This paper reviews the impact of the global economic and financial crisis on two distinct emerging market regions: Central, Eastern and Southeastern Europe (CESEE) and Latin America. Similar to other emerging economies, both regions were initially surprisingly resilient as the crisis gathered...

The world financial crisis of 2008 affected transition economies (including Eastern Europe and CIS members) in different ways depending on their previous growth patterns and forms of international integration. The sources of diversity have often been overlooked in views of transition as...

With the financial bomb hitting most of the East Asian economies the financial structure of most of the economies collapsed. Economies like Singapore, Indonesia, Thailand, Malaysia, Philippines were heavily affected, we will provide a brief insight into these economies during the crisis period....

There are striking similarities between the 'Krach' of 1929 and the current euro area debt crisis concerning the adjustment mechanisms involved overcoming international trade imbalances caused then by the German Transfer Problem and war reparations in general and now by intra-euro-area trade...

The past two years have seen the worst post-war global recession on record, coupled with a dramatic dislocation in financial markets that is unprecedented. While governments around the world have stepped in to shore up their banking sectors, and central banks have cut interest rates to record...

To the extent that financial contagion from the United States and the euro area crisis has occurred in Asia, this paper focuses on the importance of strengthening the regional financial safety nets. By conjecturing that efforts to prevent and manage a crisis are the essence of providing such...

This paper describes a new analytical framework for the quantitative assessment of international external positions. The framework links each country's current net foreign asset position to its current trade flows, forecasts of future trade flows, and expectations concerning future returns on...