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Kose, M. Ayhan; Sugawara, Naotaka; Terrones, Marco E. - 2020

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

Financial Globalization and Economic Policies

Prasad, Eswar S. - 2011

process of financial globalization. Our central findings indicate that policies promoting financial sector development …, institutional quality and trade openness appear to help developing countries derive the benefits of globalization. Similarly, sound … unavoidable tensions inherent in evaluating the risks and benefits associated with financial globalization. In light of these …

Persistent link: https://www.econbiz.de/10013134774

Thresholds in the Process of International Financial Integration

Prasad, Eswar S. - 2009

The financial crisis has re-ignited the fierce debate about the merits of financial globalization and its implications …

Persistent link: https://www.econbiz.de/10013159591

Global economic prospects : broad-based upturn, but for how long?

Devarajan, Shantayanan; Kose, M. Ayhan; Ohnsorge, Franziska - World Bank Group - 2018

Persistent link: https://www.econbiz.de/10012644160

Global inflation synchronization

Ha, Jongrim; Kose, M. Ayhan; Ohnsorge, Franziska - 2019

The paper studies the extent of global inflation synchronization using a dynamic factor model in a large set of countries over a half century. The authors' methodology allows them to account for differences across groups of countries (advanced economies and emerging market and developing...

Persistent link: https://www.econbiz.de/10012008116

A Decade After the Global Recession : Lessons and Challenges for Emerging and Developing Economies

Kose, M. Ayhan - 2019

This year marks the tenth anniversary of the 2009 global recession. Most emerging market and developing economies weathered the global recession relatively well. However, following a short-lived initial rebound in activity in 2010, the global economy and, especially, emerging market and...

Persistent link: https://www.econbiz.de/10012646707

Negative Interest Rate Policies : Sources and Implications

Arteta, Carlos - 2016

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

How Does the Sensitivity of Consumption to Income Vary Over Time? : International Evidence

Islamaj, Ergys - 2016

This paper studies how the sensitivity of consumption to income has changed over time as the degree of financial integration has risen. In standard theory, greater financial integration facilitates international borrowing and lending, helping to reduce the sensitivity of consumption growth to...

Persistent link: https://www.econbiz.de/10012246210

Debt and financial crises

Koh, Wee Chian; Kose, M. Ayhan; Nagle, Peter; Ohnsorge, … - 2020

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

Emerging and developing economies : ten years after the Global Recession

Kose, M. Ayhan; Ohnsorge, Franziska - 2020

Although emerging market and developing economies (EMDEs) weathered the global recession a decade ago relatively well, they now appear less well placed to cope with the substantial downside risks facing the global economy. In many EMDEs, the room for monetary and fiscal policies to respond to...

Persistent link: https://www.econbiz.de/10012229095