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Persistent link: https://www.econbiz.de/10012644160
economy and, especially, emerging market and developing economies, have suffered a decade of weak growth despite unprecedented …
Persistent link: https://www.econbiz.de/10012646707
Against the background of continued growth disappointments, depressed inflation expectations, and declining real equilibrium interest rates, a number of central banks have implemented negative interest rate policies (NIRP) to provide additional monetary policy stimulus over the past few years....
Persistent link: https://www.econbiz.de/10012245783
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/10012228314
, they now appear less well placed to cope with the substantial downside risks facing the global economy. In many EMDEs, the …
Persistent link: https://www.econbiz.de/10012229095
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/10012230745
Episodes of debt accumulation have been a recurrent feature of the global economy over the past fifty years. Since 2010 …
Persistent link: https://www.econbiz.de/10012230790