
The Global Economic Recession Phenomenon: A
... housing loans in disregard to all principles of financial prudence. Types of loans were known as sub-prime loans as those were are not part of prime loan market (as the repaying capacity of the borrowers was doubtful). Since the demands for homes were at an all time high, many homeowners used the in ...
... housing loans in disregard to all principles of financial prudence. Types of loans were known as sub-prime loans as those were are not part of prime loan market (as the repaying capacity of the borrowers was doubtful). Since the demands for homes were at an all time high, many homeowners used the in ...
Thaksinomics: A New Asian Paradigm; Looney, Robert
... built around two key features: (a) high investment rates stemming mainly from foreign direct investment (FDI), and (b) an outward orientation emphasizing labor intensive manufactured exports. Multinational corporations often play a dominant role in both aspects—supplying FDI and mass producing goods ...
... built around two key features: (a) high investment rates stemming mainly from foreign direct investment (FDI), and (b) an outward orientation emphasizing labor intensive manufactured exports. Multinational corporations often play a dominant role in both aspects—supplying FDI and mass producing goods ...
Trade and integration in the Caribbean: trends and prospects
... themselves better to capitalize on the market access provided by the agreement in order to diversify their exports. This repositioning will require taking the fullest advantage of the financial and technical assistance available under the agreement in the aim of developing production capacity, stren ...
... themselves better to capitalize on the market access provided by the agreement in order to diversify their exports. This repositioning will require taking the fullest advantage of the financial and technical assistance available under the agreement in the aim of developing production capacity, stren ...
Montreux Summary Presentation
... – Apart from OECD, CEE/CIS (external financing, terms of trade) and Latin American countries (external demand) appear the most negatively affected currently – Economic growth projections were revised downward also for Africa: here currently +2.4% growth is expected in 2009 (are similar to the rate o ...
... – Apart from OECD, CEE/CIS (external financing, terms of trade) and Latin American countries (external demand) appear the most negatively affected currently – Economic growth projections were revised downward also for Africa: here currently +2.4% growth is expected in 2009 (are similar to the rate o ...
53rd Commonwealth Parliamentary Conference, India, 2007
... Countries that have been able to integrate are seeing faster growth and reduced poverty. Outward-oriented policies brought dynamism and greater prosperity to much of East Asia, transforming it from one of the poorest areas of the world 40 years ago. And as living standards rose, it became possible t ...
... Countries that have been able to integrate are seeing faster growth and reduced poverty. Outward-oriented policies brought dynamism and greater prosperity to much of East Asia, transforming it from one of the poorest areas of the world 40 years ago. And as living standards rose, it became possible t ...
Developing Countries` Experience with Neoliberalism and
... create a perfect match between the supply and demand of every good and services and every input used in the production (Williamson, 1975). It is claimed that once “equilibrium” of price and quantities is reached, welfare will be as high as it can possibly be, in that sense that no individual will be ...
... create a perfect match between the supply and demand of every good and services and every input used in the production (Williamson, 1975). It is claimed that once “equilibrium” of price and quantities is reached, welfare will be as high as it can possibly be, in that sense that no individual will be ...
Europe, You`re Down: Cyclicality and Sovereign Debt
... • “A Solution to Fiscal Procyclicality: The Structural Budget Institutions Pioneered by Chile,” forthcoming, Fiscal Policy and Macroeconomic Performance, 2012. Central Bank of Chile WP 604, Jan.2011. • “A Lesson From the South for Fiscal Policy in the US and Other Advanced Countries,” Comparative Ec ...
... • “A Solution to Fiscal Procyclicality: The Structural Budget Institutions Pioneered by Chile,” forthcoming, Fiscal Policy and Macroeconomic Performance, 2012. Central Bank of Chile WP 604, Jan.2011. • “A Lesson From the South for Fiscal Policy in the US and Other Advanced Countries,” Comparative Ec ...
Strengthening The Global Economy After September 11
... greater degree of stability in emerging markets than has existed in recent years. Too often emerging market economies have been hard hit by crises, and recently investment flows into these markets have declined sharply. It is important to reverse this trend by reducing the likelihood of crises, and ...
