The Global Competitiveness Report 2014–2015: Country/Economy
... addition, the country has also formed highly competitive markets (21st), which produce the right set of incentives to quickly transform those knowledge assets into new products and services with higher value-added. Going forward, the country should address its labor market regulations (59th) and the ...
... addition, the country has also formed highly competitive markets (21st), which produce the right set of incentives to quickly transform those knowledge assets into new products and services with higher value-added. Going forward, the country should address its labor market regulations (59th) and the ...
NBER WORKING PAPER SERIES GLOBAL REAL ESTATE MARKETS - William N. Goetzmann
... global factor. There are a few markets that differ from this norm, however. We find that Australia, Canada, Hong Kong, Thailand, U.K. and to some extent, the U.S., Malaysia and Spain are countries where local GDP effects dominate global influences. We might expect this for the U.S. and the U.K. ...
... global factor. There are a few markets that differ from this norm, however. We find that Australia, Canada, Hong Kong, Thailand, U.K. and to some extent, the U.S., Malaysia and Spain are countries where local GDP effects dominate global influences. We might expect this for the U.S. and the U.K. ...
MAS-ESS Economics Essay Competition 2006
... ante. Much has changed in the global economic and financial architecture since 1997. The growing pace of integration and innovation in global financial markets has brought opportunities to Asia, but the associated risks and volatilities also mean that Asia is not immune from another crisis. Since a ...
... ante. Much has changed in the global economic and financial architecture since 1997. The growing pace of integration and innovation in global financial markets has brought opportunities to Asia, but the associated risks and volatilities also mean that Asia is not immune from another crisis. Since a ...
Five Years After the Fall: The Governance Legacies of the Global
... where the opportunities are and look for solutions rather than just enumerating the problems. Heinbecker’s challenge to change the tone of the discussion struck a responsive chord among the participants, and as rapporteur, it steered me to frame the conference summary in the final session in the way ...
... where the opportunities are and look for solutions rather than just enumerating the problems. Heinbecker’s challenge to change the tone of the discussion struck a responsive chord among the participants, and as rapporteur, it steered me to frame the conference summary in the final session in the way ...
IOSR Journal Of Humanities And Social Science (IOSR-JHSS)
... the degree of the pass-through. The importance of the bank credit in monetary policy transmission mechanism has also been stressed and it is presented below: The Credit Channel of Monetary Policy Transmission Mechanism The credit channel relates to bank lending and the bank balance- sheet transmissi ...
... the degree of the pass-through. The importance of the bank credit in monetary policy transmission mechanism has also been stressed and it is presented below: The Credit Channel of Monetary Policy Transmission Mechanism The credit channel relates to bank lending and the bank balance- sheet transmissi ...
Nine Facts about the Great Recession and Tools
... of the fiscal stimulus were most useful? Stimulus aimed at low-income or otherwise cash-constrained households tends to be more effective, whereas business tax cuts tend to be less effective (Whalen and Reichling 2015). By some calculations, government spending is typically a more effective stimulus ...
... of the fiscal stimulus were most useful? Stimulus aimed at low-income or otherwise cash-constrained households tends to be more effective, whereas business tax cuts tend to be less effective (Whalen and Reichling 2015). By some calculations, government spending is typically a more effective stimulus ...
The Role of Monetary Policy during the Global Financial Crisis
... economy. The model, which is discussed in detail in Section 3, builds upon the literature and incorporates various features improving its ability to capture important dynamics of emerging markets—we choose the Turkish economy as our case study. For example, the model includes a time-varying endogeno ...
... economy. The model, which is discussed in detail in Section 3, builds upon the literature and incorporates various features improving its ability to capture important dynamics of emerging markets—we choose the Turkish economy as our case study. For example, the model includes a time-varying endogeno ...
Monetary Policy Rules in the Presence of an Punnoose Jacob Christie Smith
... Most of structural parameters are calibrated to match NZ data. The rest are estimated using Bayesian methods Sample period:1993 Q4 to 2013 Q3 before the LVR restriction was introduced. The estimated model does not have the borrowing constraint. 9 data series : I ...
... Most of structural parameters are calibrated to match NZ data. The rest are estimated using Bayesian methods Sample period:1993 Q4 to 2013 Q3 before the LVR restriction was introduced. The estimated model does not have the borrowing constraint. 9 data series : I ...
New perspectives on the Great Depression
... Rauchway (pp. 41‐42) credits newspaper columnist, Walter Lippmann, who had wide access to Roosevelt, and sometimes sat‐in on policy discussions, for being a key communicator of Roosevelt’s views. In fact, Lippmann’s role may have been more significant. Reeve (1943, pp. 41‐42) wrote tha ...
