The Social Impact of Financial Crises: Evidence from the Global Financial Crisis

Financial systems can contribute to economic development by providing people with useful tools for risk management, but when they fail to manage the risks they retain, they can create severe financial crises with devastating social and economic eff...

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Bibliographic Details
Main Authors:	Otker-Robe, Inci, Podpiera, Anca Maria
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ADULT LITERACY ADVANCED COUNTRIES ADVANCED ECONOMIES ADVERSE CONSEQUENCES ADVERSE IMPACTS AGGREGATE DEMAND ASSET PRICES ASSET VALUES BALANCE SHEETS BANK DEPOSITS BANKRUPTCY BORROWING CANCER CAPITAL INFLOWS CAPITAL INVESTMENTS CASH PAYMENTS CHILD HEALTH CITIZENS CLEAN WATER CLIMATE CHANGE COMMODITY COMMODITY PRICES CONTINGENT LIABILITIES CURRENCY DEBT DEBT CRISIS DEPOSIT DEPOSIT RATE DEPOSIT RATES DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DISABILITY DISEASES DISTRIBUTION OF INCOME DOMESTIC POVERTY EARLY CHILDHOOD ECONOMIC ACTIVITY ECONOMIC ANALYSIS ECONOMIC CONDITIONS ECONOMIC CRISES ECONOMIC CRISIS ECONOMIC DEVELOPMENT ECONOMIC DOWNTURN ECONOMIC DOWNTURNS ECONOMIC GROWTH ECONOMIC OUTCOMES ECONOMIC PERFORMANCE ECONOMIC PROGRESS ECONOMIC RECOVERY ELDERLY EMERGING MARKET EMERGING MARKET COUNTRIES EMERGING MARKET ECONOMIES EMPLOYMENT TRENDS EQUITY PRICES EXTERNAL FINANCING EXTREME POVERTY FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL FLOWS FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL RISKS FINANCIAL SECTOR FINANCIAL SUPPORT FINANCIAL SYSTEMS FISCAL POLICY FOOD PRICES FOREIGN CAPITAL FOREIGN CURRENCY FOREIGN MARKETS GDP GDP PER CAPITA GENDER EQUALITY GENDER PARITY GLOBAL DEVELOPMENT GLOBAL ECONOMY GLOBAL FINANCIAL SYSTEM GROWTH RATE HEALTH CARE HEALTH FACILITIES HEALTH INSURANCE HEALTH POLICY HEALTH SERVICES HEALTHY LIFE HOUSEHOLD INCOME HOUSEHOLD SURVEYS HOUSING ASSISTANCE HUMAN CAPITAL HUMAN DEVELOPMENT IFS ILLNESS IMMIGRANTS INCOME GROUP INCOME GROUPS INCOME INEQUALITY INCOME LEVELS INDIVIDUAL HOUSEHOLDS INFANT INFANT MORTALITY INFRASTRUCTURE INVESTMENT INSTITUTIONAL CAPACITY INTERNATIONAL COMMUNITY INTERNATIONAL FINANCIAL MARKETS INTERNATIONAL LABOR ORGANIZATION INVESTMENT IN EDUCATION JOB CREATION LABOR FORCE LABOR MARKET LABOR MARKETS LABOR MIGRATION LIFE EXPECTANCY LIVE BIRTHS LIVING STANDARDS LONG TERM UNEMPLOYMENT LOW INTEREST RATES LOW-INCOME COUNTRIES MACROECONOMIC POLICIES MACROECONOMIC SHOCKS MARKET CONDITIONS MARKET ECONOMIES MARKET ENTRY MARKET INDEX MARKET PRICES MATERNAL MORTALITY MATERNAL MORTALITY RATES MATERNAL MORTALITY RATIO MENTAL HEALTH MIDDLE INCOME COUNTRIES MIDDLE INCOME COUNTRY MIDDLE-INCOME COUNTRIES MIGRANT MIGRANT WORKERS MIGRATION MILLENNIUM DEVELOPMENT GOALS MONETARY AUTHORITIES MORAL HAZARD MORTALITY MORTALITY RATE NATIONAL AUTHORITIES NATIONAL GOVERNMENTS NATURAL DISASTERS NEWS RELEASE NUMBER OF PEOPLE NUTRITION NUTRITIONAL STATUS OFFICIAL DEVELOPMENT ASSISTANCE OLD AGE OLD-AGE OPPORTUNITY COST OUTPUT PAYMENTS SERVICES PEACE PENSIONS PER CAPITA INCOMES POLICY DEVELOPMENTS POLICY IMPLICATIONS POLICY MAKERS POLICY RESEARCH POLICY RESEARCH WORKING PAPER POOR HEALTH PRIMARY EDUCATION PRODUCTIVE ASSETS PRODUCTIVITY PROGRESS PUBLIC PERCEPTIONS PUBLIC SERVICES RATE OF GROWTH REAL WAGES REMITTANCE REMITTANCES RESPECT RISK MANAGEMENT RISK SHARING SAFETY SAFETY NET SAFETY NETS SANITATION SAVINGS SECONDARY EDUCATION SINGLE-PARENT FAMILIES SOCIAL AFFAIRS SOCIAL COHESION SOCIAL CONSEQUENCES SOCIAL COSTS SOCIAL EXPENDITURES SOCIAL IMPACT SOCIAL INCLUSION SOCIAL POLICY SOCIAL PROGRAMS SOCIAL PROTECTION SOCIAL RISKS SOCIAL SAFETY NETS SOCIAL SECTOR SOCIAL SERVICES SOCIAL SUPPORT SOCIAL WELFARE SOVEREIGN DEBT STOCK MARKET SUBSTANCE ABUSE TAX TAX REVENUES TERTIARY LEVEL UNEMPLOYED UNEMPLOYMENT UNEMPLOYMENT RATE UNEMPLOYMENT RATES UNEMPLOYMENT STATISTICS URBAN POVERTY VOLATILITY VULNERABILITY WAGE POLICIES WAGES WEALTH WOMAN WORKING HOURS WORLD DEVELOPMENT INDICATORS WORLD ECONOMY WORLD HEALTH ORGANIZATION WORLD POPULATION YOUNG CHILDREN YOUNG PEOPLE coping strategies
Online Access:	http://documents.worldbank.org/curated/en/2013/11/18512644/social-impact-financial-crises-evidence-global-financial-crisis http://hdl.handle.net/10986/16912

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http://documents.worldbank.org/curated/en/2013/11/18512644/social-impact-financial-crises-evidence-global-financial-crisis
http://hdl.handle.net/10986/16912

The Social Impact of Financial Crises: Evidence from the Global Financial Crisis

Internet

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