |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCOUNTING ASSET CLASS ASSET PRICE ASSET PRICES BAILOUT BALANCE SHEET BALANCE SHEETS BANK CREDIT BANK DEPOSITS BANK LIQUIDITY BANKING ASSETS BANKING SECTOR BANKING SECTORS BANKING SYSTEM BASIS POINTS BOND SPREADS BONDS BOOM BUST CYCLES CAPITAL ACCOUNT CAPITAL ACCOUNTS CAPITAL ADEQUACY CAPITAL FLOWS CAPITAL GAINS CAPITAL INFLOWS CAPITAL MARKETS CAPITAL MOBILITY CENTRAL BANK CENTRAL BANKS COLLATERAL COMMERCIAL BANKS COMMODITY PRICE COMMODITY PRICES CONSUMER DURABLES CREDIBILITY CREDIT EXPANSION CREDIT EXPANSIONS CREDIT GROWTH CREDIT MARKETS CREDIT RATING CREDIT RATING AGENCIES CREDIT RATINGS CREDITOR CREDITORS CREDITWORTHY BORROWERS CROSS-BORDER FLOWS CURRENCY COMPOSITION CURRENCY DEPRECIATION CURRENT ACCOUNT DEFICIT CURRENT ACCOUNT DEFICITS CURRENT ACCOUNT SURPLUS CURRENT ACCOUNT SURPLUSES DEBT COMPOSITION DEBTOR DEFAULT RATES DEFAULTS DEFICITS DEPOSIT DEPOSIT INSURANCE DEPOSITS DERIVATIVES DEVALUATION DEVELOPING COUNTRIES DEVELOPING COUNTRY DISCOUNT RATE DOMESTIC BANKING DOMESTIC CREDIT DOMESTIC LIQUIDITY EMERGING MARKET EMERGING MARKET BOND EMERGING MARKETS EXCHANGE RATE EXCHANGE RATES EXPENDITURE EXPENDITURES EXPORT PERFORMANCE EXPORTERS EXTERNAL BORROWING FEDERAL RESERVE FINANCIAL ASSETS FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL RISK FINANCIAL SECTOR DEVELOPMENTS FINANCIAL STABILITY FINANCIAL SYSTEM FINANCIAL SYSTEMS FISCAL DEFICIT FISCAL DEFICITS FISCAL POLICIES FISCAL POLICY FIXED EXCHANGE RATE FIXED EXCHANGE RATES FLEXIBLE EXCHANGE RATE FLOATING RATES FOREIGN BANK FOREIGN BANKS FOREIGN CAPITAL FOREIGN CURRENCY FOREIGN CURRENCY DEBT FOREIGN EXCHANGE FOREIGN EXCHANGE TRANSACTIONS GLOBAL ECONOMY GLOBAL MARKET GLOBAL MARKETS GOVERNMENT DEFICIT GOVERNMENT EXPENDITURES GOVERNMENT INTERVENTION GOVERNMENT INVOLVEMENT GOVERNMENT POLICIES GOVERNMENT POLICY GOVERNMENT REGULATION HOLDING HOLDINGS HOME EQUITY HOME OWNERSHIP HOMEOWNERSHIP HOUSEHOLD WEALTH IMPLICIT GUARANTEES INCOME GROWTH INFLATION INFLATIONARY PRESSURES INFORMATION TECHNOLOGY INSTRUMENT INSURANCE INSURANCE COMPANIES INTEREST PAYMENTS INTEREST RATE INTEREST RATE CHANGES INTEREST RATES INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCIAL CRISIS INTERNATIONAL FINANCIAL MARKETS INVENTORIES INVESTMENT FUNDS INVESTMENT OPPORTUNITIES INVESTMENT PROJECTS LENDERS LIQUIDITY LOAN LOAN GUARANTEE MACROECONOMIC MANAGEMENT MACROECONOMIC POLICIES MACROECONOMIC POLICY MARK TO MARKET MARK TO MARKET ACCOUNTING MARK-TO- MARKET MARK-TO- MARKET ACCOUNTING MARKET BORROWERS MARKET INFORMATION MARKET INSTABILITY MARKET LIQUIDITY MARKET MAKER