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What types of capital flows help improve international risk sharing?

Islamaj, Ergys; Kose, M. Ayhan - 2021

Cross-border capital flows are expected to lead to increased international risk sharing by facilitating borrowing and … lending in global financial markets. This paper examines risk-sharing outcomes of various types of capital flows (foreign … economies. The results suggest that remittances and aid flows are associated with increased international risk sharing. Other …

Persistent link: https://www.econbiz.de/10012694652

What types of capital flows help improve international risk sharing?

Islamaj, Ergys; Kose, M. Ayhan - 2021

Persistent link: https://www.econbiz.de/10013373851

Is a global recession imminent?

Guénette, Justin Damien; Kose, M. Ayhan; Sugawara, Naotaka - 2022

Global growth prospects have deteriorated significantly since the beginning of the year, raising the specter of global recession. This paper relies on insights gleaned from previous global recessions to analyze the recent evolution of economic activity and policies and presents plausible...

Persistent link: https://www.econbiz.de/10014541046

Is a Global Recession Imminent?

Guénette, Justin Damien; Kose, M. Ayhan; Sugawara, Naotaka - 2022

Persistent link: https://www.econbiz.de/10015268607

Understanding Financial Crises: Causes, Consequences, and Policy Responses

Claessens, Stijn; Kose, M. Ayhan; Laeven, Luc; … - 2013

The global financial crisis of 2007-09 has led to an intensive research program analyzing a wide range of issues related to financial crises. This paper presents a summary of a forthcoming book, Financial Crises: Causes, Consequences, and Policy Responses, that includes 19 contributions...

Persistent link: https://www.econbiz.de/10010500233

Asset prices and macroeconomic outcomes: A survey

Claessens, Stijn; Kose, M. Ayhan - 2017

This paper surveys the literature on the linkages between asset prices and macroeconomic outcomes. It focuses on three major questions. First, what are the basic theoretical linkages between asset prices and macroeconomic outcomes? Second, what is the empirical evidence supporting these...

Persistent link: https://www.econbiz.de/10012060200

Macroeconomic implications of financial imperfections: A survey

Claessens, Stijn; Kose, M. Ayhan - 2017

This paper surveys the theoretical and empirical literature on the macroeconomic implications of financial imperfections. It focuses on two major channels through which financial imperfections can affect macroeconomic outcomes. The first channel, which operates through the demand side of finance...

Persistent link: https://www.econbiz.de/10012060201

Debt and financial crises

Koh, Wee Chian; Kose, M. Ayhan; Nagle, Peter; Ohnsorge, … - 2020

Emerging market and developing economies have experienced recurrent episodes of rapid debt accumulation over the past fifty years. This paper examines the consequences of debt accumulation using a three-pronged approach: an event study of debt accumulation episodes in 100 emerging market and...

Persistent link: https://www.econbiz.de/10012388929

Emerging and developing economies: Ten years after the global recession

Kose, M. Ayhan; Ohnsorge, Franziska - 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/10012388933

Can this time be different? Policy options in times of rising debt

Kose, M. Ayhan; Nagle, Peter; Ohnsorge, Franziska; … - 2020

Episodes of debt accumulation have been a recurrent feature of the global economy over the past fifty years. Since 2010, emerging and developing economies have experienced another wave of historically large and rapid debt accumulation. Similar past debt buildups have often ended in widespread...

Persistent link: https://www.econbiz.de/10012388936