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Macroeconomic challenges and the resilience of emerging market economies in the 21st century

Aizenman, Joshua - 2020

A growing share of emerging markets (EMs) uses hybrid versions of inflation targeting that differ from the IT regimes of the OECD countries. Real exchange rate and international reserve changes affect the policy interest rates in commodity countries, aiming to stabilize their real exchange rate...

Persistent link: https://www.econbiz.de/10012219537

A model of fickle capital flows and retrenchment : global liquidity creation and reach for safety and yield

Caballero, Ricardo J.; Simsek, Alp - 2016 - This draft: December 8, 2016

We develop a model of gross capital flows and analyze their role in global financial stability. In our model, consistent with the data, when a country experiences asset fire sales, foreign investments exit (fickleness) while domestic investments abroad return home (retrenchment). When countries...

Persistent link: https://www.econbiz.de/10011573237

Propagation of Crises Across Countries : Trade Roots of Contagion Effects

Cukrowski, Jacek - 2009

The paper provides an explanation of the mechanisms underlying trade roots of the contagion effects emanating from the recent turmoils. It is argued that under demand uncertainty risk averse behavior of firms provides a basis for international trade. The paper shows by means of a simple...

Persistent link: https://www.econbiz.de/10013153132

Global Recession to Global Recovery : Macro and Micro Dynamics of Trade, Finance and Investment

Chugan, Pawan K. - 2012

It is well known fact that all good things, as also bad things, come to an end and business cycles pass through good and bad economic times. Economically 2010 was a year of transition from economic recession to recovery. Economies were improving in some countries and industries were showing...

Persistent link: https://www.econbiz.de/10013110884

Chapter 15. A Global Approach to Energy andtheEnvironment : The G-Cubed Model

McKibbin, Warwick J.; Wilcoxen, Peter J. - In: Handbook of computable general equilibrium modeling : …, (pp. 995-1068). 2013

trade theory, and modern macroeconomics by incorporating the best features of each. This chapter describes the theoretical …

Persistent link: https://www.econbiz.de/10014025276

2008 Global Financial Crisis-Ten Years After; Is Another Crisis ‘Resonating’?

Adegbite, Gabriel - 2018

The global financial crises have had severe impact on various financial markets and the world economies at large. At … impacts of country governance on world economies at large …

Persistent link: https://www.econbiz.de/10012909952

Global value chains and systemic risk : evidence from China and the G7 countries

Zhu, Siyu; Li, Yong; Niu, Tong - 2025

Persistent link: https://www.econbiz.de/10015372946

Global economy : new risks and leadership problems

Shavshukov, Viacheslav M.; Zhuravleva, Natalia A. - In: International Journal of Financial Studies : open … 8 (2020) 1/7, pp. 1-17

. After the global crisis of 2008-2009, the world economy entered the era of restructuring. This article focuses on the … risks that a new leader will face in the process of shaping the world economy. The methods employed in the research include … combination of world financial system crises and general civilization problems. These new systemic risks for the world economy …

Persistent link: https://www.econbiz.de/10012168948

Exchange Rate Volatility and the Credit Channel in the Emerging Markets : A Vertical Perspective

Caballero, Ricardo J.; Krishnamurthy, Arvind - 2004

Firms in emerging markets are exposed to severe financial frictions and credit constraints, that are exacerbated by the sudden stop of capital inflows. Can monetary policy offset this external credit squeeze? We show that although this may be the case during moderate contractions (or in partial...

Persistent link: https://www.econbiz.de/10014071372

Integration, Decoupling and the Global Financial Crisis : A Global Perspective

Miankhel, Adil Khan - 2015

in each region and devise counter policy measures against future idiosyncratic shocks. In the last decade, world dynamics …

Persistent link: https://www.econbiz.de/10013038855