Answer:
The Great Plunge in Oil Prices:
Causes, Consequences, and Policy Responses
John Baffes, M. Ayhan Kose, Franziska Ohnsorge, and Marc Stocker1
Approved for distribution by Kaushik Basu
DISCLAIMER: Policy Research Notes represent the views of the authors and do not
necessarily represent WBG views or policy. The views expressed herein should be attributed to
the authors and not to the WBG, its Board of Executive Directors, or its management.
Explanation:
Figure 3.1 Global growth and financial developments around oil price declines ....................................27
