Countries in Transition, ACTs) has slowed already sluggish growth; worsened unemployment, particularly of youth; undermined … the Arab Spring and based on cross-country experience, this paper concludes that sustainable and inclusive growth calls … for a two pronged approach: short term measures that revive growth momentum and partially allay popular concerns …

This paper examines access to business finance by Canadian small and medium-sized enterprises (SMEs) and to housing … SMEs. The paper also finds the market for housing finance to be highly advanced and sophisticated. However, non …

This paper analyzes the implications of global rebalancing in the post-crisis period for Korea and how high leverage in … the household and SMEs sectors could affect this process. The first section of the paper discusses implications of global … how rebalancing growth in Korea is different from the rest of the region, and discusses the challenges of highly leveraged …

. While not especially susceptible to banking or currency crises, hard pegs are significantly more prone to growth collapses … of more crisis prone regimes suggests no simple dividing line between safe floats and risky intermediate regimes. …

nature of the crisis? Contrary to the commonly held view that foreign banks play a stabilizing role during domestic banking …

Credibility is the bedrock of any crisis stress test. The use of stress tests to manage systemic risk was introduced by … constructing an effective crisis stress test. It combines financial markets impact studies of previous exercises with relevant case …. Pertinent concepts, issues and nuances particular to crisis stress testing are also discussed. The findings may be useful for …

Imbalances within the euro area have been a defining feature of the crisis. This paper provides a critical analysis of … current account deficits and external liability positions in the run-up to the crisis. It shows that relative price …

markets (EM) are now entering a period of slower growth. In fact, growth is now lower than the post-crisis peak of 2010-11, as …After a short-lived slowdown in the immediate aftermath of the global financial crisis and a swift rebound, emerging … well as the rates seen in the decade before the crisis. This raises the question of whether EMs can bounce back to the …