g20 london april 2009

the key issues

bbc in depth

crisis and imf policy

imf flexible conditions

http://www.youtube.com/user/IMFWEB

wto global trade report march 2009

http://www.wto.org/english/news_e/pres09_e/pr554_e.htm

euro info pages

http://ec.europa.eu/economy_finance/the_euro/index_en.htm?cs_mid=2946

http://www.euro.gov.uk/home.asp

imf on the crisis

http://www.imf.org/external/np/exr/key/finstab.htm

slideshow of crisis - imf

ft in depth - protectionism

http://www.ft.com/indepth/protectionism

regional trade agreements

wto database

wto background page

british design

british design - why british is best

product / price = international competitiveness

domestic goods are substitutes for imports

exports are substitiutes for foreign produced goods

expenditure switching focuses on changing incentives to increase X and reduce M

X = demand for £
M = supply of £

current account deficit = M > X = S >D = depreciation = change in relative prices and automatic adjustment

but demand inelastic in short run thus price and total revenue flows move in opposite directions to make matters worse. Elastic demand in the long run brings about an improvement in the deficit position (J-curve) given the combined elasticies of X and M are greater than 1 (Marshall Learner Condition exists)

sky news recession

rate cut and quantitive easing
http://news.sky.com/skynews/Business

have your say on quantitive easing (bbc)

euro debate

http://news.bbc.co.uk/1/hi/in_depth/uk/2001/uk_and_the_euro/default.stm

http://news.bbc.co.uk/1/hi/talking_point/2968540.stm (1993)

american magasine

http://www.american.com/topics/economic-policy