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This Time is Different: Eight Centuries of Financial Folly is one of the best, if not the best, books ever written on the history of financial crises. It presents a comprehensive survey of financial crises utilizing an extraordinary database of macroeconomic and financial series. The massive...
Persistent link: https://www.econbiz.de/10008900898
report three major findings: First, since the tightening cycle will take place in the context of a robust U.S. economy, it …
Persistent link: https://www.econbiz.de/10011389408
, they now appear less well placed to cope with the substantial downside risks facing the global economy. In many EMDEs, the …
Persistent link: https://www.econbiz.de/10012175348
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
Episodes of debt accumulation have been a recurrent feature of the global economy over the past fifty years. Since 2010 …
Persistent link: https://www.econbiz.de/10012230790
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/10012159605
The world economy has experienced four global recessions over the past seven decades: in 1975, 1982, 1991, and 2009 …, with severe economic and financial disruptions in many countries around the world. The 2009 global recession, set off by …
Persistent link: https://www.econbiz.de/10012159612
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
, they now appear less well placed to cope with the substantial downside risks facing the global economy. In many EMDEs, the …
Persistent link: https://www.econbiz.de/10012229095
We develop a new dynamic factor model that allows us to jointly characterize global macroeconomic and financial cycles and the spillovers between them. The model decomposes macroeconomic cycles into the part driven by global and country-specific macro factors and the part driven by spillovers...
Persistent link: https://www.econbiz.de/10012170616