Food x Financial Crisis (Songwe)

Food, financial crises, and complex derivatives: A tale of high stakes innovation and diversification by Vera Songwe published by World Bank. “The 2008 food price crisis was an integral part of the financial crisis. In fact, the food price crisis was the second crisis in a chain of events that began in 2007 with the mortgage crisis, and culminated in the worst financial crisis since the Great Depression.”