000			01215pab a2200169 454500
008			180718b2010 xxu||||| |||| 00| 0 eng d
100			_aDhameja, Nand
245			_aGlobal financial crisis: impact, challenges & way-out
260			_c2010
300			_ap.336-49.
362			_aJan
520			_aThe 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			_aEconomic recession
773			_aIndian Journal of Industrial Relations
908			_aN
909			_a85856
999			_c85856 _d85856