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This paper analyzes the macroeconomic impact of China's 2009-2010 fiscal stimulus package by simulating a dynamic general equilibrium multi-country model of the world economy, showing that the effects on China's economic activity are sizeable: absent fiscal stimulus China's GDP would be 2.6 and...
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The paper reviews the case for a strong multilateral response to the global crisis in emerging markets (EMs). It … issues raised by the global crisis that cannot be addressed immediately but will need to be dealt with once the current … crisis has been tamed. -- Global Crisis ; Latin America and Caribbean ; Multilateral Development Banks ; Policy Responses …
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The international business cycle is very important for Latin America's economic performance as the recent global crisis … boom. These findings help to explain why Latin America did so well during the global crisis, but point to the risks …
Persistent link: https://www.econbiz.de/10009311486
monopolistic banking system have an asymmetric impact on financial stability: they increase the probability of a financial crisis …
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