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Kose, M. Ayhan; Ohnsorge, Franziska; Reinhart, Carmen M.; … - National Bureau of Economic Research - 2021

Debt in emerging market and developing economies (EMDEs) is at its highest level in half a century. In about nine out of 10 EMDEs, debt is higher now than it was in 2010 and, in half of the EMDEs, debt is more than 30 percentage points of gross domestic product higher. Historically, elevated...

Persistent link: https://www.econbiz.de/10012629486

Banking Crises : An Equal Opportunity Menace

Reinhart, Carmen M. - 2008

Banking crises dramatically weaken fiscal positions in both groups, with government revenues invariably contracting, and fiscal expenditures often expanding sharply. Three years after a financial crisis central government debt increases, on average, by about 86 percent. Thus the fiscal burden of...

Persistent link: https://www.econbiz.de/10012464062

Distributional Effects of Globalization in Developing Countries

Goldberg, Pinelopi Koujianou - 2007

We discuss recent empirical research on how globalization has affected income inequality in developing countries. We begin with a discussion of conceptual issues regarding the measurement of globalization and inequality. Next, we present empirical evidence on the evolution of globalization and...

Persistent link: https://www.econbiz.de/10012465771

Financial Globalization : A Reappraisal

Kose, M. Ayhan - 2006

perspective on the macroeconomic effects of financial globalization, both in terms of growth and volatility. Overall, our critical …

Persistent link: https://www.econbiz.de/10012466181

Financial Globalization, Growth and Volatility in Developing Countries

Prasad, Eswar S. - 2004

growth and volatility in developing countries. The results suggest that it is difficult to establish a robust causal …

Persistent link: https://www.econbiz.de/10012467745

Exchange Rate Regime Durability and Performance in Developing Countries Versus Advanced Economies

Husain, Aasim M. - 2004

Drawing on new data and advances in exchange rate regimes' classification, we find that countries appear to benefit by having increasingly flexible exchange rate systems as they become richer and more financially developed. For developing countries with little exposure to international capital...

Persistent link: https://www.econbiz.de/10012468017

Trade, Inequality, and Poverty : What Do We Know? Evidence from Recent Trade Liberalization Episodes in Developing Countries

Goldberg, Pinelopi K. - 2004

We review the empirical evidence on the relationship between Trade Liberalization, Inequality, and Poverty based on the … analysis of micro data from several developing countries that underwent significant trade reforms in recent years. Despite many … studies' has established certain patterns that seem common across countries and trade liberalization episodes, and may hence …

Persistent link: https://www.econbiz.de/10012468100

International Trade and Child Labor : Cross-Country Evidence

Edmonds, Eric - 2004

We explore the relationship between greater exposure to trade (as measured by openness) and child labor in a cross … countries that trade more have less child labor. At the cross-country means, the data suggest an openness elasticity of child …. When we control for the endogeneity of trade and for cross-country income differences, the openness elasticity of child …

Persistent link: https://www.econbiz.de/10012468377

Addicted to Dollars

Reinhart, Carmen M. - 2003

Dollarization, in a broad sense, is increasingly a defining characteristic of many emerging market economies. How important is this trend quantitatively and how important is it for the conduct of monetary policy and the choice of exchange rate regimes? Though these questions have become a hot...

Persistent link: https://www.econbiz.de/10012468683

What Explains Skill Upgrading in Less Developed Countries?

Pavcnik, Nina - 2000

Although many developing countries have experienced growing income inequality and an increase in the relative demand for skilled workers during the 1980s, the sources of this trend remain a puzzle. This paper examines whether investment and adoption of skill-biased technology have contributed to...

Persistent link: https://www.econbiz.de/10012470897