The Crisis Hits Home

The Crisis Hits Home

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The crisis threatens the welfare of about 160 million people in the Europe and Central Asia region and a new round of price increases triggered by currency adjustments is expected. However, compared with previous crises, households and governments alike face difficult choices over spending priorities.US dollar) Kazakhstan (vs. ... growth in developed markets.7 Credit Market Shocks Funding pressures and rising credit risks within domestic banking sectors have resulted in a general ... On the quantity side, many countries in ECA have seen a rapid deceleration in the expansion of domestic credit, reflecting the drying up ofanbsp;...

Title:The Crisis Hits Home
Publisher:World Bank Publications - 2010


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