... the greatest challenge to the world economy in modern times; a crisis which has deepened since we last met” (Group of Twenty, 2009c). The G20 Leaders then noted that, amid trying circumstances, Members had made progress, albeit limited, in addressing many of the 47 action items outlined at the Washington...

... amount of savings. © Emerald Group Publishing Limited 2009 Financial markets Governance World economy Trade balances We set forth that, in particular financial repression in emerging market economies has put the chains on real wages and real exchange rates, respectively...