Chapter 22
... Some papers have defined contagion as the influence of “news” about the creditworthiness, etc. of a borrower on the spreads charged to the other borrowers or equity prices, after controlling for country specific macroeconomic fundamentals (Doukas, 1989,Kaminsky and Schmukler, 1998) ...
... Some papers have defined contagion as the influence of “news” about the creditworthiness, etc. of a borrower on the spreads charged to the other borrowers or equity prices, after controlling for country specific macroeconomic fundamentals (Doukas, 1989,Kaminsky and Schmukler, 1998) ...
Read Dr. Orenstein`s paper.
... Since Poland and Hungary weathered the crisis very differently and responded with stimulus in one case and severe austerity in the other, it is impossible to say that their common variety of capitalism determined their crisis or response. Instead, the crisis demonstrates that the DMEs have managed t ...
... Since Poland and Hungary weathered the crisis very differently and responded with stimulus in one case and severe austerity in the other, it is impossible to say that their common variety of capitalism determined their crisis or response. Instead, the crisis demonstrates that the DMEs have managed t ...
malaysian debacle: whose fault? - Institute of Development Studies
... second-tier or second-generation Southeast Asian newly industrialising countries (NICs), with characteristics quite different from the others, and of course, even among themselves. Industrial policy or selective state intervention has been of much poorer quality and less effective in these economie ...
... second-tier or second-generation Southeast Asian newly industrialising countries (NICs), with characteristics quite different from the others, and of course, even among themselves. Industrial policy or selective state intervention has been of much poorer quality and less effective in these economie ...
EXECUTIVE SUMMARY Growth outlook for 2012
... their long-term development strategies. This will involve protecting social and economic assets from floods and other disasters, particularly in those areas where rapid economic growth has heightened the risks. It will also be important to maintain and restore ecosystems that buffer the impact of na ...
... their long-term development strategies. This will involve protecting social and economic assets from floods and other disasters, particularly in those areas where rapid economic growth has heightened the risks. It will also be important to maintain and restore ecosystems that buffer the impact of na ...
The World Crisis
... which the world now faces. Almost all the developed economies are now in recession, or on the edge of it, and the most recent economic indicators suggest that this recession will be more severe than any experienced since the Second World War. While the major emerging markets like China and India con ...
... which the world now faces. Almost all the developed economies are now in recession, or on the edge of it, and the most recent economic indicators suggest that this recession will be more severe than any experienced since the Second World War. While the major emerging markets like China and India con ...
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... catalyst for a massive sell-off in the credit and stock markets. They set off a general flight from risk to safety in the capital markets of the advanced industrial economies first and the emerging market economies (EMEs) followed suit. The financial crisis went into an intensified phase and mutated ...
... catalyst for a massive sell-off in the credit and stock markets. They set off a general flight from risk to safety in the capital markets of the advanced industrial economies first and the emerging market economies (EMEs) followed suit. The financial crisis went into an intensified phase and mutated ...
changes in social policies since the economic crisis. what is left of
... of multinational companies (Ban, 2013). However, the liberalization of capital did had its limitation. The REBLLs are considered to be fast capital account liberalizers and as Voinea (2013) shows all fast capital account liberalizers had bigger current account deficits than the prudential capital ac ...
... of multinational companies (Ban, 2013). However, the liberalization of capital did had its limitation. The REBLLs are considered to be fast capital account liberalizers and as Voinea (2013) shows all fast capital account liberalizers had bigger current account deficits than the prudential capital ac ...
What Priorities and Strategy Should the G-20 Adopt for
... shown a rapid recovery. Likewise, the East Asian countries, including China, rebounded faster after the 2008 financial crisis. ...
... shown a rapid recovery. Likewise, the East Asian countries, including China, rebounded faster after the 2008 financial crisis. ...
The Failure of Macroeconomics in America
... based its economic policies for a long time, said the risks would be diversified. So when Ben Bernanke made the statement that it was contained, he was making it on the basis of economic models, economic models that were fundamentally wrong both in their economic assumptions and their mathematical s ...
