An emerging market economy (of a country) which experienced at least one crisis or shock in the last 10-15 years

Identify an emerging market economy (of a country) which experienced at least one crisis or shock in the last 10-15 years.

Structure: 

1. Executive Summary/Purpose Statement

2. Main Body

• Describe in detail the economic implications of that crisis for the country.

• Highlight the role of its central bank in dealing with that crisis (or crises) i.e., policy actions taken, or reforms implemented. Also, discuss the interaction of central bank’s reforms with the fiscal policies of the period i.e., whether fiscal policies were supportive or counteractive of central bank’s actions.
• Analyze and discuss the key economic variables which underwent major changes or improvements during the period of your analysis.
• Why is the policy not working? Why is it necessary to find an alternative?
• Discuss a few alternatives and their implications
• Finally, recommend a path forward for the economy and identify any foreseeable risks associated with your recommendations. (Assume you are an economist and making these recommendations to a policymaker like the central bank governor or the Finance Minister.)

3. Conclusion

• Summarize analysis and recommendation