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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Main Authors: Islam, Roumeen, Nallari, Raj
Format: Policy Research Working Paper
Language:English
Published: 2012
Subjects:
TAX
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
id okr-10986-3723
recordtype oai_dc
repository_type 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