... based its economic policies for a long time, said the risks would be diversified. So when Ben Bernanke made the statement that it was contained, he was making it on the basis of economic models, economic models that were fundamentally wrong both in their economic assumptions and their mathematical s ...
Hegemony and Crisis in Global Political Economy: The Importance
... economy. It is therefore important to look at specific historical trajectories in the emergence and evolution of trade, production-investment, and finance structures during the European expansion from the 15th century onwards.5 In short, the definition of a hegemon, how to identify a hegemonic state ...
... economy. It is therefore important to look at specific historical trajectories in the emergence and evolution of trade, production-investment, and finance structures during the European expansion from the 15th century onwards.5 In short, the definition of a hegemon, how to identify a hegemonic state ...
European Integration in Crisis: the Centre
... prevailing form of European Integration. Since the 1980s Europe has experienced very low growth rates in historical terms and compared to more recent developments in other world regions. Moreover, Europe was hit particularly hard by the crisis of 2008/09 and has not reached the pre-crisis level with ...
... prevailing form of European Integration. Since the 1980s Europe has experienced very low growth rates in historical terms and compared to more recent developments in other world regions. Moreover, Europe was hit particularly hard by the crisis of 2008/09 and has not reached the pre-crisis level with ...
301LON U10K1
... • South Korea – chaebols; the top 30 FCs account for nearly half the assets and industry revenues in the Korean economy. Samsung, the most famous Korean FC, has annual revenues of $140 billion. • India – business houses • Latin America – grupos ...
... • South Korea – chaebols; the top 30 FCs account for nearly half the assets and industry revenues in the Korean economy. Samsung, the most famous Korean FC, has annual revenues of $140 billion. • India – business houses • Latin America – grupos ...
Global Inequality - Tony S. Jugé, Ph.D.
... Hong Kong, Taiwan, South Korea, Singapore and most recently China and Malaysia It was possible for those countries to grow because of the American and European demands for clothing, footwear and electronics (was not available in Latin America or Africa) ...
... Hong Kong, Taiwan, South Korea, Singapore and most recently China and Malaysia It was possible for those countries to grow because of the American and European demands for clothing, footwear and electronics (was not available in Latin America or Africa) ...
Country ratings: Initial Considerations
... – Impact of recession on exports expected to be high in Guyana, Honduras, Mauritania, Chad and the Republic of Congo. – Reserves are low in many of those HIPC countries that have not reached the completion point, yet. – The Fiscal positions are challenging in many HIPCs including those that have alr ...
... – Impact of recession on exports expected to be high in Guyana, Honduras, Mauritania, Chad and the Republic of Congo. – Reserves are low in many of those HIPC countries that have not reached the completion point, yet. – The Fiscal positions are challenging in many HIPCs including those that have alr ...
Global economic processes
... relatively large magnitudes. There is therefore much greater vulnerability to capital-accountdriven external shocks, even as the role of domestic countercyclical macroeconomic policies has been greatly diminished by the fear of further capital flight and the hegemony of the neoliberal economic polic ...
... relatively large magnitudes. There is therefore much greater vulnerability to capital-accountdriven external shocks, even as the role of domestic countercyclical macroeconomic policies has been greatly diminished by the fear of further capital flight and the hegemony of the neoliberal economic polic ...
An Emerging Global Monetary-Trade Social Structure of
... humility and trust have deteriorated somewhat as individualism, finance capital and quick returns have become more significant. Indeed, since Bell wrote, these problems have exacerbated the instabilities of capitalism as long wave upswing during the 1950s-1970s has moved into downswing during the 19 ...
... humility and trust have deteriorated somewhat as individualism, finance capital and quick returns have become more significant. Indeed, since Bell wrote, these problems have exacerbated the instabilities of capitalism as long wave upswing during the 1950s-1970s has moved into downswing during the 19 ...
The Asynchronous Monetary Stances of Advanced Economies and
... The FED tapering of May 2013 offers some insight into how US normalisation might transmit to the South African economy. IMF (2014a) reported that the announcement of tapering triggered volatility and re-pricing of risk and capital flow reversals in some EMEs. The yield in 10-year instruments rose by ...