... Rauchway (pp. 41‐42) credits newspaper columnist, Walter Lippmann, who had wide access to Roosevelt, and sometimes sat‐in on policy discussions, for being a key communicator of Roosevelt’s views. In fact, Lippmann’s role may have been more significant. Reeve (1943, pp. 41‐42) wrote tha ...
How German Finance Minister Schäuble Navigates the Euro Crisis
... "In many cases the economic foundations have become fragile, and this doesn't work in the long run. That's why simply injecting more money doesn't do any good, and why improving the underlying economic conditions is so important." Establishing a Threshold It is a very German and very Protestant view ...
... "In many cases the economic foundations have become fragile, and this doesn't work in the long run. That's why simply injecting more money doesn't do any good, and why improving the underlying economic conditions is so important." Establishing a Threshold It is a very German and very Protestant view ...
World Economic Situation Prospects
... with growth rates falling from 5.1 per cent in 2014 to an estimated 4.5 per cent in 2015. Weaker export demand from emerging economies, lower commodity prices, net capital outflows, and weak investment growth—and, in some cases, military conflicts, natural disasters and adverse weather effects on ag ...
... with growth rates falling from 5.1 per cent in 2014 to an estimated 4.5 per cent in 2015. Weaker export demand from emerging economies, lower commodity prices, net capital outflows, and weak investment growth—and, in some cases, military conflicts, natural disasters and adverse weather effects on ag ...
from global collapse to recovery
... economic growth took a nose dive across countries in a highly synchronized manner. A full meltdown of financial intermediation in the rich countries was averted and confidence began to stabilize, on the strength of a broad menu of unprecedented risk-absorption and stimulus policies, led by the U.S. ...
... economic growth took a nose dive across countries in a highly synchronized manner. A full meltdown of financial intermediation in the rich countries was averted and confidence began to stabilize, on the strength of a broad menu of unprecedented risk-absorption and stimulus policies, led by the U.S. ...
O Policy Forum
... I’m sure all of you are familiar with Sen. Lauch Faircloth: The Mexican bailout led to the Asian to reduce or eliminate all of its loans over the bailouts of South Korea, Indonesia, crisis a 5- or 10-year period. Second, the IMF and Thailand. But I don’t know if you realize that those bailouts are p ...
... I’m sure all of you are familiar with Sen. Lauch Faircloth: The Mexican bailout led to the Asian to reduce or eliminate all of its loans over the bailouts of South Korea, Indonesia, crisis a 5- or 10-year period. Second, the IMF and Thailand. But I don’t know if you realize that those bailouts are p ...
Full Report (PDF–1MB)
... Sixty years ago, on March 25, 1957, the heads of government of Belgium, France, Germany, Italy, Luxembourg, and the Netherlands met in the Palazzo dei Conservatori on the Capitoline Hill in Rome to sign the treaty establishing the European Economic Community, the forerunner of today’s European Union ...
... Sixty years ago, on March 25, 1957, the heads of government of Belgium, France, Germany, Italy, Luxembourg, and the Netherlands met in the Palazzo dei Conservatori on the Capitoline Hill in Rome to sign the treaty establishing the European Economic Community, the forerunner of today’s European Union ...
WORLD CITIES RISK 2015-2025 - The Cambridge Risk Framework
... unprecedented phase of concentration. The London economic region, for example, has increased its share of UK output from 15% in 1960s to 45% today. Major cities now emerging as international hubs of global wealth creation are sucking commercial activity from smaller cities and towns. To combat the i ...
... unprecedented phase of concentration. The London economic region, for example, has increased its share of UK output from 15% in 1960s to 45% today. Major cities now emerging as international hubs of global wealth creation are sucking commercial activity from smaller cities and towns. To combat the i ...
Liquid assets, liquidity constraints and global imbalances
... • the large scale accumulation of official foreign reserve assets in emerging Asia. Dooley, Folkerts-Landau and Garber (2003) have outlined a coherent explanation with their so-called “Bretton Woods 2” (BW2) conjecture. The idea is that Asian emerging economies are pursuing export-led growth strateg ...
... • the large scale accumulation of official foreign reserve assets in emerging Asia. Dooley, Folkerts-Landau and Garber (2003) have outlined a coherent explanation with their so-called “Bretton Woods 2” (BW2) conjecture. The idea is that Asian emerging economies are pursuing export-led growth strateg ...
PDF
... sustainability of economic development through capturing the economic distortions which was not found in the economy of Latin America. (Roubini and Sala-i-Martin-1992). But in case of Japan the scenario was positive as it is now in Bangladesh. In this paper, the macro economic impact of financial re ...
... sustainability of economic development through capturing the economic distortions which was not found in the economy of Latin America. (Roubini and Sala-i-Martin-1992). But in case of Japan the scenario was positive as it is now in Bangladesh. In this paper, the macro economic impact of financial re ...
What are the causes of financial crisis?
