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The financial crisis arose in the industrial countries, but has affected developing countries through higher interest rates, sharp changes in commodity prices, and reductions in investment, trade, migration and remittances. For most low-income countries, shocks that affect food prices or wage...
Persistent link: https://www.econbiz.de/10012551646
This paper studies the causes, mechanisms and consequences of decreasing firm value and welfare loss in an economy under a fixed exchange rate regime when there is an unexpected appreciation in domestic currency. We also study the possible economic crisis caused by the exchange rate shock. We...
Persistent link: https://www.econbiz.de/10012562635
Persistent link: https://www.econbiz.de/10012561658
The financial crisis arose in the industrial countries, but has affected developing countries through higher interest rates, sharp changes in commodity prices, and reductions in investment, trade, migration, and remittances. For most low-income countries, shocks that affect food prices or wage...
Persistent link: https://www.econbiz.de/10012561745
The crisis has surged across the public-private boundary, as the hit to private firms' balance sheets has now imposed heavy new demands on the public sector's finances. It has surged across national borders within the developed world, as the people of Iceland know all too well. And nowthere are...
Persistent link: https://www.econbiz.de/10012248316
The simmering sovereign debt crisis in the Euro Zone represents a looming threat to the recovery of the world economy and could lead to a renewed global financial crisis. The purpose of this paper is to analyze the root causes of the crisis in Europe and assess the extent to which it was driven...
Persistent link: https://www.econbiz.de/10012557056
This paper studies the causes, mechanisms and consequences of decreasing firm value and welfare loss in an economy under a fixed exchange rate regime when there is an unexpected appreciation in domestic currency. We also study the possible economic crisis caused by the exchange rate shock. We...
Persistent link: https://www.econbiz.de/10009207403
This paper examines China and Africa co-operation from the angle of structural transformation as a major driver of … growth and job creation. Being a bit ahead in the structural transformation process, China can provide ideas, tacit knowledge …, opportunities as well as development finances in Africa's transformation. We review critical parts of China's transformation to see …
Persistent link: https://www.econbiz.de/10010343215
Persistent link: https://www.econbiz.de/10011652502
Persistent link: https://www.econbiz.de/10011652510