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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
The world economy has experienced four global recessions over the past seven decades: in 1975, 1982, 1991, and 2009. During each of these episodes, annual real per capita global gross domestic product contracted, and this contraction was accompanied by weakening of other key indicators of global...
Persistent link: https://www.econbiz.de/10012840241
As the world recovers only slowly from the 2008 financial crisis and Europe is facing a looming debt crisis, concerns have increased that the "new normal" -- a period of high unemployment, low returns on investment, high risks, and low growth -- may become protracted in advanced economies. If...
Persistent link: https://www.econbiz.de/10012975511
The main goal of this paper is to characterize the determinants of sudden stops caused by domestic vis-a-vis foreign residents. Are the decisions of domestic investors to invest abroad or of foreign investors to cut off funds from the domestic economy governed by the same set of determinants?...
Persistent link: https://www.econbiz.de/10012976162
The financial crisis arose in the industrial countries, but has affected developing countries through higher interest rates, sharp changes in commodity prices, and reductions in investment, trade, migration and remittances. For most low-income countries, shocks that affect food prices or wage...
Persistent link: https://www.econbiz.de/10012976362
market-state balance, macroeconomic management, globalization, development financing, and public spending. On the one hand …
Persistent link: https://www.econbiz.de/10012976477
interaction among Russia's deteriorating fiscal fundamentals, its weak micro-foundations of growth and financial globalization … notwithstanding. These include a discussion of when financial globalization might actually hurt and a cutoff in market access might …
Persistent link: https://www.econbiz.de/10012976533
predates the synchronized sell-off during the crisis. In addition, the paper tests the hypothesis that financial globalization … correlation despite the weaker economic ties. While an examination of the impact of alternative financial globalization proxies …
Persistent link: https://www.econbiz.de/10012975470
This paper provides empirical evidence on firm recoveries from financial system collapses in developing countries (systemic sudden stops episodes), and compares them with the experience in the United States in the 2008 financial crisis. Prior research found that economies recover from systemic...
Persistent link: https://www.econbiz.de/10012975760
This paper examines the growth patterns of emerging Europe and the Commonwealth of Independent States (CIS) countries prior to the global financial crisis. The aim is to draw lessons on what policies can best position these countries going forward to enjoy growth without a buildup in macro and...
Persistent link: https://www.econbiz.de/10012976091