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Economics
Given the interconnectedness of the global economy in trade, finance and investments, financial problems in the United States and the eurozone quickly spread to other countries. The impact on and reaction from developed countries and emerging markets differ based on their global economic integration and policy responses. Brookings experts explore the ongoing global effects of the crisis.
World Bank President Jim Yong Kim (L) speaks next to International Monetary Fund (IMF) Managing Director Christine Lagarde at a news conference during the Spring Meeting of the IMF and World Bank in Washington (REUTERS/Yuri Gripas).
Opinion
Our Job Deficiency: A Challenge to the IMF-World Bank
April 29, 2013, Bessma Momani
Bessma Momani examines the state of the global economy following the IMF-World Bank meetings and the ongoing debate over what tools and policies should be used to stimulate growth.
Refine by: Global Governance | Europe | Financial Markets and Services | International Monetary Fund
In the News
The IMF has made a call against austerity with no success. April 19, 2013, Domenico Lombardi, Los Angeles Times
The IMF has made a call against austerity with no success.
The U.S. doesn’t want that its benign neglect about Japan is interpreted as a green light or relaxation for China to pursue exchange-rate devaluation. April 12, 2013, Domenico Lombardi, Bloomberg
The U.S. doesn’t want that its benign neglect about Japan is interpreted as a green light or relaxation for China to pursue exchange-rate devaluation.
You can't just tax people in terms of their [spending] because you are not going to be able to get that $600 billion. So, the only way to go, the only wealth, was depositors and big despositors that we saw in these three large banks. They're going to have to pay the brunt of this crisis. April 2, 2013, Bessma Momani , CTV News
You can't just tax people in terms of their [spending] because you are not going to be able to get that $600 billion. So, the only way to go, the only wealth, was depositors and big despositors that we saw in these three large banks. They're going to have to pay the brunt of this crisis.
Having spearheaded IMF reform efforts in the first place, the U.S. is now holding its completion back. March 11, 2013, Domenico Lombardi, Financial Times
Having spearheaded IMF reform efforts in the first place, the U.S. is now holding its completion back.
There has been huge liquidity pumped into the system, but only a fraction translates [into economic support for businesses and households in the United States, Japan, Britain and the euro zone.] February 14, 2013, Domenico Lombardi, Washington Post
There has been huge liquidity pumped into the system, but only a fraction translates [into economic support for businesses and households in the United States, Japan, Britain and the euro zone.]
Interview | U.S.News & World Report
February 11, 2013, Robert Kagan
Expert Q & A | Justin Vaïsse and Douglas J. Elliott
December 12, 2012, Justin Vaïsse and Douglas J. Elliott
The main risk for the IMF is that it comes to be seen as less relevant to the region [Southeast Asia], both in terms of the advice it has to offer and in its role as provider of a financial safety net. November 14, 2012, Eswar Prasad, Bloomberg
The main risk for the IMF is that it comes to be seen as less relevant to the region [Southeast Asia], both in terms of the advice it has to offer and in its role as provider of a financial safety net.
In my view, the U.S. middle class is basically stagnant. There are some people in the U.S. middle class who are doing quite well, and are graduating to become rich. And there are other people who are doing much less well, and they are falling out of the middle class. October 24, 2012, Homi Kharas, Global Post
In my view, the U.S. middle class is basically stagnant. There are some people in the U.S. middle class who are doing quite well, and are graduating to become rich. And there are other people who are doing much less well, and they are falling out of the middle class.
In addition to accepting a much more diluted influence among the G-20, Japan needs to adjust to the reality of no longer being the single most important power in Asia. October 14, 2012, Domenico Lombardi, Wall Street Journal
In addition to accepting a much more diluted influence among the G-20, Japan needs to adjust to the reality of no longer being the single most important power in Asia.
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Kemal Derviş
Vice President and Director, Global Economy and Development
The Edward M. Bernstein Scholar
Ernesto Talvi
Nonresident Senior Fellow, Global Economy and Development
Michael W. Klein
Nonresident Senior Fellow, Economic Studies
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