Policy Lessons for Macroeconomic and Financial Crisis Management in the Southern and Eastern Mediterranean
09/11/2013
Policy Lessons for Macroeconomic and Financial Crisis Management in the Southern and Eastern Mediterranean
The 2007-09 global financial crisis 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 southern and eastern Mediterranean countries (SEMCs)1 have also faced declining economic activity, although there seems to be considerable variation in the relative magnitudes and timing of the decline. Most of the economies in the Mediterranean basin have had delayed but longer-lasting consequences as a result of the crisis, driven mostly by their endemic trade and investment ties with the EU2 and the Gulf Cooperation Council (GCC) countries.
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.