Crunch Time Fiscal Crises And

The Great Recession of 2008-2009: Causes, Consequences …

prevalence of crises throughout history, before turning to the boom years of 2002-2007, which was also accompanied by a food and oil crisis in developing countries. Next, the paper provides a summary of the causes, consequences and policy responses of governments to the global financial crisis that took hold in 2007 (sections 3-4).

  Recessions, Crises