Resources for Basel II Capital Accord (Basel II)

World Economic Crisis Erases $50 Trillion in Wealth

voanews.com

The Asian Development Bank says the global economic crisis has erased $50 trillion in wealth around the world.Bank President Haruhiko Kuroda said Monday the current crisis is the most serious the world has seen since the Great Depression. Kuroda said he believes Asia will be one among the first regions to emerge from the crisis and will be stronger than before.

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