Ill Winds from Europe C.P. Chandrasekhar and Jayati Ghosh

The crisis intensifies in Europe and threatens to trigger a second global downturn in five years. This time, Asian countries, which weathered the last crisis well, seem less resilient. In fact, the evidence points to many routes to the spread of contagion to Asia.

Europe (Download the full text in PDF format)

(This article was originally published in the Business Line on 6 August 2012)