Political economy: Two parts on Great depression and financial crisis in emerging countries
I. In what ways has the Great Recession of 2007/08 and its aftermath resembled and differed from the Great Depression of the 1930s? What accounts for the differences you see? What lessons, if any, did contemporary policymakers fail to learn from the earlier period? 1,250 words excluding references
II. What role has financial liberalization, including capital account liberalization, played in recent financial crises in emerging markets? What policy conclusions should one draw from this? 1,250 words excluding references
