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Highlights: - The European Union growth agenda has become even more pressing because growth is needed to support public and private sector deleveraging, reduce the fragility of the banking sector, counter the falling behind of southern European countries and prove that Europe is still a...
Persistent link: https://www.econbiz.de/10010494493
This paper examines the process of trade liberalisation in Mexico, particularly since the mid-1980s and the signing of …
Persistent link: https://www.econbiz.de/10010290687
Persistent link: https://www.econbiz.de/10011695737
Emerging countries in many cases are more crisis-prone than highly developed industrialized countries. This is in many cases due to a weak or volatile financial sector. The best policy to strengthen crisis resistance is the building up of a sound financial position. A sound financial position of...
Persistent link: https://www.econbiz.de/10011698419
Recent research convincingly shows that crises beget reform. Although the consensus is that economic crises foster macroeconomic stabilization, it is silent on which types of crises cause which types of reform. Is it economic or political crises that are the most important drivers of structural...
Persistent link: https://www.econbiz.de/10010267978
, Chile und Mexiko seit der Mexiko-Krise und entwickelt Indikatoren zur Beurteilung der Entwicklungschancen dieser Länder. Für … Argentinien wie für Brasilien, Chile und Mexiko zeigt sich im Zeitraum 1994?2002 kein eindeutiger Zusammenhang zwischen … für Mexiko als durchschnittlich zu bezeichnen. Für Brasilien sind die Entwicklungschancen unsicher: die Schuldensituation …
Persistent link: https://www.econbiz.de/10010283010
The 2010 European debt crisis has revived the discussion concerning the optimum adjustment strategy in the face of asymmetric shocks. Whereas Mundell's (1961) seminal theory on optimum currency areas suggests depreciation in the face of crisis, the most recent emergence of competitive...
Persistent link: https://www.econbiz.de/10010334490
We raise fundamental questions about macroeconomics relevant to escaping the financial and economic crisis and shifting to a sustainable economy. First, the feasibility of decoupling environmental pressure from aggregate income is considered. Decoupling as a single environmental strategy is...
Persistent link: https://www.econbiz.de/10011435400
The aftermath of the global financial crisis of 2007 - 2009 has called the export-led growth model of Asian economies into question. This paper describes the contribution that macroeconomic policy can make to promote a rebalancing of growth away from dependence on exports to developed economies...
Persistent link: https://www.econbiz.de/10010286146
disparities in Mexico over the last two decades. It is highlighted that the passage from an import substitution system to … of oil and raw materials and proximity to Mexico City. Economic liberalization and regional integration in NAFTA has been … related to regional divergence, a reduction of the importance of Mexico City as the main market and to the emergence of an …
Persistent link: https://www.econbiz.de/10010279085