Académique Documents
Professionnel Documents
Culture Documents
2008
Presented by :
Yamna khan
10330
Outline
Introduction
Crisis unfolds
Spillovers from the Crisis
(1) Private Capital Flows and Financial Spillovers
(2) Commodity Prices
(3)Trade Impact
(4) Trade Imbalances
Pakistan and Global Crisis 2008
(1)BOP
(2) Banking sector of Pakistan
(3) IMF Loan
(4)Exchange rate
Conclusion
INTRODUCTION
banks,
By
The
Before the
outbreak of the global crisis, Europe was the main source of
(gross) capital flows to the rest of the world, with $1,600
billion per annum during 2004-07, higher than total
outflows from the US and Japan taken together. With the
outbreak of the crisis and consequent bank deleveraging,
total outflows from Europe fell sharply, registering barely
$300 billion a year during 2008-11 . The EZ crisis has also
led to considerable short-term, month-to-month volatility in
capital inflows to DCs(developing countries), which have
become increasingly sensitive to news coming from the
region.
(3)Trade Impact
Pakistans
Reasons
The
government of Pakistan
routinely spends some $26 billion a
year based on expected revenues of
around $20 billion, incurring a
budget deficit of over 7% of GDP. On
the trade front, accumulated exports
hardly ever cross the $20-billion-a
year mark, but imports end up
exceeding $35 billion: a trade deficit
in excess of $15 billion a year and a
BOP
Pakistans
Pakistans
Banking sector of
Pakistan
According
According
The
IMF Loan
Exchange rate
Exchange
Conclusion
Not only has the Great Recession led to a Great
Slowdown in
Developing countries(The Economist 2012), but also
the medium-term prospects for global economic
conditions look unfavorable compared to the precrisis years and, in some respects, even the period
since the onset of the crisis.
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