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Emerging markets and developing economies (EMDEs) weathered the 2009 global recession relatively well. However, the impact of the global recession varied across economies. EMDEs with stronger pre-crisis fundamentals - such as large foreign exchange reserves, sound fiscal positions, and low...
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We investigate the determinants of emerging markets performance during five U.S. Federal Reserve monetary tightening and easing cycles during 2004-2023. We study how macroeconomic and institutional conditions of an Emerging Market (EM) at the beginning of a cycle explain EM resilience during...
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Die Weltwirtschaft befindet sich in der schwersten Rezession seit 60 Jahren. Über einen Einbruch der Auslandsnachfrage und der Exporttätigkeit hat die Krise auf Deutschland übergegriffen. Das reale Bruttoinlandsprodukt wird in Deutschland in diesem Jahr um gut 4,5 Prozent sinken, im Jahr 2010...
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