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This paper analyzes spillovers from macroeconomic shocks in systemic economies (China, the Euro Area, and the United … Autoregression (GVAR) model, estimated for 38 countries/regions over the period 1979Q2 to 2011Q2. Spillovers are transmitted across … developments in China than to shocks in the Euro Area or the United States, in line with the direction of evolving trade patterns …
Persistent link: https://www.econbiz.de/10010790399
This paper quantifies the effects of external risks for Peru, with particular attention to two major external risks, China’s investment slowdown and the U.S. monetary policy tightening. In particular, a macroeconomic model for a small open and partially dollarized economy is developed and...
Persistent link: https://www.econbiz.de/10011142105
Executive Directors commend Bangladesh in addressing the major challenges to growth and poverty reduction. The strategy is comprehensive and confronts the key issues impeding sustainable development and inclusive growth in Bangladesh. Implementing sound macro-financial policies, intensifying...
Persistent link: https://www.econbiz.de/10011244940
This paper undertakes a cross-country analysis of productivity growth at both the aggregate and sectoral level. It finds that Asia's remarkable output growth over the past 40 years reflected both high investment, and rapid productivity increases. These factors were in turn supported by the...
Persistent link: https://www.econbiz.de/10005826110
Persistent link: https://www.econbiz.de/10005605489
. In the end, the U.S. possessed a modern financial system able to finance innovation and growth. At a time when Europe is …
Persistent link: https://www.econbiz.de/10010959479
The synchronized disinflation across Europe since end-2011 raises the question of whether non-euro area EU countries …
Persistent link: https://www.econbiz.de/10010959481
single resolution and common safety net; and urgent issues related to repair of weak banks in Europe. …
Persistent link: https://www.econbiz.de/10010959483
The analysis focuses on the effectiveness of the regulatory, supervisory, and oversight frameworks for central counterparties (CCPs) and central securities depositories (CSDs) in the European Union (EU) as these are essential for financial stability. Cooperation between authorities within and...
Persistent link: https://www.econbiz.de/10011244354
This article summarizes the European Union’s stress testing exercises and future priorities. The 2011 solvency stress testing was marked by methodology and data. The exercise forced banks to increase the quality and quantity of capitalization. This test has many controversial issues, but...
Persistent link: https://www.econbiz.de/10011244482