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This paper surveys the literature to document the main stylized facts, risks, and policy challenges related to the expansion of global nonfinancial corporate debt after the 2008–09 global financial crisis. Nonfinancial corporate debt steadily increased after the crisis, especially in emerging...
Persistent link: https://www.econbiz.de/10012823367
Much micro-econometric evidence suggests that precipitation has wide ranging impacts on vital economic indicators such as agricultural yields, human capital, and even conflict. And yet paradoxically most macro-econometric evidence (especially in the climate economy literature) finds that...
Persistent link: https://www.econbiz.de/10012865494
The many and varied crises in the world economy since 2007 seem to have different origins and diverse manifestations …
Persistent link: https://www.econbiz.de/10012969887
In spite of the United States' recovery, most Caribbean nations are still struggling in the aftermath of the 2007?08 global financial crisis. This paper examines this slow growth recovery through the analysis of how the Caribbean's growth relates to that of key drivers of the global economy. The...
Persistent link: https://www.econbiz.de/10012970171
variety of historical and contemporary sources, it shows that there exists marked variation in the age structure of the world …
Persistent link: https://www.econbiz.de/10012859463
interaction among Russia's deteriorating fiscal fundamentals, its weak micro-foundations of growth and financial globalization …Russia had more-or-less completed the privatization of its manufacturing and natural resource sectors by the end of …, lowered real interest rates, and spurred investment. Instead, Russia suffered a massive public debt-exchange rate …
Persistent link: https://www.econbiz.de/10012976533
the baseline scenario, Russia's potential growth is expected to continue its gradual downward trend, from 1.5 percent in … Russia's potential growth rate to 3.0 percent by 2028. Under the assumptions discussed in the paper, pension reform … increase in Russia's potential growth rate. Potential growth is found to be most sensitive to changes in total factor …
Persistent link: https://www.econbiz.de/10012907090
This paper discusses the theoretical arguments in favor of and against economic globalization and, with a view to … ascertaining whether Latin America may be able to capture the globalization upside, examines the trends and salient features of … Latin America's globalization as compared with that of Southeast Asia. The paper focuses on trade and financial integration …
Persistent link: https://www.econbiz.de/10012973335
substantial welfare benefits for the world, and for China and India, and to act as a powerful offset to the terms-of-trade losses …
Persistent link: https://www.econbiz.de/10012747660
crises of the 1980s, Russia in 1998, Argentina in 2001, and Greece in 2010. Based on the track record, the authors argue that …
Persistent link: https://www.econbiz.de/10012975258