Similar Search Results

Kose, M. Ayhan - 2020

The world economy has experienced four global recessions over the past seven decades: in 1975, 1982, 1991, and 2009 … internationally, with severe economic and financial disruptions in many countries around the world. The 2009 global recession, set off …

Persistent link: https://www.econbiz.de/10012840241

Global Corporate Debt During Crises : Implications of Switching Borrowing Across Markets

Cortina Lorente, Juan Jose - 2020

This paper studies how crises prompted firms to switch borrowing across markets, impacting the amount borrowed, maturity, and currency denomination at the firm and aggregate levels. Using data on worldwide debt issuance from advanced and emerging economies, the paper shows that firms shifted...

Persistent link: https://www.econbiz.de/10012842157

Debt and Financial Crises

Koh, Wee Chian - 2020

Emerging market and developing economies have experienced recurrent episodes of rapid debt accumulation over the past fifty years. This paper examines the consequences of debt accumulation using a three-pronged approach: an event study of debt accumulation episodes in 100 emerging market and...

Persistent link: https://www.econbiz.de/10012843341

The Gatt's Starting Point : Tariff Levels Circa 1947

Bown, Chad P. - 2018

How high were import tariffs when GATT participants began negotiations to reduce them in 1947? Establishing this starting point is key to determining how successful the GATT has been in bringing down trade barriers. If the average tariff level was about 40 percent, as commonly reported, the...

Persistent link: https://www.econbiz.de/10012936212

Is the WTO Passe?

Bagwell, Kyle - 2018

The WTO has delivered policy outcomes that are very different from those likely to emerge out of the recent wave of preferential trade agreements (PTAs). Should economists see this as an efficient institutional hand-off, where the WTO has carried trade liberalization as far as it can manage, and...

Persistent link: https://www.econbiz.de/10012937212

Non-Tariff Measures and the World Trading System

Ederington, Josh - 2017

With the success of the World Trade Organization and its predecessor, the General Agreement on Tariffs and Trade, in … literature on non-tariff measures in the world trading system. It provides a set of stylized facts based on available data on non … measures in the trade literature with a focus on the rules and institutions that govern non-tariff measures in the world …

Persistent link: https://www.econbiz.de/10012969264

Before and after the Global Financial Crisis : Evaluating the Caribbean's Synchronization with Global Engines of Growth

Kouame, Auguste Tano - 2017

In spite of the United States' recovery, most Caribbean nations are still struggling in the aftermath of the 2007?08 global financial crisis. This paper examines this slow growth recovery through the analysis of how the Caribbean's growth relates to that of key drivers of the global economy. The...

Persistent link: https://www.econbiz.de/10012970171

The Impact of the Global Financial Crisis on Firms'Capital Structure

Demirgüç-Kunt, Asli - 2017

Using a data set covering about 277,000 firms across 79 countries over the period 2004-11, this paper examines the evolution of firms' capital structure during the global financial crisis and its aftermath in 2010-11. The study finds that firm leverage and debt maturity declined in advanced...

Persistent link: https://www.econbiz.de/10012970413

Placing Bank Supervision in the Central Bank : Implications for Financial Stability Based on Evidence from the Global Crisis

Melecky, Martin - 2017

Although keeping bank supervision independent from macroprudential supervision may ensure more checks and balances, placing bank supervision in the central bank could exploit synergies with macroprudential supervision. This paper studies whether placing microprudential supervision of banks,...

Persistent link: https://www.econbiz.de/10012971545

Credit Conditions and Foreign Direct Investment During the Global Financial Crisis

Desbordes, Rodolphe - 2017

This paper investigates the effect that tight credit conditions had on outward foreign direct investment flows during the 2008-2010 global financial crisis. A difference-in-differences approach is used to isolate a "credit channel" impact of the global financial crisis on foreign direct...

Persistent link: https://www.econbiz.de/10012972610