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of stagnation or low growth. Comparative case studies of the Great Depression, the Latin American debt crisis of the 1980 … prosperity for a long time? The main conclusion is that stagnation after big financial crises becomes likely when the balance …
Persistent link: https://www.econbiz.de/10010242870
Persistent link: https://www.econbiz.de/10012620875
The purpose of this paper is to set the issue of Chinese investment in Southeast Asia in two contexts: the changing geography of economic growth and patterns of trade and investment across the world as a whole, and the accompanying quiet revolution that has taken place in the international...
Persistent link: https://www.econbiz.de/10013067322
The post-GFC era sees slower global growth and a substantial Chinese slowdown, unusually combined with lower investment financing costs, and with the eventual prospect of a US-led re-tightening of global financial markets. For Indonesia in the medium term, these developments imply a slowing of...
Persistent link: https://www.econbiz.de/10012983551
Since the late 1970s, the Chinese government has been undertaking major efforts in developing their countries economy by means of industrial policy. However, a more narrow approach to industrial policy has been pursued only since 2010, with the initiation of the 'Strategic Emerging Industries'...
Persistent link: https://www.econbiz.de/10014327490
This paper examines the macroeconomic policies and outcomes experienced by the Latin American economies during the period 1990-2010. Macroeconomic policies refer to exchange rates, monetary and aggregate fiscal policies, while macroeconomic outcomes, on the other hand, refer to the patterns of...
Persistent link: https://www.econbiz.de/10010319943
This paper examines the macroeconomic policies and outcomes experienced by the Latin American economies during the period 1990-2010. Macroeconomic policies refer to exchange rates, monetary and aggregate fiscal policies, while macroeconomic outcomes, on the other hand, refer to the patterns of...
Persistent link: https://www.econbiz.de/10009504596
A new inflationary memory indicator was developed and applied here. A panel was built with the selected countries considering the economic growth as dependent variable in function of the convergence hypothesis, the inflation rate, the public expense and, the recursive variance of the inflation...
Persistent link: https://www.econbiz.de/10008758758
The end of convertibility and a subsequent default, confiscation of deposits and devaluation is the path that Paul Krugman proposes for several countries as a solution to the European crisis. We show that Krugman's reference to Argentine experience is misleading and dangerous. He underestimates...
Persistent link: https://www.econbiz.de/10013085524