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International Economics


The deep, protracted downturn in 2007-09 was followed by an unusually slow recovery
Great Recession and After

The deep, protracted downturn in 2007-09 was followed by an unusually slow recovery

A financial crisis started in Thailand in July 1997 and spread across East Asia
Asian Financial Crisis

A financial crisis started in Thailand in July 1997 and spread across East Asia

During the 1980s, many Latin American countries were unable to service their foreign debt
Latin American Debt Crisis

During the 1980s, many Latin American countries were unable to service their foreign debt

This period of relative macroeconomic stability lasted from the mid-1980s to 2007
Great Moderation

This period of relative macroeconomic stability lasted from the mid-1980s to 2007

The second oil shock of the 1970s was associated with events in the Middle East
Oil Shock of 1978-79

The second oil shock of the 1970s was associated with events in the Middle East

An oil embargo in the early 1970s complicated the U.S. macroeconomic environment
Oil Shock of 1973-74

An oil embargo in the early 1970s complicated the U.S. macroeconomic environment

An attempt to rescue the Bretton Woods global monetary system in 1971
Smithsonian Agreement

An attempt to rescue the Bretton Woods global monetary system in 1971

The defining macroeconomic period of the second half of the 20th century lasted from 1965 to 1982
Great Inflation

The defining macroeconomic period of the second half of the 20th century lasted from 1965 to 1982

The international currency system became operational in 1958
Bretton Woods Launched

The international currency system became operational in 1958