The Impact of the Global Crisis on South Asia

The Impact of the Global Crisis on South Asia
1. INTRODUCTION
What is the Global Crisis
The first global financial crisis of the 21st century
began with problems in the sub-prime mortgage market in the US
spread around the world in September 2008
Firms and households reduce spending, resulting in a sharp economic slowdown
CONTENTS
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2. Conventional Wisdom And The Crisis
IMF (2008) pointed to the importance of policy measures to increase demand and restore economic confidence.

The optimal fiscal package
Timely, large, lasting, diversified, contingent, collective, and sustainable.
2. Conventional Wisdom And The Crisis
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[pptx/pdf]The Impact of the Global Crisis on South Asia