Overseas Development Institute Global Financial Crisis Discussion Series Paper 4: Cambodia Hossein Jalilian‚ Chan Sophal‚ Glenda Reyes and Saing Chan Hang‚ with Phann Dalis and Pon Dorina Global Financial Crisis Discussion Series Paper 4: Cambodia1 Hossein Jalilian‚ Chan Sophal‚ Glenda Reyes and Saing Chan Hang‚ with Phann Dalis and Pon Dorina May 2009 Overseas Development Institute 111 Westminster Bridge Road London SE1 7JD 1 This study was prepared by researchers at the Cambodia
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Fiscal Policy‚ Debt and Budget deficits in Thailand The size of Thailand government debt To judge the size of Thailand government debt is to compare it to the debt of other countries and to the debt that Thailand has had during the own past. Table 1 shows the amount of government debt for 34 countries express as a percentage of each country’s GDP in year 2009 and year 2010.On the top of the list are the heavily indebted countries of Japan and Italy‚ which have accumulated a debt that exceed
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Bank (2010). Global Economic Prospects: Crisis‚ Finance‚ and Growth. World Bank‚ Washington‚ D.C. 7. World Bank/IMF (2009) Global Monitoring Report 2009: A Development Emergency. World Bank‚ Washington D.C. 8. The World Bank. Global Economic Prospects. Washington‚ DC: International Bank for Reconstruction and Development/The World Bank‚ 2009. 9. Asian Development Bank. Asian Development Outlook 2009. Mandaluyong City: Asian Development Bank‚ 2009. 10. “Crisis Deals Sharp Blow to Asian Growth.” IMF
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Nowadays‚ the economy of the world plunges into an awkward situation. The entire world meets a global economic crisis or recession‚ especially in the United States. After World War Ⅱ‚ this recession is the biggest recession for the America. Most of people express worried about this recession; absolutely they recall the memory about the Great Depression which was the most enormous economic crisis in the American history. They are anxious because it seems like the United States is going through another
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Case Study: Economic Crisis and Higher Education in the United States The 2008–2012 economic failure is considered by many economists and investors to be the worst financial crisis since the Great Depression of the 1930s. It results in the risk of total collapse from big financial firms‚ the bailout of banks by national governments‚ and downturns in stock markets around the world. The crisis also plays a significant role in the crash of key businesses and collapse of housing market‚ results in
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Guina founder and editor of Cash Money Life‚ and auther of "The 2008-2009 Financial Crisis – Causes and Effects" that financial institutions such as mortgage brokers started to give high risk loans to people‚ who wants to buy a property. These firms did not manage the riskiness
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on adjustable mortgage resulted in subprime crisis‚ tight credit standards of US financial institutions due to deteriorating balance sheets further resulted in widespread credit contraction. Loss of consumer confidence and precipitous decline in consumption caused sharp declines in economic activities as demand was generally low. These interplay threaten a recession because of increase in general prices‚ declining real output growth‚ weakened financial systems that resulted in bankruptcy and take
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global recession. Global financial crisis‚ increasing for a while‚ began to show its results in the mid of 2007 into 2008. Worldwide stock markets have subsided‚ financial institutions have dropped and governments in even the richest nations have had to develop packages to assist their financial organizations. Recession is defined as a slowdown of activities in the economy over a time. The major effect of recession is Inflation as well as currency crisis. A decrease in income may be another
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Recession 16Specifically‚ Freund (2009) defines global downturns as years when world real GDP growth is (1) below 2 percent‚ (2) more than 1.5 percentage points below the previous five-year average‚ and (3) at its minimum relative to the previous two years and the following two years. 1975‚ 1982‚ 1991‚ 2001‚ and 2008 Freund (2009) describes the evolution of world trade following four previous global downturns. She finds that the size of the decline in world trade during these episodes is
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Introduction The current state of the world economy is quite uncertain. Economic statistics that governments and other financial institutions use to project the economy imply that the world economy is shrinking. Since 2008‚ the state of the American economy has not been attractive. For instance‚ the United States economy has not registered any significant growth for the last three years. The 2011 second quarter results indicated that gross domestic product improved by 1%. At the same time‚ there
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