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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
The world economy has experienced four global recessions over the past seven decades: in 1975, 1982, 1991, and 2009 … internationally, with severe economic and financial disruptions in many countries around the world. The 2009 global recession, set off …
Persistent link: https://www.econbiz.de/10012840241
economic effects. The financial crisis that hit the world economy in 2008-2009 has transformed the lives of many individuals … financial system continue around the world, the challenge for policy makers is to incorporate the lessons from the failures to …
Persistent link: https://www.econbiz.de/10012973780
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
of asymmetries in world asset demand and supply. Absent changes in the deep determinants of these, global imbalances can …
Persistent link: https://www.econbiz.de/10012976478
the World Bank in response to the global economic crisis of 2008-2009. Given trends in the imposition of new crisis …
Persistent link: https://www.econbiz.de/10012976545
around the world in response to the crisis. It highlights a number of key issues regarding economic and financial policies …
Persistent link: https://www.econbiz.de/10012976634
This paper examines how different establishments performed during the recent global financial crisis, focusing on the role of foreign ownership. The paper investigates how foreign ownership affected establishments' responses to negative economic shocks, using a cross-country panel dataset with...
Persistent link: https://www.econbiz.de/10012975504
The 2001/02 Argentine crisis had a profound impact on Uruguay's economy. Uruguay's gross domestic product shrank by 17.5 percent and the proportion of people living below the poverty line doubled in just two years. It took almost 10 years for the poverty rate to recover to its pre-crisis level....
Persistent link: https://www.econbiz.de/10012973278
This paper describes the serious fiscal crisis faced by cities around the world following the Great Recession of 2008 …. Section 1 summarizes how the crisis was triggered and how it unfolded in the US, then spread to the rest of world … and expenditure, and the stimulus programs and recovery plans devised as a short term response by cities around the world …
Persistent link: https://www.econbiz.de/10012974855