China, India, and the global financial crisis of 2007–2009

Research output: Book Chapters | Papers in Conference ProceedingsBook ChapterResearch

Abstract

As the United States and the G7 were battered by the subprime-induced financial crisis, it was widely assumed that China and India, with little exposure to the subprime loans, would remain relatively immune from the crisis. In fact, the popular “decoupling” hypothesis claimed that since economic growth in emerging markets like China and India was becoming more independent of the United States and Europe, they were no longer as vulnerable to an economic slowdown in these advanced economies. However, China and India hardly were immune from the financial crisis of 2007–2009—their experiences unambiguously underscoring that in an interconnected world, no country is an island.
Original languageEnglish
Title of host publicationFinancial contagion : the viral threat to the wealth of nations
EditorsRobert W. KOLB
PublisherJohn Wiley and Sons
Pages269-275
Number of pages7
ISBN (Print)9780470922385
DOIs
Publication statusPublished - 2011
Externally publishedYes

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India
China
Global financial crisis
Financial crisis
Subprime
Economics
Decoupling
Economic growth
Loans
Emerging markets

Cite this

SHARMA, S. D. (2011). China, India, and the global financial crisis of 2007–2009. In R. W. KOLB (Ed.), Financial contagion : the viral threat to the wealth of nations (pp. 269-275). John Wiley and Sons. https://doi.org/10.1002/9781118267646.ch30
SHARMA, Shalendra D. / China, India, and the global financial crisis of 2007–2009. Financial contagion : the viral threat to the wealth of nations. editor / Robert W. KOLB. John Wiley and Sons, 2011. pp. 269-275
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SHARMA, SD 2011, China, India, and the global financial crisis of 2007–2009. in RW KOLB (ed.), Financial contagion : the viral threat to the wealth of nations. John Wiley and Sons, pp. 269-275. https://doi.org/10.1002/9781118267646.ch30

China, India, and the global financial crisis of 2007–2009. / SHARMA, Shalendra D.

Financial contagion : the viral threat to the wealth of nations. ed. / Robert W. KOLB. John Wiley and Sons, 2011. p. 269-275.

Research output: Book Chapters | Papers in Conference ProceedingsBook ChapterResearch

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SHARMA SD. China, India, and the global financial crisis of 2007–2009. In KOLB RW, editor, Financial contagion : the viral threat to the wealth of nations. John Wiley and Sons. 2011. p. 269-275 https://doi.org/10.1002/9781118267646.ch30