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Subjective Perceptions of the Impact of the Global Economic Crisis in Europe and Central Asia : The Household Perspective
Bidani, Benu - 2017
-thirds of respondents in Europe and Central Asia report their household was subjectively affected, primarily through the labor … household budget surveys that the crisis reduced the consumption of the middle and upper classes. But the analysis also finds …
Persistent link: https://www.econbiz.de/10012975393
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The Transmission of Banking Crises to Households : Lessons from the 2008-2011 Crises in the Eca Region
Brown, Martin - 2017
the macro level a flexible monetary regime is associated with fewer cutbacks in household consumption. At the meso level … impact of income shocks on household consumption, with the former especially important in middle-income countries …
Persistent link: https://www.econbiz.de/10012974168
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Global Recessions
Kose, M. Ayhan - 2020
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
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Is Uruguay More Resilient this Time? Distributional Impacts of a Crisis Similar to the 2001/02 Argentine Crisis
Cabanillas, Oscar Barriga - 2017
significantly, and household incomes would be 8 percent lower than in the absence of a crisis (almost 9 percent lower for those …
Persistent link: https://www.econbiz.de/10012973278
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The Social Impact of Financial Crises : Evidence from the Global Financial Crisis
Otker-Robe, Inci - 2017
Financial systems can contribute to economic development by providing people with useful tools for risk management, but when they fail to manage the risks they retain, they can create severe financial crises with devastating social and economic effects. The financial crisis that hit the world...
Persistent link: https://www.econbiz.de/10012973780
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The Great Recession and the Future of Cities
Dethier, Jean-Jacques - 2017
This paper describes the serious fiscal crisis faced by cities around the world following the Great Recession of 2008. Five years later, the after-effects of this major crisis continue to be felt and limit economic opportunities in cities. Section 1 summarizes how the crisis was triggered and...
Persistent link: https://www.econbiz.de/10012974855
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Did Latvia's Public Works Program Mitigate the Impact of the 2008-2010 Crisis?
Azam, Mehtabul - 2017
participating household incomes by 37 percent relative to similar households not benefiting from the program. The paper also finds …
Persistent link: https://www.econbiz.de/10012975108
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External Finance and Firm Survival in the Aftermath of the Crisis : Evidence from Eastern Europe and Central Asia
Clarke, George R. G. - 2017
Two data sets are used to study how country and firm characteristics affected firms' financial constraints and their likelihood of survival during the early phase of the recent global financial crisis in Eastern Europe and Central Asia, a region that was especially hard hit. The first data...
Persistent link: https://www.econbiz.de/10012975270
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Funding vs. Real Economy Shock : The Impact of the 2007-2009 Crisis on Small Firms'Credit Availability
Berg, Gunhild - 2017
This paper analyzes the impact of two distinct shocks stemming from the cross-border transmission of the 2007-2009 crisis on credit availability for small firms. The paper uses data from AccessBank Azerbaijan which was affected in its liquidity position during the second and third quarters of...
Persistent link: https://www.econbiz.de/10012975306
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Household Coping and Response to Government Stimulus in an Economic Crisis : Evidence from Thailand
Khandker, Shahidur R. - 2017
household consumption, income, borrowing, and debt repaid. To address simultaneity of changes in government spending and … household outcomes, the analysis estimates a dynamic panel regression, instrumenting the stimulus effect with second … household participation in these programs helped smooth consumption. This increase in monthly consumption was not supported from …
Persistent link: https://www.econbiz.de/10012975328