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China’s transformation into a dynamic private-sector-led economy and its integration into the world economy have been among the most dramatic global economic developments of recent decades. This paper provides an overview of some of the key aspects of recent developments in China’s...
Persistent link: https://www.econbiz.de/10005252521
We review the literature on Dutch disease, and document that shocks that trigger foreign exchange inflows (such as natural resource booms, surges in foreign aid, remittances, or capital inflows) appreciate the real exchange rate, generate factor reallocation, and reduce manufacturing output and...
Persistent link: https://www.econbiz.de/10008777021
This 2009 Article IV Consultation highlights that Malaysia has been hit hard by the global downturn. The economy is set to contract for the first time in 10 years. Global turbulence has spilled into the domestic financial markets. Executive Directors have commended the Malaysian authorities for...
Persistent link: https://www.econbiz.de/10011243500
This paper examines the changing nature of growth spillovers between developed economies, the North, and developing … and Emerging Southern economies have started to exhibit more intensive intra-group growth spillovers. …
Persistent link: https://www.econbiz.de/10005769105
This 2007 Article IV Consultation highlights that Indonesia’s economic performance has been strong since the last Article IV Consultation. Supported by sound policies and a favorable external environment, output has grown strongly, inflation has stabilized, and international reserves have...
Persistent link: https://www.econbiz.de/10011244555
Over the last decade, GDP growth in emerging Asia was roughly twice as fast as average world growth. The IMF’s Global Economy Model (GEM) is used to estimate the impact that emerging Asia’s growth differential has had on Australia. The simulation analysis, which replicates some key...
Persistent link: https://www.econbiz.de/10008727805
This paper discusses the request from Costa Rica for a Stand-By Arrangement (SBA). The program seeks to enable an orderly adjustment of the Costa Rican economy to an adverse external environment, while mitigating its adverse effects on growth and household incomes. To strengthen the external...
Persistent link: https://www.econbiz.de/10011245783
shifts economic activity in Central America by 0.7 to 1 percent, on average. Spillovers from global shocks and the rest of … the region also affect activity in some countries. Spillovers are mostly transmitted through advanced country financial …
Persistent link: https://www.econbiz.de/10008519508
, providing useful tailwinds to their recovery process? This study investigates the potential relevance of growth spillovers in … Japan remain the key source of growth spillovers in this recovery, with France also playing an important role for the … spillovers compared to other systemic countries, but likely plays a key role in transmitting and amplifying external growth …
Persistent link: https://www.econbiz.de/10009327861
Colombia’s economic performance has been strong, aided by sound economic policies. Structural reforms and prudent macroeconomic policy management has contributed to higher economic growth and lower inflation. Executive Directors commended the economic strategy, which has increased...
Persistent link: https://www.econbiz.de/10011242760