World Bank2014-12-242014-12-242009-02https://hdl.handle.net/10986/20973In this issue: lessons from World Bank research on past crises; focus: how should developing countries respond to the current crisis? Financial market failures: searching for lessons, not Scapegoats; bailing out the world's poorest; are all the sacred cows dead? Beyond Doha; and the impact of the financial crisis on the developing world.en-USCC BY 3.0 IGOACCESS TO FINANCINGADVERSE EFFECTSAGGREGATE DEMANDASSET PRICEASSET PRICESBAILOUTBALANCED BUDGETBANK BORROWINGBANK LENDINGBANKING INDUSTRYBANKING SECTORBANKING SYSTEMBENEFICIARIESBONDBOND ISSUANCEBUSINESS CLIMATEBUSINESS CYCLECAPITAL ADEQUACYCAPITAL CONTROLSCAPITAL FLIGHTCAPITAL FLOWSCAPITAL MARKETCAPITAL MARKET DEVELOPMENTCAPITAL OUTFLOWSCAPITAL REQUIREMENTSCAPITAL STRUCTURECASH TRANSFERCENTRAL BANKCOLLECTIVE ACTIONCOMMODITIESCOMMODITYCOMMODITY PRICECOMMODITY PRICESCOMPENSATION FUNDCONNECTIVITYCREDIBILITYCREDIT DEFAULTCREDIT DEFAULT SWAPSCREDIT RATINGSCREDIT RISKCREDITORSCRISIS MANAGEMENTCURRENCYCURRENT ACCOUNTCURRENT ACCOUNT BALANCESCURRENT ACCOUNT DEFICITSCURRENT ACCOUNT SURPLUSDEBTDEBT ACCUMULATIONDEBT CRISISDEBT OBLIGATIONSDEBT SUSTAINABILITYDEFERRED COMPENSATIONDEPOSITORSDEREGULATIONDEVELOPING COUNTRIESDEVELOPING COUNTRYDEVELOPING ECONOMIESDOMESTIC MARKETDOWNWARD PRESSUREEARNINGSECONOMETRIC EVIDENCEECONOMIC CONTRACTIONECONOMIC COSTECONOMIC DEVELOPMENTECONOMIC DOWNTURNSEMERGENCY FINANCINGEMERGING ECONOMIESEMERGING MARKETEMERGING MARKET ECONOMIESEMERGING MARKETSENTERPRISE PERFORMANCEENVIRONMENTAL CONCERNSEQUITY MARKETSEXCHANGE RATEEXCHANGE RATESEXPANSIONARY FISCAL POLICYEXPORTERSEXPOSUREEXPOSURESEXTERNAL FINANCINGEXTERNAL SHOCKSEXTERNAL TRADEFINANCIAL ASPECTSFINANCIAL CRISESFINANCIAL CRISISFINANCIAL DEVELOPMENTFINANCIAL ENGINEERINGFINANCIAL FRAGILITYFINANCIAL INSTABILITYFINANCIAL INSTITUTIONSFINANCIAL INTEGRATIONFINANCIAL INTERMEDIARIESFINANCIAL MARKETFINANCIAL MARKETSFINANCIAL POLICIESFINANCIAL REGULATIONFINANCIAL SAFETY NETSFINANCIAL SECTORFINANCIAL SECTOR POLICIESFINANCIAL STABILITYFINANCIAL SYSTEMFINANCIAL SYSTEMSFISCAL DEFICITSFISCAL POLICYFISCAL POSITIONSFOOD PRICESFOREIGN DEBTFOREIGN DIRECT INVESTMENTFOREIGN INVESTMENTFRAUDFUTURE INCOMESGLOBALIZATIONGOVERNMENT ACTIONHIGH INFLATIONHOUSING FINANCEINCENTIVE STRUCTUREINCOMEINCOMESINDUSTRIAL COUNTRIESINFLATIONINFLATION TARGETINGINFLATIONARY PRESSUREINFLATIONARY PRESSURESINFORMATION SYSTEMSINFRASTRUCTURE PROJECTSINSTRUMENTINSURANCEINSURANCE COMPANYINTANGIBLEINTEREST RATESINTERNATIONAL FINANCEINTERNATIONAL RESERVESINTERNATIONAL TRADEINVESTMENT BANKINGINVESTMENT BANKSINVESTMENT COMPANIESLEVELS OF RISKLEVERAGELEVYLIQUID ASSETSLIQUIDITYLOCAL CURRENCIESLONG-TERM COSTSLOSS OF CONFIDENCELOSS OF LIQUIDITYLOW INTEREST RATESMACROECONOMIC GROWTHMACROECONOMIC POLICIESMACROECONOMIC STABILIZATIONMARK-TO-MARKETMARK-TO-MARKET ACCOUNTINGMARKET DISCIPLINEMARKET FAILUREMARKET FAILURESMARKET INFORMATIONMARKET VALUESMONETARY AUTHORITIESMONETARY FUNDMONETARY POLICIESMONETARY POLICYMONOPOLYNATURAL DISASTERSNEW MARKETOIL PRICESOUTPUTPARTICULAR COUNTRYPENSIONPENSION FUNDSPOLICY RESPONSEPOLICY RESPONSESPORTFOLIOPORTFOLIO INVESTMENTSPRICE STABILITYPRIVATE CAPITALPRIVATE CAPITAL FLOWSPRIVATE INVESTMENTPRODUCTIVITYPRUDENTIAL REGULATIONPUBLIC DEBTPUBLIC SPENDINGRAPID INFLATIONRATES OF GROWTHRECESSIONRECESSIONSREGULATORSREGULATORY STANDARDSREMITTANCESRENTSRESEARCH ASSISTANCERESERVERESERVESRISK AVERSIONRISK MANAGEMENTSAFETY NETSAFETY NETSSAVINGSSAVINGS RATESLOWDOWNSOCIAL INSURANCESOCIAL PROTECTIONSOCIAL SAFETY NETSSPENDING INCREASESTOCK MARKETSTOCK PRICESSTOCKSSUBORDINATED DEBTSUPERVISORY AUTHORITIESSYSTEMIC CRISISTAXTAX POLICYTRADE CREDITTRADINGTRADING SYSTEMTRANSFER PAYMENTSTRANSITION ECONOMYTRANSPARENCYUNEMPLOYMENTWAGEWORLD ECONOMYWORLD MARKETSWORLD TRADEWORTH10.1596/20973