MARKET PARTICIPANTS MARKET PRICES MARKET SHARE MARKET STRUCTURES MATURITY MATURITY MISMATCHES MATURITY STRUCTURE MONETARY AUTHORITIES MONETARY POLICIES MONETARY POLICY MORAL HAZARD MORTGAGE MORTGAGE INTEREST MORTGAGE LOANS MORTGAGE MARKETS MORTGAGES NATIONAL SAVINGS OIL PRICES OPEN ECONOMIES OUTSTANDING DEBT POLICY RESPONSE POLICY RESPONSES PORTFOLIO PORTFOLIO CHOICES PORTFOLIO DIVERSIFICATION PORTFOLIO INFLOWS PRIVATE CAPITAL PRIVATE DEBT PRUDENTIAL REGULATION PRUDENTIAL REGULATIONS PUBLIC ASSETS PUBLIC DEBT PUBLIC FINANCES PUBLIC SECTOR DEFICIT PUBLIC SPENDING PUSH FACTORS REMITTANCES REPO REPO FACILITY REPO RATE RESERVE RESERVE REQUIREMENTS RESERVES RETURNS RISK DIVERSIFICATION RISK FACTORS RISKY COLLATERAL SAFETY NETS SAVINGS RATES SECURITIES SHORT TERM INTEREST RATES STOCK MARKET STOCK MARKET CAPITALIZATION STOCK MARKETS STOCKS SWAP TAX TAX EXEMPTIONS TAX RATES TRADE FINANCE TRADING TRANSFER PAYMENTS TREASURIES UNDERLYING ASSETS VALUATION WITHDRAWAL WITHDRAWAL OF FUNDS |
| spellingShingle |
ACCOUNTING ASSET CLASS ASSET PRICE ASSET PRICES BAILOUT BALANCE SHEET BALANCE SHEETS BANK CREDIT BANK DEPOSITS BANK LIQUIDITY BANKING ASSETS BANKING SECTOR BANKING SECTORS BANKING SYSTEM BASIS POINTS BOND SPREADS BONDS BOOM BUST CYCLES CAPITAL ACCOUNT CAPITAL ACCOUNTS CAPITAL ADEQUACY CAPITAL FLOWS CAPITAL GAINS CAPITAL INFLOWS CAPITAL MARKETS CAPITAL MOBILITY CENTRAL BANK CENTRAL BANKS COLLATERAL COMMERCIAL BANKS COMMODITY PRICE COMMODITY PRICES CONSUMER DURABLES CREDIBILITY CREDIT EXPANSION CREDIT EXPANSIONS CREDIT GROWTH CREDIT MARKETS CREDIT RATING CREDIT RATING AGENCIES CREDIT RATINGS CREDITOR CREDITORS CREDITWORTHY BORROWERS CROSS-BORDER FLOWS CURRENCY COMPOSITION CURRENCY DEPRECIATION CURRENT ACCOUNT DEFICIT CURRENT ACCOUNT DEFICITS CURRENT ACCOUNT SURPLUS CURRENT ACCOUNT SURPLUSES DEBT COMPOSITION DEBTOR DEFAULT RATES DEFAULTS DEFICITS DEPOSIT DEPOSIT INSURANCE DEPOSITS DERIVATIVES DEVALUATION DEVELOPING COUNTRIES DEVELOPING COUNTRY DISCOUNT RATE DOMESTIC BANKING DOMESTIC CREDIT DOMESTIC LIQUIDITY EMERGING MARKET EMERGING MARKET BOND EMERGING MARKETS EXCHANGE RATE EXCHANGE RATES EXPENDITURE EXPENDITURES EXPORT PERFORMANCE EXPORTERS EXTERNAL BORROWING FEDERAL RESERVE FINANCIAL ASSETS FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL RISK FINANCIAL SECTOR DEVELOPMENTS FINANCIAL STABILITY FINANCIAL SYSTEM FINANCIAL SYSTEMS FISCAL DEFICIT FISCAL DEFICITS FISCAL POLICIES FISCAL POLICY FIXED EXCHANGE RATE FIXED EXCHANGE RATES FLEXIBLE EXCHANGE RATE FLOATING RATES FOREIGN BANK FOREIGN BANKS FOREIGN CAPITAL FOREIGN CURRENCY FOREIGN CURRENCY DEBT FOREIGN