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The exposure of African financial sectors to global risks, including the likely fall-out of the on-going European debt crisis, continues to be limited. African financial sectors have received much recognition for their steady growth performance and resilience during and after the 2008 global...
Persistent link: https://www.econbiz.de/10012557855
When a disaster strikes, it not only affects households' physical assets, but also their income levels and ability to contribute to the local economy. Critically, these socio-economic disparities shape not only the severity of shocks on household-level economies, but also the duration of...
Persistent link: https://www.econbiz.de/10013254838
Bulgaria's financial integration with Europe has been essential in financing economic transition and spurring economic growth. As the sovereign debt turmoil in Europe casts a cloud over the financial sector, the development of capital markets over the medium term may offer a beneficial...
Persistent link: https://www.econbiz.de/10012557646
temporary shock such as a natural disaster may leave permanent consequences for the economy. An obvious permanent effect of a … one-time disaster shock is that physical man-made and natural assets owned especially by poor households may end up … subsistence consumption out of depleted assets. However, not all permanent effects of a one-time shock are negative. Under certain …
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"Do aggregate economic shocks, such as those caused by macroeconomic crises or droughts, reduce child human capital? The answer to this question has important implications for public policy. If shocks reduce investments in children, they may transmit poverty from one generation to the next. This...
Persistent link: https://www.econbiz.de/10010521058