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determinants of movements in Sweden’s real exchange rate. It finds that, while (supply and demand) shocks account for over 60 … account for a higher fraction of these real shocks in Sweden than in those core countries. If real demand shocks result from … controllable macroeconomic policies, the cost of relinquishing the exchange rate is no higher, and may be lower, for Sweden than …
Persistent link: https://www.econbiz.de/10014403334
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banks’ headline capital ratios underestimate their capital strength. A comparison with Canadian, UK and Australian banks …
Persistent link: https://www.econbiz.de/10012671009
In recent years, firms in emerging market countries have increased borrowing, particularly in foreign currency, owing to easy access to global capital markets, prolonged low interest rates and good investment opportunities. This paper discusses the trends in emerging market corporate debt and...
Persistent link: https://www.econbiz.de/10011408290
The three main financial inflows to developing countries have largely increased during the last two decades, despite the large debate in the literature regarding their effects on economic growth which is not yet clear-cut. An emerging literature investigates the dependence of their effects on...
Persistent link: https://www.econbiz.de/10012605579
External conditions have been found to influence the tendency of emerging market and developing economies to experience episodes of growth accelerations and reversals. In this paper we study the role of domestic policies and other structural attributes in amplifying or mitigating the effect that...
Persistent link: https://www.econbiz.de/10012102045
We compare business cycle fluctuations in Sub-Saharan African (SSA) countries vis-a-vis the rest of the world. Our main results are as follows: (i) African economies stand out by their macroeconomic volatility, which is is reflected in the volatility of output and other macro variables; (ii)...
Persistent link: https://www.econbiz.de/10012112323
The dynamic responses of a developing economy to a variety of policy and external shocks are studied using an empirical macroeconomic model which embodies rational expectations, perfect capital mobility, and import rationing. These features, which are relatively new in developing-country...
Persistent link: https://www.econbiz.de/10014396467
Persistent link: https://www.econbiz.de/10009747249