... greater degree of stability in emerging markets than has existed in recent years. Too often emerging market economies have been hard hit by crises, and recently investment flows into these markets have declined sharply. It is important to reverse this trend by reducing the likelihood of crises, and ...
Macroprudential Policies in a Global Perspective Guillermo Calvo COmmenTaRY
... inflows, are in order. This is a straightforward result in terms of the model, but it is a real eye-opener for those in the policy arena, where there are numerous instances in which policymakers implement controls on capital inflows without paying much attention to domestic distortions. The model is ...
... inflows, are in order. This is a straightforward result in terms of the model, but it is a real eye-opener for those in the policy arena, where there are numerous instances in which policymakers implement controls on capital inflows without paying much attention to domestic distortions. The model is ...
Globalization and Structural Adjustments in sub-Saharan Africa
... As Went (op. cit) has argued, the austerity programs in the OECD countries, shock therapy policies implemented in transitional countries, and structural adjustments programs for the Third World countries all have the same characteristics. They propagate export-oriented growth, free markets, less sta ...
... As Went (op. cit) has argued, the austerity programs in the OECD countries, shock therapy policies implemented in transitional countries, and structural adjustments programs for the Third World countries all have the same characteristics. They propagate export-oriented growth, free markets, less sta ...
Globalization, Boundaries and Territoriality
... foreign imposed controls on public spending and foreign pressure on reforming national legislation on social policy, trade policy and competition policy. ...
... foreign imposed controls on public spending and foreign pressure on reforming national legislation on social policy, trade policy and competition policy. ...
European Capitalism: Varieties of Crisis
... deficits and debt but downplayed the share of bank-bailouts in rising deficits. At the same time, they constructed the PIIGS to show how spend-thrifty governments run the risks of capital flight and state bankruptcy. The old familiar message: States, not markets, are the problem. Since states can’t ...
... deficits and debt but downplayed the share of bank-bailouts in rising deficits. At the same time, they constructed the PIIGS to show how spend-thrifty governments run the risks of capital flight and state bankruptcy. The old familiar message: States, not markets, are the problem. Since states can’t ...
On Global Currencies Jeffrey Frankel, Harpel Professor, Harvard
... to build up forex reserves did better in the 2009 global financial crisis. ...
... to build up forex reserves did better in the 2009 global financial crisis. ...
Bretton-Woods II
... • Bulk of foreign exchange transactions and reserves are in dollars even though the US accounts for only 24% of global GDP ...
... • Bulk of foreign exchange transactions and reserves are in dollars even though the US accounts for only 24% of global GDP ...
Aspects of globalization: Remittances in
... 1) Certain parts of the administration (the Treasury, the Federal Reserve, the office of the Trade Representative, and so on, and the equivalent institutions in other countries) have played a critical role in building a global corporate economy. They have become stronger over the last two decades be ...
... 1) Certain parts of the administration (the Treasury, the Federal Reserve, the office of the Trade Representative, and so on, and the equivalent institutions in other countries) have played a critical role in building a global corporate economy. They have become stronger over the last two decades be ...
The demise of neoliberalism? Bill Lucarelli
... Monetarist struggle against inflation has left in its wake stagnant economic growth; rising levels of structural unemployment; greater job insecurities and income inequities; and the reemergence of deflationary forces inextricably associated with the chronic depression of effective demand. The basic ...
... Monetarist struggle against inflation has left in its wake stagnant economic growth; rising levels of structural unemployment; greater job insecurities and income inequities; and the reemergence of deflationary forces inextricably associated with the chronic depression of effective demand. The basic ...
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... exchange rates, the trade (goods and services) deficit increased from 8 to 25 billion US dollars between 1995 and 1996.10 Yet, it should be emphasised that this large gap was not created by the reduction in total exports but by the country’s import growth being much faster than its export growth in ...
... exchange rates, the trade (goods and services) deficit increased from 8 to 25 billion US dollars between 1995 and 1996.10 Yet, it should be emphasised that this large gap was not created by the reduction in total exports but by the country’s import growth being much faster than its export growth in ...
