Narrow search
Showing 1 - 10 of 142
Cover Image
International Evidenceon Recovery From Recessions
Cerra, Valerie; Saxena, Sweta Chaman; Panizza, Ugo - International Monetary Fund (IMF) - 2009
Although negative shocks have persistent effects on output on average, this paper shows that macroeconomic policies and the structure of the economy can influence the speed of recovery and mitigate the persistence of the shock. Indeed, monetary and fiscal stimulus and foreign aid can spur a...
Persistent link: https://www.econbiz.de/10008528641
Cover Image
Looking backwards and living forwards: the EMU and the history of monetary unions in Western Europe
Barbezat, Daniel - In: International Journal of Economics and Business Research 2 (2010) 1/2, pp. 10-30
implications of the first decade of the Euro and to extend this understanding forwards to Europe and beyond. …
Persistent link: https://www.econbiz.de/10010669631
Cover Image
To what extent do exchange rates and their volatility affect trade ?
Huchet-Bourdon, Maryline; Korinek, J. - HAL - 2011
their volatility on trade flows in China, the Euro area and the United States in two broadly defined sectors, agriculture on …
Persistent link: https://www.econbiz.de/10010899210
Cover Image
Assessment on RMB valuation – a triangular analysis approach
Wang, Peijie; Zhang, Bing - In: China Finance Review International 4 (2014), pp. 76-95
analysis. Findings– First, it has been found that the movements in the RMB dollar exchange rate do influence the dollar euro … implied that the RMB is overvalued vis-à-vis the US dollar, as the analysis suggests that an overvalued euro vis-à-vis the US … dollar would imply a kind of overvaluation of the RMB vis-à-vis the US dollar, and by any conventional measures the euro has …
Persistent link: https://www.econbiz.de/10010741347
Cover Image
Financial Development, Financial Fragility, and Growth
Loayza, Norman; Ranciere, Romain - International Monetary Fund (IMF) - 2005
This paper studies the apparent contradictions between two strands of the literature on the effects of financial intermediation on economic activity. On the one hand, the empirical growth literature finds a positive effect of financial depth as measured by, for instance, private domestic credit...
Persistent link: https://www.econbiz.de/10005263861
Cover Image
Responding to Banking Crises; Lessons From Cross-Country Evidence
Detragiache, Enrica; Ho, Giang - International Monetary Fund (IMF) - 2010
A common legacy of banking crises is a large increase in government debt, as fiscal resources are used to shore up the banking system. Do crisis response strategies that commit more fiscal resources lower the economic costs of crises? Based on evidence from a sample of 40 banking crises we find...
Persistent link: https://www.econbiz.de/10008519484
Cover Image
Growth Dynamics; The Myth of Economic Recovery
Saxena, Sweta Chaman; Cerra, Valerie - International Monetary Fund (IMF) - 2005
Using panel data for a large number of countries, we find that economic contractions are not followed by offsetting fast recoveries. Trend output lost is not regained, on average. Wars, crises, and other negative shocks lead to absolute divergence and lower long-run growth, whereas we find...
Persistent link: https://www.econbiz.de/10005604978
Cover Image
Creditless Recoveries
International Monetary Fund (IMF); International … - 2011
Recoveries that occur in the absence of credit growth are often dubbed miracles and named after mythical creatures. Yet these are not rare animals, and are not always miracles. About one out of five recoveries is "creditless", and average growth during these episodes is about a third lower than...
Persistent link: https://www.econbiz.de/10008876578
Cover Image
The doomsday cycle turns: who's next?
Boone, Peter; Johnson, Simon - Centre for Economic Performance, LSE - 2012
Peter Boone and Simon Johnson believe that there are more and worse financial crises to come.
Persistent link: https://www.econbiz.de/10010571390
Cover Image
India; 2008 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for India
International Monetary Fund (IMF); International … - 2009
India’s financial system compares favorably internationally, but rising credit risk and liquidity pressures are putting it under strain. The staff report for India’s 2008 Article IV Consultation discusses economic developments and policies. The authorities have already taken...
Persistent link: https://www.econbiz.de/10011244299