Showing 1 - 10 of 212
This paper provides an overview of inflation developments in Vietnam in the years following the doi moi reforms, and … uses empirical analysis to answer two key questions: (i) what are the key drivers of inflation in Vietnam, and what role … does monetary policy play? and (ii) why has inflation in Vietnam been persistently higher than in most other emerging …
Persistent link: https://www.econbiz.de/10012667557
The COVID-19 pandemic and associated policy responses triggered a historically large wave of capital reallocation between markets and asset classes. Using high-frequency country-level data, this paper examines if and how the number of COVID cases, the stringency of the lockdown, and the fiscal...
Persistent link: https://www.econbiz.de/10012518278
This paper quantifies the economic impact of changes in U.S. monetary policy on emerging market countries. We explore empirically how country risk, as proxied by sovereign bond spreads, is influenced by U.S. monetary policy, country-specific fundamentals, and conditions in global capital...
Persistent link: https://www.econbiz.de/10014403506
Persistent link: https://www.econbiz.de/10010389478
Vietnam) during 1993–2013. The main findings include: (i) both China and India have recently exhibited a slowdown in potential … ASEAN countries has been rather stable and might even have increased marginally, with the notable exception of Vietnam …
Persistent link: https://www.econbiz.de/10014394381
We estimate the short-term effects of fiscal consolidation on economic activity in 14 countries in Latin America and the Caribbean. We examine contemporaneous policy documents to identify changes in fiscal policy motivated by a desire to reduce the budget deficit and not by responding to...
Persistent link: https://www.econbiz.de/10011866499
This paper studies the effects of fiscal policy response in 118 episodes of systemic banking crisis in advanced and emerging market countries during 1980-2008. It finds that timely countercyclical fiscal measures contribute to shortening the length of crisis episodes by stimulating aggregate...
Persistent link: https://www.econbiz.de/10014402386
Across a sample of thirty four emerging countries, the evidence shows the frequent existence of a pro-cyclical fiscal impulse. However, the scope for countercyclical policy increases with the availability of international reserves as it enhances credibility and mitigates concerns about the...
Persistent link: https://www.econbiz.de/10014403225
external financing and its negative effects on the domestic economy. The experience of emerging economies through the recent …
Persistent link: https://www.econbiz.de/10009410474
Persistent link: https://www.econbiz.de/10012316377