EXCHANGE FOREIGN EXCHANGE TRANSACTIONS GLOBAL ECONOMY GLOBAL MARKET GLOBAL MARKETS GOVERNMENT DEFICIT GOVERNMENT EXPENDITURES GOVERNMENT INTERVENTION GOVERNMENT INVOLVEMENT GOVERNMENT POLICIES GOVERNMENT POLICY GOVERNMENT REGULATION HOLDING HOLDINGS HOME EQUITY HOME OWNERSHIP HOMEOWNERSHIP HOUSEHOLD WEALTH IMPLICIT GUARANTEES INCOME GROWTH INFLATION INFLATIONARY PRESSURES INFORMATION TECHNOLOGY INSTRUMENT INSURANCE INSURANCE COMPANIES INTEREST PAYMENTS INTEREST RATE INTEREST RATE CHANGES INTEREST RATES INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCIAL CRISIS INTERNATIONAL FINANCIAL MARKETS INVENTORIES INVESTMENT FUNDS INVESTMENT OPPORTUNITIES INVESTMENT PROJECTS LENDERS LIQUIDITY LOAN LOAN GUARANTEE MACROECONOMIC MANAGEMENT MACROECONOMIC POLICIES MACROECONOMIC POLICY MARK TO MARKET MARK TO MARKET ACCOUNTING MARK-TO- MARKET MARK-TO- MARKET ACCOUNTING MARKET BORROWERS MARKET INFORMATION MARKET INSTABILITY MARKET LIQUIDITY MARKET MAKER MARKET PARTICIPANTS MARKET PRICES MARKET SHARE MARKET STRUCTURES MATURITY MATURITY MISMATCHES MATURITY STRUCTURE MONETARY AUTHORITIES MONETARY POLICIES MONETARY POLICY MORAL HAZARD MORTGAGE MORTGAGE INTEREST MORTGAGE LOANS MORTGAGE MARKETS MORTGAGES NATIONAL SAVINGS OIL PRICES OPEN ECONOMIES OUTSTANDING DEBT POLICY RESPONSE POLICY RESPONSES PORTFOLIO PORTFOLIO CHOICES PORTFOLIO DIVERSIFICATION PORTFOLIO INFLOWS PRIVATE CAPITAL PRIVATE DEBT PRUDENTIAL REGULATION PRUDENTIAL REGULATIONS PUBLIC ASSETS PUBLIC DEBT PUBLIC FINANCES PUBLIC SECTOR DEFICIT PUBLIC SPENDING PUSH FACTORS REMITTANCES REPO REPO FACILITY REPO RATE RESERVE RESERVE REQUIREMENTS RESERVES RETURNS RISK DIVERSIFICATION RISK FACTORS RISKY COLLATERAL SAFETY NETS SAVINGS RATES SECURITIES SHORT TERM INTEREST RATES STOCK MARKET STOCK MARKET CAPITALIZATION STOCK MARKETS STOCKS SWAP TAX TAX EXEMPTIONS TAX RATES TRADE FINANCE TRADING TRANSFER PAYMENTS TREASURIES UNDERLYING ASSETS VALUATION WITHDRAWAL WITHDRAWAL OF FUNDS Islam, Roumeen Nallari, Raj Of Floods and Droughts : The Economic and Financial Crisis of 2008 |
| geographic_facet |
The World Region The World Region |
| relation |
Policy Research working paper ; no. WPS 5237 |
| description |
This paper provides an overview of the
period prior to the recent global crisis, and the policies
that were adopted around the world in response to the
crisis. It highlights a number of key issues regarding
economic and financial policies that governments have faced
both globally and nationally. These are related to the
management of boom and bust episodes that deserve more
