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Impact of the Global Financial Crisis on Emerging Markets

Year: 2024

Type: article

Abstract: This paper explores the impact of the 2007-2008 Global Financial Crisis on Brazil and India and analyzes their policy responses. Both countries used monetary policies and fiscal stimulus to mitigate the crisis, with Brazil focusing on interest rate cuts and infrastructure investment, while India emphasized social welfare and rural development. Structural reforms in both countries improved financial stability and economic diversification, contributing to their post-crisis recovery and demonstrating resilience. The paper underscores the importance of timely and targeted policy interventions for long-term stability in emerging markets.

Source: Frontiers in Business Economics and Management

DOI: 10.54097/amdewv22

Author: Guanlin Chen

Language: English

Topic: Global Financial Crisis and Policies

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: diamond

OpenAlex ID: W4404146744

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