| 000 -LEADER |
|---|
| fixed length control field |
01215pab a2200169 454500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
|---|
| fixed length control field |
180718b2010 xxu||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME |
|---|
| Personal name |
Dhameja, Nand |
| 245 ## - TITLE STATEMENT |
|---|
| Title |
Global financial crisis: impact, challenges & way-out |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. |
|---|
| Date of publication, distribution, etc. |
2010 |
| 300 ## - PHYSICAL DESCRIPTION |
|---|
| Extent |
p.336-49. |
| 362 ## - DATES OF PUBLICATION AND/OR SEQUENTIAL DESIGNATION |
|---|
| Dates of publication and/or sequential designation |
Jan |
| 520 ## - SUMMARY, ETC. |
|---|
| Summary, etc. |
The financial crisis, in a way, is a reflection of the imbalance between the growth of real and financial sectors. Easy availability of housing loan led to unprecedented levels of debt, three times of the GDP in the US and Europe. Repayment defaults due to bubble burst added illiquidity and caused bankruptcy and closure of banks and financial institutions. The crisis is estimated to have wiped out about one-third of the value of world's companies, and millions of employees lost their jobs or were pushed to extreme poverty. Measures to overcome the slowdown included stimulus packages of about ten trillion USS for banks and guarantees to depositors; and also enhanced public spending. The downfall has stopped with `V' shape recovery. Is the short-term recovery sustainable? - Reproduced. |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name entry element |
Economic recession |
| 773 ## - HOST ITEM ENTRY |
|---|
| Main entry heading |
Indian Journal of Industrial Relations |
| 908 ## - PUT COMMAND PARAMETER (RLIN) |
|---|
| Put command parameter |
N |
| 909 ## - |
|---|
| -- |
85856 |
