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Since the Global Financial Crisis, world trade growth has been subdued and lagging slightly behind growth of gross … trade-income relationship, and then investigates its consequences for economic growth. On the demand side, sluggish world …
Persistent link: https://www.econbiz.de/10012246196
The world economy has experienced four global recessions over the past seven decades: in 1975, 1982, 1991, and 2009 … internationally, with severe economic and financial disruptions in many countries around the world. The 2009 global recession, set off … the crisis, advanced economies felt the brunt of the recession. The subsequent expansion has been the weakest in the post-war …
Persistent link: https://www.econbiz.de/10012230745
Emerging markets and developing economies (EMDEs) weathered the 2009 global recession relatively well. However, the impact of the global recession varied across economies. EMDEs with stronger pre-crisis fundamentals - such as large foreign exchange reserves, sound fiscal positions, and low...
Persistent link: https://www.econbiz.de/10012257019
Growth fluctuations exhibit substantial synchronization across countries, which has been viewed as reflecting a global business cycle driven by shocks with worldwide reach, or spillovers resulting from local real and/or financial linkages between countries. This paper brings these two...
Persistent link: https://www.econbiz.de/10012008277
Following the world food ... …
Persistent link: https://www.econbiz.de/10012644419
between exchange rate volatility and foreign direct investment (FDI)inflows. The results reveal a negative relationship … between de facto exchange rate volatility andFDI. Reducing exchange rate volatility by 10 percent over one-year can boost FDI … been experiencing high volatility of the rand inrecent years. Reducing the rand's volatility to that of developing country …
Persistent link: https://www.econbiz.de/10012645327
the main factors behind the volatility in output growth. A MarkovSwitching VAR (MS-VAR) model is also employed to explore … volatile economies in Latin America and the Caribbean. Most this is volatility is driven by fluctuations in the economic growth …'s GDP on growth weakens during periods of intense volatility suggesting that the authorities may need to invest more in …
Persistent link: https://www.econbiz.de/10012646791
Do sources of volatility differ by country characteristics such as the level of development, country size, quality of … that factors affecting gross domestic product volatility differ systematically by country size, development level, and … paper shows that small developing countries are more prone to domestic output shocks, while shocks to the world interest …
Persistent link: https://www.econbiz.de/10011903019
Previous sharp oil price declines have been accompanied by elevated ex post volatility. In contrast, volatility was … price declines. This finding is robust to nonparametric and GARCH measures of volatility. Further, the U.S. dollar … appreciation exerted a strong influence on volatility during the recent crash; in contrast, the impact of shocks on equity markets …
Persistent link: https://www.econbiz.de/10012245707
measures, the financial globalization index corrects for the heteroscedasticity of global volatility. This leads to a downward … globalization reduces market volatility (measured by the volatility of stock returns) in tranquil times, and increases it in … turbulent ones. On average, the first effect dominates, so that financial globalization leads to a decrease in market volatility …
Persistent link: https://www.econbiz.de/10012246024