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The more severe a financial crisis, the greater has been the likelihood of its management under an IMF-supported programme and the shorter the time from crisis onset to programme initiation. Political links to the United States have increased programme likelihood but have prompted faster...
Persistent link: https://www.econbiz.de/10009768011
countries of the world. Over the years, the G20 agenda has evolved to include pertinent issues for both developed countries and …
Persistent link: https://www.econbiz.de/10012308405
When Covid-19 was declared as a pandemic, countries administered lockdowns and stimulus packages were announced to address the deteriorating situation. For implementing these packages, routine control measures were simplified and often relaxed. The G20 countries were quick to react by...
Persistent link: https://www.econbiz.de/10013362300
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Persistent link: https://www.econbiz.de/10009385039
This paper assesses the vulnerability of Latin American and Caribbean (LAC) economies to external crises. It shows that while the average LAC economy has made significant strides to reduce vulnerability to crises to its historical minimum, there is still considerable room for improvement,...
Persistent link: https://www.econbiz.de/10014536612
subject to self-fulfilling variations in the world real interest rate. Those expectation-driven changes in the borrowing cost … asset prices, GDP, consumption, investment and employment). When firms around the world benefit from unexpectedly low debt … internationally. Such a stylized model thus offers one way to rationalize both the existence of world business-cycle factor documented …
Persistent link: https://www.econbiz.de/10011911509
When do financial markets help in predicting economic activity? With incomplete markets, the link between financial and real economy is state-dependent and financial indicators may turn out to be useful particularly in forecasting "tail" macroeconomic events. We examine this conjecture by...
Persistent link: https://www.econbiz.de/10010339756
This paper attempts to address both theoretical and practical considerations for a tax such as financial transactions taxes (FTT). It includes examples of FTT in the wider context, for example, on stocks and derivatives, currency transactions, and tangible property. Most of the discussion...
Persistent link: https://www.econbiz.de/10008987104
Ukraine has been subject to full-scale Russian aggression since 24 February 2022, with major implications for Ukraine's economic performance and economic management. Martial law has temporarily restricted civil and political rights and allowed the government to introduce command management in...
Persistent link: https://www.econbiz.de/10014316271