03. Journals
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These are journal articles published in World Bank journals as well as externally by World Bank authors.
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Publication
Policy Responses to the Global Economic Crisis
(World Bank, 2009-12-01) Lin, Justin YifuWhile we are observing some “green shoots,” it is too soon to speak of a recovery. We can, however, identify some key forces that are likely to shape any future growth path. -
Publication
Growing Out of Crisis
(World Bank, 2009-12-01) Nallari, RajIs the financial crisis over and could it happen again? We asked experts with diverse perspectives to address the key questions that concern the developing countries. -
Publication
Small States Face Big Challenge
(World Bank, 2009-12-01) Venner, DwightWhich conclusions can be drawn from the experience of small states, such as the Eastern Caribbean Currency Union (ECCU), to prepare and mitigate the impact of financial and economic crises? -
Publication
The Economic and Fiscal Consequences of Financial Crises
(World Bank, 2009-12-01) Reinhart, Carmen M.The Ds: Sharp economic downturns follow banking crises; with government revenues falling, fiscal deficits worsen; deficits lead to debt; as debts pile up rating downgrades follow. For the most fortunate countries it does not end in default. -
Publication
The Crisis and the World's Poorest
(World Bank, 2009-12-01) Ravallion, MartinThe crisis in the developed world has spilled over into the lives of the world’s poorest, who are particularly vulnerable even to the smallest income shocks. -
Publication
After the Crisis
(World Bank, 2009-12-01) Zoellick, Robert B.In 2009, we are living through an upheaval that is changing our world. What will be the implications for the future? -
Publication
South Africa's Policy May Offset the Financial Downturn
(World Bank, 2009-12-01) Kahn, BrianSouth Africa’s policy response to the crisis should to some extent help contain the contraction. Nevertheless, the recovery is likely to be slow and hesitant. -
Publication
Shock Producers and Shock Absorbers in the Crisis
(World Bank, 2009-12-01) Sinn, Hans-WernerIt is not surprising that the U.S. has been by far the world’s largest shock producer in this crisis. The big shock absorbers on the other hand were Japan, Russia and Germany, whose exports shrank more than their imports. -
Publication
Growth is Disappearing and May Not Recover in the Medium Run
(World Bank, 2009-12-01) Gligorov, VladimirCountries in Central, Eastern and South Eastern Europe have been hit hard by the global crisis. There is a need to rethink the growth model because a return to the status quo ante does not seem realistic. -
Publication
Trade Openness Is Now More Important Than Ever
(World Bank, 2009-12-01) Krueger, Anne O.Protectionism constitutes a double threat. It can make recovery from the recession slower and reduce the growth potential of the international economy once recovery has taken hold.