It also includes creating the regulatory and institutional framework that markets require to function well, providing necessary public goods and guaranteeing the fairness of rules.

Big bangs in institutional reform, however, may generate more harm than good.

Japan s Political Tremors

It's just beginning to get exciting.

Financial Gain, Economic Pain

These shocks were naturally beyond the ECB s control.

It is the shock, not the adjustments to it, that spreads throughout the system.

The shock made her halfmad.

Consequently, external shocks quickly expose their vulnerability.

The shock rendered Tom speechless.

And each one of these forces split the world, tore the world apart, divided the world.

The rapid growth in Chinese steel production has not only caused great turbulence on the world steel and raw materials markets, but has also made major demands on the country's power and transport system.

Globalization exposes a country to enormous shocks.

Third, financial shocks will be worse than expected. At some point, investors will realize that bank losses are massive, and that some banks are insolvent.

Third, more severe climate shocks may lie ahead.

Third, financial shocks will be worse than expected.

Sooner or later, she'll get over the shock.

Adjustment, support to trade and trade related shocks

Many countries are plagued by severe economic slumps or by political upheaval.

And it seems this is another rock coming down there, you know.

Those are not trivial accomplishments.

Significant problems remained.

Instead, emerging markets are suffering financial convulsions of possibly historic proportions.

These are all major advances.

The enemy suffered significant losses.

A considerable crime is in contemplation.

And we found some remarkable differences.

Beet plants affected by both cercospora and caterpillar damage.

Why should this historic event cause such political upheaval?

Elsewhere, of course, this sort of turmoil has democratic safety valves.

When Obama discussed the Arab political upheavals, he noted the importance of economic development.

When shocks to the system occur, agents do not know what will happen next.

Nor does time cushion anemic post crisis recoveries from the inevitable next shock.

Sergius apologizes and explains that it is the result of a great shock he once experienced.

Their predominant causes can be largely ascribed to the upheavals of transition.

The age profiles of our societies are changing dramatically.

However, important changes will come quickly.

There are organizations that have made considerable efforts.

The achievements made by that country are remarkable.

The substantive changes consisted in

Considerable privatisation efforts have been made.

Today, the revolutions rocking much of the Muslim world are bedeviled by Islam s military past.

Animal spirits are not always shattered by extraordinary economic events. But then, not all economic convulsions are alike.

European experience suggests that large scale systemic shocks call for greater financial support.

For those few the changes that had taken place in the eastern part of Europe had caused huge disruption.