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We estimate dynamic factor models for two sub-samples between 1995 and 2017 for up to 42 advanced and emerging-market economies to investigate changes in the contribution of global and regional factors to fluctuations in real GDP per capita growth, inflation, 10-year government bond yields and...
Persistent link: https://www.econbiz.de/10011995720
The rapid integration of emerging market economies (EMEs) into world trade over the past three decades has raised widespread concerns about the effects this is having on trade-exposed sectors in advanced OECD countries. An analysis of international trade patterns of over 4000 products between...
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market inflows, and openness to foreign bank entry are found to reduce the vulnerability to financial contagion. Finally …, vulnerability to international bank balance-sheet shocks is found to be lower in situations of abundant global liquidity …, underlining the importance of adequate central bank reactions in situations of financial turmoil. …
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Improving school-to-work transitions and ensuring better career opportunities for youth after labour market entrance are common goals in emerging and advanced economies as they can contribute to raising the productive potential of the economy and to increasing social cohesion. However, the...
Persistent link: https://www.econbiz.de/10010257753
Growth in emerging market economies (EMEs) is set to durably slow from the rates observed over 2010-12 as cyclical effects fade, potential growth declines and external financing conditions tighten. Large negative current account balances make some EMEs vulnerable to sudden reversals in capital...
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reallocation and imperfect bank supervisory practices that diminish productive capital reallocation through distorted lending …
Persistent link: https://www.econbiz.de/10011700187