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Global economic conditions have been deteriorating sharply since mid- September 2008. Lending has dropped abruptly, credit spreads have widened sharply, stock markets have plunged and economies everywhere are stumbling. Governments around the world have undertaken unprecedented measures, includin...


Bustillo, InésVelloso, HelviaThe global financial crisis: what happened and what’s next

This paper addresses some unintended consequences of global financial regulation and international tax evasion prevention and their impact on small economies. It explores how failure to recognize countries’ differing access to finance and varying costs of funding as well as the high costs of comp...


Artecona, RaquelBustillo, InésGlobal financial rulemaking and small economies

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