Global Financial Crisis

Ladies and Gentlemen,

I would like to present you "Global Financial Crisis: The Economy Will Get Worse Before It Gets Better". This is a sequel to the previous one, "Subprime Crisis", I presented last December at Khmer Seminar.

The purpose of this presentation is three-fold:

1. To illustrate global financial crisis and its impact on real economy;
2. To investigate different approaches to the crisis; and
   
3. To show the needs of establishment of Phnom Penh Stock Exchange (PPSE).
   

Get access to both presentation slides at:

• Global Financial Crisis: The Economy Will Get Worse Before It Gets Better
• Subprime Crisis: Why It Happened And What To Do About It (Prequel to Global Financial Crisis)
  

Selected sources for global financial crisis:

• ADB, Dec. 2008, ADB Economics: Working Paper Series No. 139, page 42-71
• ADB, Jan. 2009, Global Financial Crisis and Proposed ADB Response
  
• Bernanke, B.S. Dec. 2008, Federal Reserve Policies in the Financial Crisis, Federal Reserve Board
• Blanchard, O. Jan. 2009, More aggressive and concerted actions are now needed, IMF
• IMF, IMF and Financial Crisis
• IMF, Jan. 2009, World Economic Outlook Update
• Keat, C. Oct. 2008, Keynote Address: Initial Public Offering Conference
  
• Ming, B. 0ct. 2008, Cambodia and Securities Market Development, SECC
• SECC, Securities and Exchange Commission of Cambodia
  
• World Bank, World Bank and Financial Crisis
• Zoellick, R. B. Jan. 2009, A Stimulus Package for the World, New York Times
• Zoellick, R. B. , Jan. 2009, Time to herald the Age of Responsibility, Financial Times

Selected sources for subprime crisis: The Subprime Meltdown: A Primer, Why Did the Crisis Happen?, and other sources.

The economy will get worse before it gets better, it is absolutely true. However, past cannot be changed, fortunately future can be changed. As long as we are together, we can break the mold, make a difference. Therefore, we must define, not be defined by, the global financial crisis.

Sincerely Yours,

Kimsa SON