Showing 1 - 10 of 1,044
-specific characteristics and policies. Sudden stops now tend to affect different parts of the world simultaneously rather than bunching …
Persistent link: https://www.econbiz.de/10012969519
This paper presents an analysis of the effect of remittances on the current account in developing and emerging economies, incorporating an assessment of the extent to which exchange rate regimes impact the relationship. The main findings suggest there is a positive effect of remittances on the...
Persistent link: https://www.econbiz.de/10012912329
Adverse shocks to rich countries often have a large and persistent negative impact on investment and output in developing countries. This paper examines a transmission mechanism that can account for this stylized fact. The mechanism is based on the existence of international financial frictions....
Persistent link: https://www.econbiz.de/10012976389
In the aftermath of the global financial crisis, interest in systemic risk has surged among academics and policy makers. The mitigation of systemic risk is now widely accepted as the fundamental underlying concept for the design of the post-crisis regulatory agenda. Effective mitigation requires...
Persistent link: https://www.econbiz.de/10012971840
This paper introduces an "index of macroeconomic space" -- demonstrating the ability of a country to run a countercyclical fiscal policy or a fiscal stimulus at any point in time -- to show how a sample of 20 mostly middle-income countries had entered the 2008 global financial crisis with...
Persistent link: https://www.econbiz.de/10012976432
applies not just to the vulnerable in the rich world; the vulnerable in the rest of the world are not more immune. Yet … inequality creates the impression that the world is subjected to two different pandemics in terms of their impact. This paper … yet to run its course through the age distributions of the world …
Persistent link: https://www.econbiz.de/10012832606
This paper reviews evidence from 44 middle-income countries on how the recent financial crisis affected jobs and workers' incomes. In addition to providing a rare assessment of the magnitude of the impact across several middle-income countries, the paper describes how labor markets adjusted and...
Persistent link: https://www.econbiz.de/10012975779
During the crises of the 1990s, emerging economies usually lacked the policy tools to deal with external shocks that were available to advanced economies. Worldwide turbulent episodes found most emerging economies unable to perform countercyclical policies and, in many cases, their own...
Persistent link: https://www.econbiz.de/10012976041
likely to stop bringing their capital when their economy is growing and the world interest rate is lower. Domestic agents are … financial system is weak, and there are high external savings (current account surpluses). Increasing financial openness makes …
Persistent link: https://www.econbiz.de/10012976162
than domestic U.S. funds and world funds. When investigating abroad, U.S. mutual funds invest more in equity than in bonds …. World funds invest mainly in developed nations (Canada, Europe, Japan, and the United States). Ten percent of their …
Persistent link: https://www.econbiz.de/10012946753