are notable in Central and Eastern Europe, while the index has shown much smaller rises in most other parts of the world …

The global financial crisis of 2008 was a crisis affecting both the financial sector and the “real economy.” This paper … hypothesis that the financial crisis spread from the financial sector to the real economy by infecting financial stocks and real … economy stocks across most financial markets. The empirical analysis comprising ten sectors in 25 major developed and emerging …

the endogenous terms of trade risk sharing in the Cole and Obstfeld model, is largely inoperative in the real world …

consolidation on economies that are tightening and the flow-on effects to the world economy. The other debate is how much tightening … individual countries as well as the world as a whole. Where the government fiscal stimulus was seen as necessary to restore … consolidation in the industrial world that is not accompanied by US actions is likely to lead to a substantial worsening of trade …

a method that allows us to identify and compare demand from different groups of countries across the world, we find that …

The value of the US dollar is of major importance to the world economy. Global liquidity has grown sharply in recent …