1  See Dr. D. Subbarao (2008), “Mitigating Spillovers and Contagion – Lessons from the Global Financial Crisis”, Speech delivered at the RBI-BIS Seminar at Hyderabad on December 4, 2008.
4  BIS Review 165/2009  Chart 1: Business cycle of advanced economies and India: 1991 to 2009 0.06  Cyclical industrial production of India Cyclical industrial production of advanced economies  0.04 0.02 0 -0.02 -0.04  2009M01  2008M04  2007M07  2006M10  2006M01  2005M04  2004M07  2003M10  2003M01  2002M04  2001M07  2000M10  2000M01  1999M04  1998M07  1997M10  1997M01  1996M04  1995M07  1994M10  1994M01  1993M04  1992M07  1991M10  1991M01  -0.06  12.