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The global economic crisis : impact on India and policy responses

Kumar, Rajiv; Vashisht, Pankaj - 2009

taken by governments and central banks all over the world, the Government and the Reserve Bank of India took aggressive …

Persistent link: https://www.econbiz.de/10003901571

Financial development : a broader perspective

Reid, Richard - 2010

This paper seeks to add to the current debate about financial development and growth in the emerging world by looking … may be more fruitful for today's emerging world to concentrate more on addressing the needs of savers and borrowers in … each individual system. A major lesson for the emerging world from past financial development is that there are risks …

Persistent link: https://www.econbiz.de/10008907303

Trade in services and human development : a first look at the links

Shepherd, Ben; Pasadilla, Gloria O. - 2011

Some services directly produce outputs that are important for human development, such as basic human services. Many other services are important inputs into the production and distribution of goods that are necessary for human development purposes. A more efficient services sector should mean...

Persistent link: https://www.econbiz.de/10008907792

Macroeconomic impacts of foreign exchange reserve accumulation : theory and international evidence

Fukuda, Shin'ichi; Kon, Yoshifumi - 2010

investment and economic growth. We provide empirical support for our theoretical analysis using panel data from the Penn World …

Persistent link: https://www.econbiz.de/10003982936

The financial crisis, rethinking of the global financial architecture, and the trilemma

Aizenman, Joshua; Chinn, Menzie David; Itō, Hiro - 2010

This paper extends our previous paper (Aizenman, Chinn, and Ito 2008) and explores some of the unexplored questions. First, we examine the channels through which the trilemma policy configurations affect output volatility. Secondly, we investigate how trilemma policy configurations affect the...

Persistent link: https://www.econbiz.de/10003983276

Fiscal policy in the crisis : impact, sustainability, and long-term implications

Padoan, Pier Carlo - 2009

The global economic and financial crisis has sparked an unprecedentedly large, generalized fiscal policy response in practically all major industrial and emerging economies, which will change the fiscal and macroeconomic landscapes for some time to come. This paper offers an overview of the new...

Persistent link: https://www.econbiz.de/10003927979

The unfolding turmoil of 2007 - 2008 : lessons and responses

Cohen, Benjamin H.; Remolona, Eli M. - 2008

While the unfolding financial turmoil has involved new elements, more fundamental elements have remained the same. New elements include structured credit, the originate-to-distribute business model and the tri-party repurchase agreement. The recurrence of crises reflects a basic procyclicality...

Persistent link: https://www.econbiz.de/10003855412

New measures of the trilemma hypothesis : implications for Asia

Itō, Hiro; Kawai, Masahiro - 2012

We develop a new set of indexes of exchange rate stability, monetary policy independence, and financial market openness as the metrics for the trilemma hypothesis. In our exploration, we take a different and more nuanced approach than the previous indexes developed by Aizenman, Chinn, and Ito...

Persistent link: https://www.econbiz.de/10009620473

Sovereign risk : a macro-financial perspective

Das, Udaibir S.; Oliva, Maria-Angels; Tsuda, Takahiro - 2012

We examine some of the macro-financial dimensions of sovereign risk and propose a conceptual framework that captures risks other than just the default risk. Morphed under a multi-dimensional notion of sovereign risk, we argue that the existing empirical methodologies to measure sovereign risk...

Persistent link: https://www.econbiz.de/10009627022

Evaluating the contributions of regional trade agreements to governance of service trade

Stephenson, Sherry M.; Robert, Maryse - 2011

services notified to the World Trade Organization (WTO) under Article V of the General Agreement on Trade in Services (GATS …

Persistent link: https://www.econbiz.de/10009271964