Showing 1 - 10 of 372
The paper identifies key features of International Monetary Fund (IMF)-supported programs following the 2008 global financial crisis. The statistical analysis of a large sample of countries that borrowed from the IMF during 1997-2013 indicates that, compared to the amount of financing provided...
Persistent link: https://www.econbiz.de/10011843919
Many developing countries have attempted to pursue the East Asian growth model in recent decades. This model is widely perceived to have been based on export-led growth. Given that developed countries are likely to grow at a slower rate and be less willing to run trade deficits in the...
Persistent link: https://www.econbiz.de/10009381662
This paper compares financial assistance programs of four euro-area countries (Greece, Ireland, Portugal, and Cyprus) and three non-euro-area countries (Hungary, Latvia, and Romania) of the European Union in the aftermath of the 2007/08 global financial and economic crisis - which were supported...
Persistent link: https://www.econbiz.de/10011635367
Commodity prices have become volatile over the past 2 decades, and their recent sharp decline has decreased the consumer price index inflation rates for most economies. While many Asian economies have benefited from low international oil and food prices, commodity exporters have suffered. Thus,...
Persistent link: https://www.econbiz.de/10011621249
An energy resource as a production input plays a major role in various economic sectors, including commodity production, transportation, and electricity generation. However, increased energy consumption may lead to more air pollution, resulting in negative health impacts in a society. The main...
Persistent link: https://www.econbiz.de/10012175440
With the global economy still in recession, two important questions arise for Asia: how soon will the recession end … Asia in order to shed light on these issues. Several important stylized facts emerge from this study: (i) recessions … norm, suggesting that the current recession could have been even costlier and more drawn out had Asia's banks not entered …
Persistent link: https://www.econbiz.de/10003901423
The paper investigates the labor market and social impacts of the global financial and economic crisis in Asia and the …
Persistent link: https://www.econbiz.de/10008732337
The aftermath of the global financial crisis of 2007 - 2009 has called the export-led growth model of Asian economies into question. This paper describes the contribution that macroeconomic policy can make to promote a rebalancing of growth away from dependence on exports to developed economies...
Persistent link: https://www.econbiz.de/10008907795
new regional institutions that Asia needs to establish to contribute to this evolving global economic architecture. …
Persistent link: https://www.econbiz.de/10009690843
The COVID-19 pandemic is imposing economic and broader development challenges as never before. Policy lessons from Asia … inequality and environmental challenges increased the region's vulnerabilities. The post-pandemic recovery in Asia and the …
Persistent link: https://www.econbiz.de/10012500457