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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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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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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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Determinants of Long-Term Versus Short-Term Bank Credit in EU Countries
Anderson, Haelim - 2017
This paper empirically examines the determinants of credit at different maturities across European Union countries during the last decade. The paper documents the lengthening of maturities since the early 2000s, and whether these patterns were driven by similar factors in advanced countries and...
Persistent link: https://www.econbiz.de/10012970864
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How Did the Great Recession Affect Different Types of Workers? Evidence from 17 Middle-Income Countries
Cho, Yoonyoung - 2011
retrenchment during the great recession. Average employment growth slowed dramatically, particularly for wage and industrial sector … on employment, unemployment, and wage employment, particularly relative to older adults. Percentage employment reductions … of the population, male employment rates also plummeted. Larger drops in male employment were primarily attributable to …
Persistent link: https://www.econbiz.de/10013129054
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How Resilient and Countercyclical Were Emerging Economies to the Global Financial Crisis?
Didier, Tatiana - 2017
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
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How Did the Great Recession Affect Different Types of Workers? Evidence from 17 Middle-Income Countries
Cho, Yoonyoung - 2017
the severity of the shock. Among active workers, youth experienced by far the largest adverse impacts on employment …, unemployment, and wage employment, particularly relative to older adults. The percentage employment reductions, for example, were …. Employment rates, as a share of the population, also plummeted for men. Larger drops in male employment were primarily …
Persistent link: https://www.econbiz.de/10012976044
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How Important are Spillovers from Major Emerging Markets?
Huidrom, Raju - 2017
-- constituted more than one-quarter of global output and more than half of global output growth during 2010-15. These emerging …
Persistent link: https://www.econbiz.de/10012954309
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When the Cycle Becomes the Trend : The Emerging Market Experience with Fiscal Policy During the Last Commodity Super Cycle
Amra, Rashaad - 2019
Fiscal buffers have shrunk across the world. This paper argues that limited fiscal room in emerging market economies today is partly due to the commodity super cycle of 2000-15. The super cycle created the mirage that economic performance had structurally improved, mistaking a long,...
Persistent link: https://www.econbiz.de/10012894578
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Financial Inclusion, Productivity Shocks, and Consumption Volatility in Emerging Economies
Bhattacharya, Rudrani - 2017
volatile than income, indicates that financial reform further increases the volatility of consumption relative to output. This …
Persistent link: https://www.econbiz.de/10012971665