... the Mexican peso – hence, a financial crisis as foreign investors refused to buy new Cetes. The contagion effect ( "tequila effect") spread the crisis to other Latin American countries. In early 1995, speculative attacks spread to other Latin American countries. As a consequence, Argentina went into ...
... the Mexican peso – hence, a financial crisis as foreign investors refused to buy new Cetes. The contagion effect ( "tequila effect") spread the crisis to other Latin American countries. In early 1995, speculative attacks spread to other Latin American countries. As a consequence, Argentina went into ...
The IMF`s Stand-by Arrangements and the Economic
... Ukraine. In all three countries there were mistakes in economic policy that increased their vulnerability to external shocks. The governments’ responses to the downturn, along with IMF conditions for assistance, are also seen to have caused harm with pro-cyclical policies. In Hungary, a surge of for ...
... Ukraine. In all three countries there were mistakes in economic policy that increased their vulnerability to external shocks. The governments’ responses to the downturn, along with IMF conditions for assistance, are also seen to have caused harm with pro-cyclical policies. In Hungary, a surge of for ...
The IMF’s Stand-by Arrangements and the Economic Downturn in Eastern Europe
... Ukraine. In all three countries there were mistakes in economic policy that increased their vulnerability to external shocks. The governments’ responses to the downturn, along with IMF conditions for assistance, are also seen to have caused harm with pro-cyclical policies. In Hungary, a surge of for ...
... Ukraine. In all three countries there were mistakes in economic policy that increased their vulnerability to external shocks. The governments’ responses to the downturn, along with IMF conditions for assistance, are also seen to have caused harm with pro-cyclical policies. In Hungary, a surge of for ...
Global Caring: Rethinking the relationship between Self and Other
... and sometimes even overlap, in part because of a common historical development. Sometimes ‘global civil society’ and ‘global citizenship’ are presented as the same: ‘groups that campaign for a better environment can be seen as quintessential expressions of global civil society and world citizenship’ ...
... and sometimes even overlap, in part because of a common historical development. Sometimes ‘global civil society’ and ‘global citizenship’ are presented as the same: ‘groups that campaign for a better environment can be seen as quintessential expressions of global civil society and world citizenship’ ...
Economic Adjustment in the Baltic Countries
... Second, collateral and wealth effects played an important role. Rapidly increasing lending volumes increased the value and liquidity of collateral. This lowered the perceived credit risk of the borrowers, which in turn enabled banks to continue extending credit. The positive financial loop between i ...
... Second, collateral and wealth effects played an important role. Rapidly increasing lending volumes increased the value and liquidity of collateral. This lowered the perceived credit risk of the borrowers, which in turn enabled banks to continue extending credit. The positive financial loop between i ...
Economics in Person – Understanding the Slow Recovery 1
... they had a fiscal drag of one and a half to two percentage points back a couple years ago, and the apex of their drag has been tough on their economy. So this is pretty serious stuff. And the apex of the fiscal drag in our country literally will be in Q2-Q3 of this year. ...
... they had a fiscal drag of one and a half to two percentage points back a couple years ago, and the apex of their drag has been tough on their economy. So this is pretty serious stuff. And the apex of the fiscal drag in our country literally will be in Q2-Q3 of this year. ...
The Political Economy of Sovereign Borrowing
... government. In what we call “normal times,” this interest rt multiplied by any new amount lent to the government, together with a time-invariant interest received at rate I on the pre-existing investments in this country, is the period-t payo¤ of investor j. There is, however, also a chance that the ...
... government. In what we call “normal times,” this interest rt multiplied by any new amount lent to the government, together with a time-invariant interest received at rate I on the pre-existing investments in this country, is the period-t payo¤ of investor j. There is, however, also a chance that the ...
Financialization and the World Economy
... Regardless of definition, the data presented in this book and elsewhere leave little doubt about the importance of financialization in recent years. Some figures have been widely cited: for example, according to the Bank for International Settlements, the daily volume of foreign exchange transaction ...
... Regardless of definition, the data presented in this book and elsewhere leave little doubt about the importance of financialization in recent years. Some figures have been widely cited: for example, according to the Bank for International Settlements, the daily volume of foreign exchange transaction ...
Nouriel Roubini
Nouriel Roubini (born March 29, 1958) is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics, an economic consultancy firm.The child of Iranian Jews, he was born in Turkey and grew up in Italy. After receiving a BA in political economics at Bocconi University, Milan and a doctorate in international economics at Harvard University, he became an academic at Yale and a practising economist at the International Monetary Fund (IMF), the Federal Reserve, World Bank, and Bank of Israel. Much of his early research focused on emerging markets. During the administration of President Bill Clinton, he was a senior economist for the Council of Economic Advisers, later moving to the United States Treasury Department as a senior adviser to Timothy Geithner, who in 2009 became Treasury Secretary.