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Covid-19 Mortality in Rich and Poor Countries : A Tale of Two Pandemics?
Schellekens, Philip - 2020
, despite the extensive spread of the virus, the mortality toll remains highly concentrated in high-income countries. Developing …
Persistent link: https://www.econbiz.de/10012832606
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The Effect of Remittances on the Current Account in Developing and Emerging Economies
Lartey, Emmanuel K. K. - 2018
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
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Financial Globalization and Market Volatility : An Empirical Appraisal
Cordella, Tito - 2017
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/10012954311
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Emerging and Developing Economies : Ten Years after the Global Recession
Kose, M. Ayhan - 2020
Although emerging market and developing economies (EMDEs) weathered the global recession a decade ago relatively well, they now appear less well placed to cope with the substantial downside risks facing the global economy. In many EMDEs, the room for monetary and fiscal policies to respond to...
Persistent link: https://www.econbiz.de/10012841602
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Negative Interest Rate Policies : Sources and Implications
Arteta, Carlos - 2017
Against the background of continued growth disappointments, depressed inflation expectations, and declining real equilibrium interest rates, a number of central banks have implemented negative interest rate policies (NIRP) to provide additional monetary policy stimulus over the past few years....
Persistent link: https://www.econbiz.de/10012968211
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Impacts of Sovereign Rating on Sub-Sovereign Bond Ratings in Emerging and Developing Economies
Mohapatra, Sanket - 2017
This paper explores factors that affect the distance between sovereign credit ratings and the ratings assigned to new foreign-currency bonds issued by sub-sovereign entities (such as private non-financial corporations, financial firms, and public sector enterprises) in 47 emerging markets and...
Persistent link: https://www.econbiz.de/10012969641
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How Do Governments Respond to Food Price Spikes? Lessons from the Past
Anderson, Kym - 2017
Food prices in international markets spiked upward in 2008, doubling or more in a matter of months. Evidence is still being compiled on policy responses over the following two years, but lessons can be learned from the price spike in 1973, the magnitude and speed of which were similar to those...
Persistent link: https://www.econbiz.de/10012976397
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The Effect of Aid on Growth : Evidence from a Quasi-Experiment
Galiani, Sebastian - 2017
The literature on aid and growth has not found a convincing instrumental variable to identify the causal effects of aid. This paper exploits an instrumental variable based on the fact that since 1987, eligibility for aid from the International Development Association (IDA) has been based partly...
Persistent link: https://www.econbiz.de/10012973243
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On the Asymmetry of Global Spillovers : Emerging Markets Versus Advanced Economies
Arezki, Rabah - 2018
This paper examines growth spillovers between emerging markets and advanced economies. The empirical results, based on a two-bloc setup and cover 1991 to 2015, are twofold. First, the paper shows that the size of the spillovers running from emerging markets to advanced economies is about a fifth...
Persistent link: https://www.econbiz.de/10012907092
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Sudden Stops and Financial Frictions : Evidence from Industry Level Data
Cowan, Kevin - 2017
The nature of the microeconomic frictions that transform sudden stops in output collapses is not only of academic interest, but also crucial for the correct design of policy responses to prevent and address these episodes and the lack of evidence on this regard is an important shortcoming. This...
Persistent link: https://www.econbiz.de/10012976087