How do financial crises affect income distribution and the poor? A recent IMF study shows that poverty rises and, in some cases, so does inequality—underscoring the need for adequate and flexible ...

Investors cheered Donald Trump’s election victory in November, but his tariffs have cooled that enthusiasm in recent weeks.

Since 1982, emerging markets have been rocked by three major financial crises. How can they manage the risks associated with greater integration into the international financial system? Since the Thai ...

A recession is a persistent downturn in economic activity. Here we look at the causes and effects of major U.S. recessions ...

Contagion Effect Leading to Global Financial Crisis The financial markets’ collapse in the U.S. had a contagion effect that spread to other countries, with many economists dubbing it a global ...

The Global Financial Crisis of 2007-2008 was widely blamed on the subprime crisis and its fallout, which led to the collapse of Lehman Brothers in 2008, with the US government forced to bail out ...