... The FED tapering of May 2013 offers some insight into how US normalisation might transmit to the South African economy. IMF (2014a) reported that the announcement of tapering triggered volatility and re-pricing of risk and capital flow reversals in some EMEs. The yield in 10-year instruments rose by ...
The Second Phase of Global Liquidity and Hyun Song Shin
... Upper, and Villar (2013) note that most of the offshore issuance has been in U.S. dollars, so that emerging market corporates have become much more sensitive to U.S. interest rates and the fluctuations in exchange rates vis-à-vis the U.S. dollar. The weight of corporate bond issuance in offshore loc ...
... Upper, and Villar (2013) note that most of the offshore issuance has been in U.S. dollars, so that emerging market corporates have become much more sensitive to U.S. interest rates and the fluctuations in exchange rates vis-à-vis the U.S. dollar. The weight of corporate bond issuance in offshore loc ...
When looking at the notion of globalization from a development
... owners of financial capital get into trouble, governments and international institutions are expected to help them out. When this happens we end up with the socialization of costs and the privatization of profits. It than leaves unskilled labor to fight for themselves because of unemployment and eco ...
... owners of financial capital get into trouble, governments and international institutions are expected to help them out. When this happens we end up with the socialization of costs and the privatization of profits. It than leaves unskilled labor to fight for themselves because of unemployment and eco ...
Economic Development And Structural Change
... From Adam Smith to the early 20th century, most economists believed that a Laissez faire approach was the best way to achieve sustainable growth. It was assumed that in dynamic growing economies, all decisions about resource allocation are made by economic agents interacting in markets free of gover ...
... From Adam Smith to the early 20th century, most economists believed that a Laissez faire approach was the best way to achieve sustainable growth. It was assumed that in dynamic growing economies, all decisions about resource allocation are made by economic agents interacting in markets free of gover ...
universidad de especialidades espíritu santo
... International Political Economy / Balaam & Veseth. Reading Material: Chapter #3 / Introduction to International Political Economy / Balaam & Veseth. Reading Material: Chapter #4 / Introduction to International Political Economy / Balaam & Veseth. ...
... International Political Economy / Balaam & Veseth. Reading Material: Chapter #3 / Introduction to International Political Economy / Balaam & Veseth. Reading Material: Chapter #4 / Introduction to International Political Economy / Balaam & Veseth. ...
THE POLITICAL ECONOMY OF GLOBAL ECONOMIC DISGOVERNANCE Luiz Carlos Bresser-Pereira
... In this paper, my central question is to know if international economic governance really holds in the world today, or disgovernance is a better word to express present reality. Global governance per se is inexistent, since only nation states and the formal international organizations play relevant ...
... In this paper, my central question is to know if international economic governance really holds in the world today, or disgovernance is a better word to express present reality. Global governance per se is inexistent, since only nation states and the formal international organizations play relevant ...
1 THE KEYNES SOLUTION FOR PREVENTING GLOBAL
... capital funds across national boundaries B a policy that is directly contrary to the idea that free markets means free movement of capital funds across national borders. Despite such anti-free market government policies, this post war period until 1971 was an era of sustained economic growth in both ...
... capital funds across national boundaries B a policy that is directly contrary to the idea that free markets means free movement of capital funds across national borders. Despite such anti-free market government policies, this post war period until 1971 was an era of sustained economic growth in both ...
Caribbean Dependency Theory and the Case of Jamaican
... governments through ‘stick’ methods such as economic sanctions and adjustment programs, or ‘carrot methods’ in the form of “promises or deliveries of benefits (economic aid, or trade preferences)”.17 According to Moon, these methods act as “consensus producing forces” on economic, political, social ...
... governments through ‘stick’ methods such as economic sanctions and adjustment programs, or ‘carrot methods’ in the form of “promises or deliveries of benefits (economic aid, or trade preferences)”.17 According to Moon, these methods act as “consensus producing forces” on economic, political, social ...