An Assessment of the Global Impact of the Financial Crisis

1. Front Matter

   Pages i-xvi

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2. Introduction

   • Philip Arestis, Rogério Sobreira, José Luis Oreiro

   Pages 1-11

3. Current Crisis in the US and Economic Policy Implications

   • Philip Arestis, Elias Karakitsos

   Pages 12-35

4. The Global Economic and Financial Crisis: Which Way Forward?

   • Ajit Singh, Ann Zammit

   Pages 36-59

5. Crises and the Bretton Woods Institutions and the Crises of the Bretton Woods Institutions

   • Howard Stein

   Pages 60-83

6. Crisis in the Euro Zone

   • Jonathan Perraton

   Pages 84-107

7. The Impact of the Current Crisis on Emerging Market and Developing Countries

   • Jesus Ferreiro, Felipe Serrano

   Pages 108-134

8. The Crisis in Western and Eastern EU: Does the Policy Reaction Address its Origins?

   • Özlem Onaran

   Pages 135-158

9. The Impact of the Subprime Financial Crisis on the Transition and Central Asian Economies: Causes and Consequences

   • Nigel F. B. Allington, John S. L. McCombie

   Pages 159-181

10. The World Financial Crisis and the Implications for China

    • Shujie Yao, Jing Zhang

    Pages 182-208

11. The 2008 Financial Crisis and Banking Regulation in Brazil

    • Luiz Fernando de Paula, Rogério Sobreira

    Pages 209-235

12. Exchange-Rate Derivatives, Financial Fragility and Monetary Policy in Brazil during the World Financial Crisis

    • José Luis Oreiro, Flavio Basilio

    Pages 236-260

13. Back Matter

    Pages 261-270

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This topical volume analyzes the impact of the 2008 financial crisis. It considers the origins and explanations of the current crisis, examines the regulatory implications and, with specific focus on developing countries, it provides a strategy for economic growth that can guarantee financial stability in the future.

• Developing Countries
• economic growth
• economic policy
• growth
• monetary policy

• Cambridge Centre for Economics and Public Policy, Department of Land Economy, University of Cambridge, UK

  Philip Arestis

• Department of Applied Economics V, Universidad del País Vasco, Spain

  Philip Arestis

• Department of Economics, University of Utah, USA

  Philip Arestis

• Levy Economics Institute, New York, USA

  Philip Arestis

• Leeds Business School, University of Leeds, UK

  Philip Arestis

• Department of Finance and Management Studies, School of Oriental and African Studies (SOAS), University of London, UK

  Philip Arestis

• UK Government Economic Service (GES) on Professional Developments in Economics, UK

  Philip Arestis

• Brazilian School of Public and Business Administration, Getulio Vargas Foundation, Brazil

  Rogério Sobreira

• University of Brasilia (UnB), Brazil

  José Luis Oreiro

• National Scientific Council (CNPq/Brazil), Brazil

  José Luis Oreiro

• Brazilian Keynesian Association (AKB), Brazil

  José Luis Oreiro

FLAVIO BASILIO Universidade de Brasilia, Brazil LUIZ FERNANDO DE PAULA University of the State of Rio de Janeiro, Brazil JESUS FERREIRO University of the Basque Country, Spain ELIAS KARAKITSOS Guildhall Asset Management, UK JOHN MCCOMBIE Cambridge University, UK RAMONA MEYRICKE University of Cambridge, UK ÖZLEM ONARAN Middlesex University, UK JONATHAN PERRATON University of Sheffield, UK FELIPE SERRANO University of the Basque Country, Spain AJIT SINGH Cambridge University, UK SHUJIE YAO University of Nottingham, UK HOWARD STEIN University of Michigan, US ANN ZAMMIT UNRISD, Geneva JING ZHANG University of Nottingham, UK

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