Working Papers


  • 29-October-2009

    English

    Understanding the world trade collapse

    This paper shows that world demand (to which trade has become more responsive in recent decades) can explain most of the collapse in world trade, but that tight credit conditions have likely amplified the short-term trade response.

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  • 15-October-2009

    English

    Iceland: The Financial and Economic Crisis (Economics Department Working Paper 725)

    This working paper begins with a discussion of the factors that made the banks, non-financial firms and households vulnerable to deterioration in global financial markets. It then describes the failure of the banks, its direct impact on government debt, the IMF SBA and the economic outlook.

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