Samantha St. Amand is a CIGI research associate in the Global Economy Program. She has a B.A (honours) in economics from Wilfrid Laurier University and an M.A. in economics from the University of Waterloo. Samantha’s current research focuses on the political economy of central banking, the international implications of unconventional monetary policy, global growth and fiscal sustainability.
Samantha St. Amand
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Italy's Crisis: Neither Fiscal Profligacy nor Capital Flows
Italy was one of the worst hit during the 2007–2009 global financial crisis (GFC) among the major advanced economies. By year-end 2009, Italy’s economy had contracted by 6.6 percent; significantly larger than the recessions in the euro zone and the United States, for example, which saw their GDPs shrink by 4.4 and 3.1 percent, respectively.