The global economy is in crisis as a result of inadequate regulation and supervision of banks and financial markets. The prudential regulation and supervision recommended to developing countries was largely ignored in the developed nations. No country, however, is spared from the consequences of...

This working paper has been commissioned by the Poverty Group, Bureau for Development Policy at UNDP, to identify the transmission mechanisms of the financial crisis from developed to developing countries and to provide broad policy recommendations at the national, global and regional level. The...

This working paper has been commissioned by the Poverty Group, Bureau for Development Policy at UNDP, to identify the transmission mechanisms of the financial crisis from developed to developing countries and to provide broad policy recommendations at the national, global and regional level. The...

[eng] This paper details the evolution of foreign exchange assets in different parts of the developing world, the relative importance of the current vs. the capital accounts as the source of those assets, and discusses some categorizations of sovereign wealth funds (SWFs). Then, it briefly...

One Pager No. 81 ? How Does the Financial Crisis Affect Developing Countries? by Diana Alarcon, Poverty Practice, Bureau for Development Policy, UNDP; Stephany Griffith-Jones, Columbia University; and José Antonio Ocampo, Columbia University