Showing 1 - 10 of 219
This paper quantifies the effect of realized and potential global growth disappointments on export volumes from the Middle East, North Africa, the Caucasus, and Central Asia. Estimates of export elasticities with respect to trading partner GDP indicate non-oil export volumes are relatively...
Persistent link: https://www.econbiz.de/10011142158
This paper studies economic and financial spillovers from the euro area to Poland in a two-country semi …-structural model. The model incorporates various channels of macrofinancial linkages and cross-border spillovers. We parameterize the …
Persistent link: https://www.econbiz.de/10011142199
debated in global and national policy circles. When the U.S. resorted to unconventional monetary policy, spillovers on asset …-term bond yields. Instead, we find that larger spillovers stem more from structural factors, such as the use of new instruments …
Persistent link: https://www.econbiz.de/10011123869
acknowledge and appreciate the spillovers resulting from such UMPs. Central banks of the AEs, who have set up standing mutual swap …
Persistent link: https://www.econbiz.de/10010790334
Sub-Saharan African countries are exposed to spillovers from global financial variables, but the impact on economic …
Persistent link: https://www.econbiz.de/10011142012
From its early post-war catch-up phase, Germany’s formidable export engine has been its consistent driver of growth. But Germany has almost equally consistently run current account surpluses. Exports have powered the dynamic phases and helped emerge from stagnation. Volatile external...
Persistent link: https://www.econbiz.de/10011142028
This paper finds that tightening global financial conditions can worsen emerging economies’ public debt dynamics through an increasing interest rate-growth differential, particularly if coupled with high global risk aversion. Latin America and emerging Europe are the regions most likely...
Persistent link: https://www.econbiz.de/10011142034
over the last two decades. PICs have become more exposed to the region’s business cycles, and spillovers from regional …, we use a Vector Error Correction Model (VECM) for each PIC to gauge the impact of global and regional growth spillovers … even larger than from a negative global demand shock. We also assess the spillovers to the financial sector from the …
Persistent link: https://www.econbiz.de/10011142036
dependence on Chinese final demand in value-added terms amplifies the international spillovers and synchronizing impact of growth …
Persistent link: https://www.econbiz.de/10011142047
estate investment in China—though a low-probability event—would be sizable, with large spillovers to a number of China⠅
Persistent link: https://www.econbiz.de/10011142057