Tag: financial crisis

Financial crises at a glance: bank crashes, geopolitics and how long til the rebound?

Here are two illuminating graphics from the Financial Times and Economist. First up is a figure from Martin Wolf’s latest column in the FT, itself based on a new paper by Carmen Reinhart and Kenneth Rogoff, showing the proportion of the world economy affected by banking crises, from 1900-2008. Its main features are a spike around […]

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How much is $700bn?

The arguments for a bailout to avoid systemic collapse are of course genuine and persuasive, but so are the arguments for aid and against standing by and allowing a child to die every 3 seconds, or a woman to die in childbirth every minute. To put the proposed Wall Street bailout into perspective. $700bn: · Would […]

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How will the meltdown affect development?

If the current financial meltdown causes the US and Europe to sneeze, will poor countries catch cold, succumb to pneumonia, or have they discovered a new flu vaccine in the growing economic presence of China? I’m currently on a visit to East Africa, and that is the question that is preoccupying many of its leaders. […]

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Bailouts v aid v climate change – $ reveals priorities

The most popular post ever on this blog was ‘How much is $700bn‘ – a set of ‘killer facts‘ on the initial US bailout. These days $700bn feels like small change, so it’s time for an update in the run up to Saturday’s Financing for Development meeting in Doha and Monday’s start to this year’s big […]

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Meltdown Miscellany: stats and soundbites on the development impact

Here are a few of the things that have crossed my screen on the impact of the meltdown on developing countries. I would really appreciate suggestions for more sources on this – especially on the distributive impact within and between countries.

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What Happened at the G20 Summit on Saturday?

Some initial thoughts on the emergency summit in Washington DC, held to respond to the financial crisis. First, some positives: it was the first time the G20 have met at heads of state level. Could this mark the start of the eclipse of the G8, as major developing countries take a seat at a larger […]

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Why my wife is half-right on the Tobin Tax

I’ve always been a bit of a Tobin Tax sceptic, which made for interesting domestic dynamics when my wife Cathy was director of War on Want, one of the main TT advocates in the UK (she’s since moved on to become a psychotherapist – I say it’s a natural progression from NGOs; she doesn’t think […]

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Meltdowns compared: Financial v Climate Crises

Some highlights from a thought-provoking exchange with my colleague Sarah Best, who works on private sector and climate change issues. Similar causes · The roots of the financial crisis lie in a failure to properly assess risk (e.g. of sub-prime loans), an absence of proper oversight and regulation (e.g. of complex financial instruments) and consumption beyond […]

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