How Does the Financial Crisis Affect Developing Countries?

The global economy is in crisis as a result of inadequate regulation and supervision of banks and financial markets. The prudential regulation and supervision recommended to developing countries was largely ignored in the developed nations. No country, however, is spared from the consequences of the...

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Bibliographic Details
Authors: Alarcón, Diana, Griffith-Jones, Stephany, Ocampo, José Antonio
Format: article
Status:Published version
Publication Date:2009
Country:Brasil
Institution:Instituto de Pesquisa Econômica Aplicada (IPEA)
Repository:Repositório Institucional da IPEA (RCIpea)
Language:English
OAI Identifier:oai:repositorio.ipea.gov.br:11058/14960
Online Access:https://repositorio.ipea.gov.br/handle/11058/14960
Access Level:Open access
Keyword:Financial Crisis
Developing Countries
Description
Summary:The global economy is in crisis as a result of inadequate regulation and supervision of banks and financial markets. The prudential regulation and supervision recommended to developing countries was largely ignored in the developed nations. No country, however, is spared from the consequences of the downturn. The impact on developing countries is even greater. (...)