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The fiscal stimulus of 2009-10 : trade openness, fiscal space and exchange rate adjustment
Aizenman, Joshua; Jinjarak, Yothin - 2011
This paper studies the cross-country variation of the fiscal stimulus and the exchange rate adjustment propagated by the global crisis of 2008-9, identifying the role of economic structure in accounting for the heterogeneity of response. We find that greater de facto fiscal space prior to the...
Persistent link: https://www.econbiz.de/10009269999
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The impossible trinity (aka the policy Trilemma) : the encyclopedia of financial globalization
Aizenman, Joshua - 2010
rate stability and monetary autonomy) continues to be a valid macroeconomic framework. The financial globalization during … financial globalization has been the growing exposure of developing countries to costly capital flights and deleveraging crises …
Persistent link: https://www.econbiz.de/10008647622
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The impossible trinity ; from the policy trilemma to the policy quadrilemma
Aizenman, Joshua - 2011
stability and monetary autonomy) remains a valid macroeconomic framework. The financial globalization during 1990s-2000s reduced … globalization is the growing exposure of developing countries to capital flights, and deleveraging crises. The significant costs …
Persistent link: https://www.econbiz.de/10008908358