1. The Financial and Economic Crisis Lecture Two: How the crisis affected the US and world economies Mike Kennedy

2. What’s happening in some individual OECD economies

3. Risk aversion spiked during the crisis

4. World risk conditions

5. Credit conditions affect risk

6. As does the outlook for activity

7. House prices (nominal) fell (almost) everywhere

8. World trade collapsed

11. The US outlook shows the economy depending on final domestic demand

17. The effect through balance sheets: housing wealth effects are stronger

18. The effect through balance sheets: not as problematic as in the US

19. The effect through balance sheets

26. Euro debt markets were affected

28. The euro area is projected to rely on net exports

29. Europe is in crisis

30. Swedish (red line) and Finnish (green) long-term interest rates

31. The world economic outlook: still fragile, especially among OECD economies

32. Emerging markets get hit through the financial channel

33. Key emerging markets were affected