But, in times of crisis, the trade spillovers have the opposite effect.

At a time of crisis, that cannot work.

But the sort of integration that occurs in times of economic crisis is often destructive.

It has been argued that Europe s institutions move forward only in times of crisis.

Higher leverage increases their payoffs when times are good as executives and traders are paid based on their return on equity.

The direct leadership of heads of state and government is needed, at least in these times of extreme crisis.

Earnings left inside a financial institution can easily be lost in turbulent times.

This might be appropriate in times of systemic crisis, but it is not sustainable in normal times.

This brought strong growth rates in good times. In times of crisis it had a negative impact although integration has prevented currency collapse or the write off of national debt, occurrences that we have witnessed during previous crises in emerging markets.

A nuclear Iran might even threaten America s capacity to project conventional military force in the Gulf in times of crisis.

Bad news can crowd out good news, especially in times of serious financial crisis and political unrest.

Even the International Monetary Fund now recognizes that capital controls may be useful, especially in times of crisis.

First, the frequency of meetings should be increased, especially in times of crisis, and the level of a few of these meetings enhanced.

In times of crisis, the best guides are theory, which captures the essence of a problem, and the lessons of past experience.

The hallmarks of this narrative are familiar to anyone who has studied the transmission of certain story categories in times of crisis.

However, these three sectors functioned as the economy's shock absorber and managed to provide employment at the time of crisis.

Last but not least, it is essential to identify and agree on the best approach to meeting the educational needs of children in crisis and conflict.

One thing to be said for monarchs is that they provide people with a sense of continuity, which can be useful in times of crisis or radical change.

But, in times of crisis, the trade spillovers have the opposite effect. As the global economy has become increasingly interconnected, these trade multipliers have increased.

In times of crisis, consumers are likely to prioritize high quality products that will last a long time and won t go out of style.

It is a useful in a context of overall stability but, especially during crises or in the aftermath of large shocks, there are sharp movements of relative prices.

And, while that would jeopardize Germany s own interests, practical political action is not always rational, particularly in times of serious crisis.

KYIV Since World War II s end, France has consistently risen to the challenge of restructuring Europe in times of crisis.

Especially in a time of crisis that has caused so much suffering, its decisions must be explained to the public clearly and without cacophony.

The Department of Safety and Security has created a multidimensional strategy for communication, information sharing and feedback, under normal circumstances as well as in times of crisis.

Without the ability to take timely countercyclical measures, such countries fare poorly when crises hit.

By offering to buy shares in the mutual fund at a minimum preset price, the central bank would provide a way of channeling funds into the financial system in times of crisis.

Alas, there is an added complication that makes today s shocks all the more vexing governments and central banks have exhausted the traditional ammunition upon which they have long relied during times of economic duress.

Why can't we find a way to separate the women's and children's cinemas from the men's cinema?

There are altogether too many complex ideas floating around that look good on paper, but might well prove deeply flawed in a big time crisis.

The European Energy Charter, which emphasizes market access and transparency, though laudable, is insufficient in moments of crisis when markets are at their worst.

Finally, in times of economic crisis we should be guided more than ever by our common democratic values the inner dimension of our European identity and a crucial unifying factor for our societies.

But the last couple of years have proved that, in a crisis, they are not immune from political pressures to re focus their portfolio allocations towards domestic investments.

Only better informed foreign policies that can address the genuine anxieties of civilizations in crisis will yield more sustainable results.

But, whatever the level of nominal interest rates, the monetary policy stance established in this way has often been poorly transmitted to the economy, particularly in times of acute crisis.

For example, in times of crisis it is no shame for a government to be mercantilist, but by behaving in this way, the US has lost the moral high ground as a champion of free trade.

The Chiang Mai Initiative agreed by the Finance Ministers of ASEAN 3 countries in May 2000 enabled emergency liquidity to be made readily accessible by member countries in times of crisis.

Emphasizing the need for greater preparedness to cope with humanitarian emergencies, and aiming to maximize the effectiveness of United Nations assistance in times of crisis,

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Unless a mechanism is introduced that facilitates the rapid disbursement of EU funds, thus insulating the budget from destructive politicization, these funds cannot be used to stimulate growth in times of crisis.

This is all the more true in crisis situations, in which a protocol of collaboration should be implemented to delineate liquidity help from recapitalization, and to establish the conditions for restructuring in order to avoid competitive distortions.

Code word communications, which only work in a stable and crisis free economic and financial environment, had damaged ECB credibility.

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This is what inspired the decision taken in May to create the European Financial Stability Facility (EFSF), by which assistance can be provided, jointly with the International Monetary Fund, to partner countries in times of crisis.