Macroeconomic and Financial Crisis Management in the Southern and Eastern Mediterranean: Diagnosis and Prospects
13/12/2013
Macroeconomic and Financial Crisis Management in the Southern and Eastern Mediterranean: Diagnosis and Prospects
The global financial crisis, which started in the summer of 2007 and deepened in the aftermath of the Lehman failure in September 2008, has led to a virtual collapse in economic activity and increased financial volatility worldwide. For the developing countries, the main channel of transmission has been a drop in external transactions, such as trade, financial and capital flows, and remittances. The emerging economies in the southern and eastern Mediterranean have also faced declining economic activity, although there seems to be considerable variation in the relative magnitude and timing. Most of these economies have shown a delayed but more lasting response to the crisis, driven mostly by their close trade and investment ties with the EU and the Gulf Cooperation Council (GCC) countries. This book explores the fiscal, monetary and financial effects of the crisis in the region and provides an in-depth analysis of the fiscal, monetary and banking policies in the post-crisis era, the viability of their exit strategies and the future of reforms in the region. These analyses not only provide a comprehensive comparison between the countries but also provide a solid basis for assessing future economic and financial developments and reforms in the region.
Download
Cookies are important for you, they influence on your browsing experience, they help us to protect your privacy and allow us to proceed with your requests that you demand through the website. We use our own and third-party cookies to analyze our services and provide you with advertising related to your preferences on the basis of a profile made with your browsing habits (for example, visited pages). If you consent to its installation, click on "Accept Cookies", or you can also set your preferences by pressing "Cookie settings". More information in our "Cookies Policy".
This is the advanced settings system for own and third-party cookies. Here you can modify parameters that will directly affect your browsing experience on this website.
These cookies are related to general characteristics such as, for example, the browser you use, and provide you with a personalised experience and content.
They allow anonymous measurement of the number of visits or the activity. They enable us to improve constantly your browsing experience. They will allow you to enjoy continuous improvement in your browsing experience.
They allow us to show you personalised advertising that is relevant to you. Thanks to these cookies you will not see adverts which do not interest you. You will enjoy advertising adapted to you and your preferences.