How to manage risk in a complex world
... There have been important shifts in world debtor-creditor imbalances since 1999. Asia and Middle East remain large net creditors, but the biggest build-up of credits and liabilities has been in Europe. ...
... There have been important shifts in world debtor-creditor imbalances since 1999. Asia and Middle East remain large net creditors, but the biggest build-up of credits and liabilities has been in Europe. ...
Default and Debt Swap in Argentina: Kirchner`s fair Hair-cut
... market debt? An incentive to purchase emerging market bonds results from the higher interest rate. These coupons are not only designed to this purpose, since capital is most needed in emerging countries due to strong growth, but also because creditors are paid a risk premium. Emerging market debtors ...
... market debt? An incentive to purchase emerging market bonds results from the higher interest rate. These coupons are not only designed to this purpose, since capital is most needed in emerging countries due to strong growth, but also because creditors are paid a risk premium. Emerging market debtors ...
Boris Vujcic
... • shocks/crises (externally or internally induced) might not be that bad if they result in right policy reaction • why policy reaction in 80s was poor, and in 90s good? • because of the political change which has enabled institutions for such a reaction • therefore, politics is very important (poli ...
... • shocks/crises (externally or internally induced) might not be that bad if they result in right policy reaction • why policy reaction in 80s was poor, and in 90s good? • because of the political change which has enabled institutions for such a reaction • therefore, politics is very important (poli ...
Market‐Led Globalization and World Democracy
... resources will always be fully employed, as they can always be (re-)deployed to produce something; and (b) balanced trade assures that it will always find an external market. This is not an innocent assumption, because — due to its imposition — trade liberalization can only have substitution effects ...
... resources will always be fully employed, as they can always be (re-)deployed to produce something; and (b) balanced trade assures that it will always find an external market. This is not an innocent assumption, because — due to its imposition — trade liberalization can only have substitution effects ...
FRBSF L CONOMIC
... explained in part by two important channels of contagion during the crisis: global financial markets and trade. Of course, these may not have been the only reasons for the differences between the smoothsailing and storm-tossed countries. For example, monetary and fiscal policy responses within these ...
... explained in part by two important channels of contagion during the crisis: global financial markets and trade. Of course, these may not have been the only reasons for the differences between the smoothsailing and storm-tossed countries. For example, monetary and fiscal policy responses within these ...
viii. models of exchange rate determination
... Course Description: This course is the first in the two-course sequence on Macroeconomic Policy in the MPA/ID program. It particularly emphasizes the international dimension. The general perspective is that of developing countries and other small open economies, defined as those for whom the terms o ...
... Course Description: This course is the first in the two-course sequence on Macroeconomic Policy in the MPA/ID program. It particularly emphasizes the international dimension. The general perspective is that of developing countries and other small open economies, defined as those for whom the terms o ...
Lecture 2 Growth Theory to Growth Strategy
... "What Makes Growth Sustained?" manuscript (January) (IMF). Hausmann, Ricardo, Lant Pritchett, and Dani Rodrik, 2004, "Growth Accelerations," NBER Working Paper 10566 (Cambridge, Massachusetts: National Bureau of Economic Research). International Monetary Fund, 2003, World Economic Outlook, September ...
... "What Makes Growth Sustained?" manuscript (January) (IMF). Hausmann, Ricardo, Lant Pritchett, and Dani Rodrik, 2004, "Growth Accelerations," NBER Working Paper 10566 (Cambridge, Massachusetts: National Bureau of Economic Research). International Monetary Fund, 2003, World Economic Outlook, September ...
最新财经资讯 第58期 (总第168期) 国际司 2014-4
... The EU’s foreign policy chief, Catherine Ashton, said after the meeting that the ministers “condemned unreservedly” recent events in Ukraine and confirmed that they were going to start considering who else to add to the existing list of 33 Russian and Ukrainian officials targeted after Russia annexe ...
... The EU’s foreign policy chief, Catherine Ashton, said after the meeting that the ministers “condemned unreservedly” recent events in Ukraine and confirmed that they were going to start considering who else to add to the existing list of 33 Russian and Ukrainian officials targeted after Russia annexe ...