attention in policy circles in the future. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Islam, Roumeen Nallari, Raj |
| author_facet |
Islam, Roumeen Nallari, Raj |
| author_sort |
Islam, Roumeen |
| title |
Of Floods and Droughts : The Economic and Financial Crisis of 2008 |
| title_short |
Of Floods and Droughts : The Economic and Financial Crisis of 2008 |
| title_full |
Of Floods and Droughts : The Economic and Financial Crisis of 2008 |
| title_fullStr |
Of Floods and Droughts : The Economic and Financial Crisis of 2008 |
| title_full_unstemmed |
Of Floods and Droughts : The Economic and Financial Crisis of 2008 |
| title_sort |
of floods and droughts : the economic and financial crisis of 2008 |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100315152540 http://hdl.handle.net/10986/3723 |
| _version_ |
1764388003940139008 |
| spelling |
okr-10986-37232021-04-23T14:02:12Z Of Floods and Droughts : The Economic and Financial Crisis of 2008 Islam, Roumeen Nallari, Raj ACCOUNTING ASSET CLASS ASSET PRICE ASSET PRICES BAILOUT BALANCE SHEET BALANCE SHEETS BANK CREDIT BANK DEPOSITS BANK LIQUIDITY BANKING ASSETS BANKING SECTOR BANKING SECTORS BANKING SYSTEM BASIS POINTS BOND SPREADS BONDS BOOM BUST CYCLES CAPITAL ACCOUNT CAPITAL ACCOUNTS CAPITAL ADEQUACY CAPITAL FLOWS CAPITAL GAINS CAPITAL INFLOWS CAPITAL MARKETS CAPITAL MOBILITY CENTRAL BANK CENTRAL BANKS COLLATERAL COMMERCIAL BANKS COMMODITY PRICE COMMODITY PRICES CONSUMER DURABLES CREDIBILITY CREDIT EXPANSION CREDIT EXPANSIONS CREDIT GROWTH CREDIT MARKETS CREDIT RATING CREDIT RATING AGENCIES CREDIT RATINGS CREDITOR CREDITORS CREDITWORTHY BORROWERS CROSS-BORDER FLOWS CURRENCY COMPOSITION CURRENCY DEPRECIATION CURRENT ACCOUNT DEFICIT CURRENT ACCOUNT DEFICITS CURRENT ACCOUNT SURPLUS CURRENT ACCOUNT SURPLUSES DEBT COMPOSITION DEBTOR DEFAULT RATES DEFAULTS DEFICITS DEPOSIT DEPOSIT INSURANCE DEPOSITS DERIVATIVES DEVALUATION DEVELOPING COUNTRIES DEVELOPING COUNTRY DISCOUNT RATE DOMESTIC BANKING DOMESTIC CREDIT DOMESTIC LIQUIDITY EMERGING MARKET EMERGING MARKET BOND EMERGING MARKETS EXCHANGE RATE EXCHANGE RATES EXPENDITURE EXPENDITURES EXPORT PERFORMANCE EXPORTERS EXTERNAL BORROWING FEDERAL RESERVE FINANCIAL ASSETS FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL RISK FINANCIAL SECTOR DEVELOPMENTS FINANCIAL STABILITY FINANCIAL SYSTEM FINANCIAL SYSTEMS FISCAL DEFICIT FISCAL DEFICITS FISCAL POLICIES FISCAL POLICY FIXED EXCHANGE RATE FIXED EXCHANGE RATES FLEXIBLE EXCHANGE RATE FLOATING RATES FOREIGN BANK FOREIGN BANKS FOREIGN CAPITAL FOREIGN CURRENCY FOREIGN CURRENCY DEBT FOREIGN EXCHANGE FOREIGN EXCHANGE TRANSACTIONS GLOBAL ECONOMY GLOBAL