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Intro -- Contents -- I. INTRODUCTION -- II. MACROECONOMIC VOLATILITY IN LATIN AMERICA: A HISTORICAL PERSPECTIVE -- III. ROLE OF MACROECONOMIC POLICIES -- IV. WHAT'S NEW THIS TIME AROUND? -- V. REMAINING AGENDA -- VI. CONCLUDING REMARKS -- REFERENCES.
Persistent link: https://www.econbiz.de/10012691105
This paper looks at the empirical record whether big infrastructure and public capital drives have succeeded in accelerating economic growth in low-income countries. It looks at big long-lasting drives in public capital spending, as these were arguably clear and exogenous policy decisions. On...
Persistent link: https://www.econbiz.de/10012690573
Performance of SMEs, by Risk Groups -- 5. Japan: Slow SME Restructuring -- 6. Limited Availability of Risk-based Capital and …The paper discusses the role the financial sector can play in supporting growth in Japan. While overall credit …). Firm-level SME data and sectoral corporate balance sheets show that many SMEs have faced structural challenges of high …
Persistent link: https://www.econbiz.de/10012690154
United Kingdom, the euro area, and Japan during the recent crisis on interbank credit and liquidity risk premia …
Persistent link: https://www.econbiz.de/10012677874
This paper links the current sub-prime mortgage crisis to a decline in lending standards associated with the rapid expansion of this market. We show that lending standards declined more in areas that experienced larger credit booms and house price increases. We also find that the underlying...
Persistent link: https://www.econbiz.de/10012677586
This paper links the current sub-prime mortgage crisis to a decline in lending standards associated with the rapid expansion of this market. We show that lending standards declined more in areas that experienced larger credit booms and house price increases. We also find that the underlying...
Persistent link: https://www.econbiz.de/10014409025
A common dilemma facing governments around the world is how to meet the sizeable fiscal costs of providing and maintaining infrastructure networks. Over the past decade, developed and developing countries have looked to fiscal rules, budgetary reforms, tax policy and administration measures,...
Persistent link: https://www.econbiz.de/10005769217
The paper discusses the role the financial sector can play in supporting growth in Japan. While overall credit …). Firm-level SME data and sectoral corporate balance sheets show that many SMEs have faced structural challenges of high … support measures should be phased out and SME restructuring be accelerated. Efforts are also needed to deepen capital markets …
Persistent link: https://www.econbiz.de/10010790387
Going forward, Korea faces two closely related challenges: sustaining economic growth against the backdrop of a rapidly aging population and ameliorating income inequality. This paper argues that a gradual increase in social spending could promote more sustainable and inclusive growth in Korea....
Persistent link: https://www.econbiz.de/10009659803
This paper examines how exchange rate volatility and Korean banks' foreign exchange liquidity mismatches interacted with each other during the Global Financial Crisis, and whether the vulnerability stemming from this interaction has been reduced since then. Structural and cyclical changes after...
Persistent link: https://www.econbiz.de/10009679020