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This paper studies the economic impact of the current global economic downturn on the household sector. Household budgets can be negatively affected by declines in nominal wages and increases in unemployment. We empirically test this effect for the small open emerging economy. As a result of a...
Persistent link: https://www.econbiz.de/10009229365
Based on a review of international and regional responses to the global financial and economic crisis and its …
Persistent link: https://www.econbiz.de/10011283429
the crisis and the rest. Our estimates imply that these firms suffered an additional employment drop between 3 and 13 …
Persistent link: https://www.econbiz.de/10010223447
the crisis and the rest. Our estimates imply that these firms suffered an additional employment drop between 3 and 13 …
Persistent link: https://www.econbiz.de/10010225894
finance, the crisis highlights the necessity of addressing a range of issues across the region. First, Asian approaches to …The global financial and economic crisis marks an important turning point for finance and the Asian growth model …. At the same time, while the region has not been at the center of the global crisis - in contrast to the Asian financial …
Persistent link: https://www.econbiz.de/10013132608
extended to riskier borrowers and ultimately proved ruinous. In the credit crisis that began in late 1825, the value of the …
Persistent link: https://www.econbiz.de/10013134674
the crisis was triggered abroad, the current high level of distressed debt in various transition countries mainly reflects … a strong positive relationship between pre-crisis house price increases, house price collapses during the crisis and … approaches in which banks restructure NPLs on a case-by-case basis to more centralised options, such as a “London approach”, bad …
Persistent link: https://www.econbiz.de/10013115309
This paper studies the economic impact of the current global economic downturn on the household sector. Household budgets can be negatively affected by declines in nominal wages and increases in unemployment. We empirically test this effect for the small open emerging economy. As a result of a...
Persistent link: https://www.econbiz.de/10013125547
trust is the main error the Eurogroup committed last Friday. We offer a proposal for the resolution of the crisis in Cyprus …
Persistent link: https://www.econbiz.de/10013084645
the crisis and the rest. Our estimates imply that these firms suffered an additional employment drop between 3 and 13 …
Persistent link: https://www.econbiz.de/10013071423