MARKET GLOBAL MARKETS GOVERNMENT DEFICIT GOVERNMENT EXPENDITURES GOVERNMENT INTERVENTION GOVERNMENT INVOLVEMENT GOVERNMENT POLICIES GOVERNMENT POLICY GOVERNMENT REGULATION HOLDING HOLDINGS HOME EQUITY HOME OWNERSHIP HOMEOWNERSHIP HOUSEHOLD WEALTH IMPLICIT GUARANTEES INCOME GROWTH INFLATION INFLATIONARY PRESSURES INFORMATION TECHNOLOGY INSTRUMENT INSURANCE INSURANCE COMPANIES INTEREST PAYMENTS INTEREST RATE INTEREST RATE CHANGES INTEREST RATES INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCIAL CRISIS INTERNATIONAL FINANCIAL MARKETS INVENTORIES INVESTMENT FUNDS INVESTMENT OPPORTUNITIES INVESTMENT PROJECTS LENDERS LIQUIDITY LOAN LOAN GUARANTEE MACROECONOMIC MANAGEMENT MACROECONOMIC POLICIES MACROECONOMIC POLICY MARK TO MARKET MARK TO MARKET ACCOUNTING MARK-TO- MARKET MARK-TO- MARKET ACCOUNTING MARKET BORROWERS MARKET INFORMATION MARKET INSTABILITY MARKET LIQUIDITY MARKET MAKER MARKET PARTICIPANTS MARKET PRICES MARKET SHARE MARKET STRUCTURES MATURITY MATURITY MISMATCHES MATURITY STRUCTURE MONETARY AUTHORITIES MONETARY POLICIES MONETARY POLICY MORAL HAZARD MORTGAGE MORTGAGE INTEREST MORTGAGE LOANS MORTGAGE MARKETS MORTGAGES NATIONAL SAVINGS OIL PRICES OPEN ECONOMIES OUTSTANDING DEBT POLICY RESPONSE POLICY RESPONSES PORTFOLIO PORTFOLIO CHOICES PORTFOLIO DIVERSIFICATION PORTFOLIO INFLOWS PRIVATE CAPITAL PRIVATE DEBT PRUDENTIAL REGULATION PRUDENTIAL REGULATIONS PUBLIC ASSETS PUBLIC DEBT PUBLIC FINANCES PUBLIC SECTOR DEFICIT PUBLIC SPENDING PUSH FACTORS REMITTANCES REPO REPO FACILITY REPO RATE RESERVE RESERVE REQUIREMENTS RESERVES RETURNS RISK DIVERSIFICATION RISK FACTORS RISKY COLLATERAL SAFETY NETS SAVINGS RATES SECURITIES SHORT TERM INTEREST RATES STOCK MARKET STOCK MARKET CAPITALIZATION STOCK MARKETS STOCKS SWAP TAX TAX EXEMPTIONS TAX RATES TRADE FINANCE TRADING TRANSFER PAYMENTS TREASURIES UNDERLYING ASSETS VALUATION WITHDRAWAL WITHDRAWAL OF FUNDS This paper provides an overview of the period prior to the recent global crisis, and the policies that were adopted around the world in response to the crisis. It highlights a number of key issues regarding economic and financial policies that governments have faced both globally and nationally. These are related to the management of boom and bust episodes that deserve more attention in policy circles in the future. 2012-03-19T18:38:39Z 2012-03-19T18:38:39Z 2010-03-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100315152540 http://hdl.handle.net/10986/3723 English Policy Research working paper ; no. WPS 5237 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper The World Region The World Region |