This brings me to the role of monetary policy in times of financial crisis.

Canada is better placed than many countries to weather the global financial turbulence and worldwide recession.

...Canada is better placed than many countries to weather the global financial turbulence and worldwide recession.

Canada is better placed than many countries to weather the global financial turbulence and worldwide recession.

INSURGE has previously reported on the near-term and longer term drivers of financial and economic turbulence from a complex systems framework.

For the state will need this credit as it attempts to ride out the coming waves of financial turbulence (e.g. for more bank bailouts).

The state will need this credit as it attempts to ride out the coming waves of financial turbulence (e.g. for more bank bailouts).

EUROSTAT changed these rules[xii] and allowed, “liquidity operations conducted through exchange of assets”, justifying it by the “specific circumstances of the financial turmoil”.

EUROSTAT changed these rules [11] and allowed, “liquidity operations conducted through exchange of assets”, justifying it by the “specific circumstances of the financial turmoil”.

EUROSTAT changed these rules and allowed, “liquidity operations conducted through exchange of assets”, justifying it by the “specific circumstances of the financial turmoil”.

The flight to quality that accompanies outbreaks of financial turbulence is reinforcing a shift away from some of the riskier asset classes of which emerging markets are a part.

However, as the events during the summer of 2013 have shown, relatively small changes in portfolio flows can be associated with significant financial turmoil in EMEs.

The flight to quality that is a handmaiden to financial turbulence is re-enforcing a shift away from some of the riskier asset classes that include emerging markets.

I do not mean to downplay the current financial turbulence – it has clearly begun to affect the U.S. economy and, to a lesser extent, ours as well.