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Sectoral debt capacity and business cycles : developing Asia and the world economy
Han, Bada; Ahmed, Rashad; Jinjarak, Yothin; Aizenman, Joshua - 2023
This paper reviews the patterns of sectoral debts and growth and the mechanisms explaining the adverse effects of debt burdens on growth rates. The empirical analysis covers a sample of 55 emerging and frontier market economies. Future economic growth is more sensitive to rising household debt...
Persistent link: https://www.econbiz.de/10014280028
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Fiscal Stimulus and Commercial Bank Lending Under COVID-19
Aizenman, Joshua; Jinjarak, Yothin; Spiegel, Mark - National Bureau of Economic Research - 2022
We investigate the implications of extra-normal government spending under the COVID-19 pandemic for commercial bank lending growth between 2019Q4 and 2020Q4 in a large sample of over 3000 banks from 71 countries. We control for pre-pandemic structural factors, bank characteristics and government...
Persistent link: https://www.econbiz.de/10013172181
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Post COVID-19 exit strategies and emerging markets economic challenges
Aizenman, Joshua; Itō, Hiro - In: Review of international economics 31 (2023) 1, pp. 1-34
Persistent link: https://www.econbiz.de/10014278119
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Sectoral Debt and Global Dollar Cycles in Developing Economies
Han, Bada; Ahmed, Rashad; Aizenman, Joshua; Jinjarak, Yothin - National Bureau of Economic Research - 2024
We explore the role of sectoral debt dynamics in shaping business cycles in a sample of 52 Emerging Market Economies (EMEs) and Frontier Market Economies (FMEs) from 2005 to 2021. Higher household debt levels and growth are associated with significantly slower GDP growth in more developed EMEs...
Persistent link: https://www.econbiz.de/10014486174
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Sectoral Debt and Global Dollar Cycles in Developing Economies
Han, Bada - 2024
We explore the role of sectoral debt dynamics in shaping business cycles in a sample of 52 Emerging Market Economies (EMEs) and Frontier Market Economies (FMEs) from 2005 to 2021. Higher household debt levels and growth are associated with significantly slower GDP growth in more developed EMEs...
Persistent link: https://www.econbiz.de/10015058702
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Fiscal space and increasing fiscal resilience
Aizenman, Joshua; Jinjarak, Yothin; Nguyen, Hien Thi Kim; … - 2019
The paper compares fiscal cyclicality across regions and countries from 1960 to 2016. It finds that more than half of 170 countries analyzed in seven regions had, in more recent years, limited fiscal space, and that their fiscal policy was either cyclical or procyclical. This was particularly...
Persistent link: https://www.econbiz.de/10012020530
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Privatization in emerging markets
Aizenman, Joshua - 1998
Persistent link: https://www.econbiz.de/10000662918
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Privatization in emerging markets
Aizenman, Joshua - In: Journal of economic integration 15 (2000) 1, pp. 145-161
Persistent link: https://www.econbiz.de/10001459760
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Privatization in Emerging Markets
Aizenman, Joshua - 1998
This paper evaluates the welfare implications of privatization in emerging market economies, in countries where … policies are determined by the median voter. We show that privatization may lead to large efficiency gains by changing the menu … of taxes. We illustrate this point with two examples. First, we consider privatization of import competing public …
Persistent link: https://www.econbiz.de/10012472283
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Privatization in Emerging Markets
Aizenman, Joshua - 2021
This paper evaluates the welfare implications of privatization in emerging market economies, in countries where … policies are determined by the median voter. We show that privatization may lead to large efficiency gains by changing the menu … of taxes. We illustrate this point with two examples. First, we consider privatization of import competing public …
Persistent link: https://www.econbiz.de/10013230591