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The global recession has strongly affected the credibility of the international banking system, damaging also the real economy.Developing countries, not fully integrated with international markets, seem less affected and local microfinance institutions might also allow for a further shelter...
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This paper proposes and applies an analytical framework to assess vulnerabilities of emerging and developing economies to the global financial and economic crisis. The analytical framework identifies six different channels of vulnerability to the global financial and economic crisis and...
Persistent link: https://www.econbiz.de/10013157487
Although emerging market and developing economies (EMDEs) weathered the global recession a decade ago relatively well, they now appear less well placed to cope with the substantial downside risks facing the global economy. In many EMDEs, the room for monetary and fiscal policies to respond to...
Persistent link: https://www.econbiz.de/10012175348
This article is devoted to the search for a solution to overcoming the consequences of the global financial and economic crisis and the development of a post-crisis global economy. The purpose of this article is to determine perspectives and directions for the development of new growth poles in...
Persistent link: https://www.econbiz.de/10011515874
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the institutional arrangements of the world economy under liberalization and globalization? Washington Consensus—Has the … countries will be able to meet the employment and poverty reduction goals set by the World Summit for Social Development, held … themes and related analytical and policy questions are emphasized: Liberalization and globalization—Contrary to theoretical …
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fully understood. Growth is often overlooked and underrated as an instrument for tackling the world's most pressing problems … written that is worth reviewing in a volume on globalization. The papers look at the issue of globalization from diverse …
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