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The social impact of financial crises: evidence from the global financial crisis (English)

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 effects. The financial crisis that hit the world economy in 2008-2009 has transformed the lives of many individuals and families, even in advanced countries, where millions of people fell, or are at risk of...
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Otker-Robe, Inci; Podpiera,Anca Maria.

The social impact of financial crises: evidence from the global financial crisis (English). Paper is funded by the Knowledge for Change Program (KCP)|Policy Research working paper ; no. WPS 6703 Washington D.C. - The Worldbank. http://documents.worldbank.org/curated/en/498911468180867209

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