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Taking Stock of Trade Protectionism Since 2008

Datt, Mohini; Hoekman, Bernard; Malouche, Mariem - In: World Bank - Economic Premise (2011) 72, pp. 1-9

Following the onset of the financial crisis in September 2008 and the subsequent “Great Trade Collapse” (Baldwin 2009), many countries actively used trade policy instruments as part of their response to the global recession. Governments pursued a mix of trade liberalization, trade promotion,...

Persistent link: https://www.econbiz.de/10009393234

Improving Access to Affordable Medicines: Looking at Prevailing Prices and Distribution of Village Drugstores in the Philippines

Tabuga, Aubrey D.; Reyes, Celia M.; Asis, Ronina D.; … - Philippine Institute for Development Studies (PIDS), … - 2011

Drugs and medicines account for about half of the total medical out-of-pocket expenses of households. This share of drugs to total medical expenses is much higher for the poor than the rich. Thus, affordability of medicines is an important issue in poverty reduction. Recent efforts to improve...

Persistent link: https://www.econbiz.de/10009394746

A P.E.S.T. ANALYSE OF THE MARKETING ENVIRONMENT OF THE ROMANIAN SME SECTOR DURING THE LAST FINANCIAL CRISIS YEARS

Constantinescu, Mariana Lucretia; Cojoaca, Andreea - In: Annales Universitatis Apulensis Series Oeconomica 2 (2011) 13, pp. 44-44

The health of an economy depends, no doubt, by the dynamic of SME sector andtheir level success on the domestic and … international markets.Our work aims a PESTLE analysis of the Romanian SME sector after 2008 year when theywere felt the effects of … themacroeconomic context of today, less favorable to SME of Romania.The reflection will bring the possible macroeconomic and sectorial …

Persistent link: https://www.econbiz.de/10009395323

Financial contagion of the 2008 crisis: is there any evidence of financial contagion from the US to the Baltic states

KUUSK, Andres; Paas, Tiiu; KUUSK, Andres - In: Eastern Journal of European Studies 2(2) (2011) December, pp. 61-76

The paper aims to investigate the research question whether the US 2008 crisis spilled over contagiously to the Baltic States as small open economies. In order to examine the evidence of financial contagion as a systematic component of financial risks in the case of the Baltic States, we employ...

Persistent link: https://www.econbiz.de/10009395380

Central Banks’ Response to the Current Financial Crisis – Between Costs and Benefits

Barbu, Teodora Cristina; Boitan, Iustina - In: International Journal of Economics and Financial Issues 2 (2012) 1, pp. 12-20

Our study is inserted in the thematic area dedicated, during recent years, to the research on central banks’ response to financial crisis. The global financial crisis has outlined a series of weaknesses located at regulatory and supervisory activities’ level, causing major central banks to...

Persistent link: https://www.econbiz.de/10009395614

Forecasting financial crises for an enterprise by using the Grey Markov forecasting model

Chen, Li-Hui; Guo, Tsuei-Yang - In: Quality & Quantity: International Journal of Methodology 45 (2011) 4, pp. 911-922

Persistent link: https://www.econbiz.de/10009396226

Real output costs of financial crises: a loss distribution approach

Kapp, Daniel; Vega, Marco - Volkswirtschaftliche Fakultät, … - 2012

The adverse effects of financial crises in terms of output losses or output growth below its potential can be treated like losses from catastrophic events which have a low likelihood but a large impact in the event that they occur. We therefore analyze GDP losses in terms of frequency (number of...

Persistent link: https://www.econbiz.de/10009397165

Oil Prices and Emerging Market Exchange Rates

Turhan, M. Ibrahim; Hacihasanoglu, Erk; Soytas, Ugur - Türkiye Cumhuriyet Merkez Bankası - 2012

This paper investigates the role of oil prices in explaining the dynamics of selected emerging countries exchange rates. Using daily data series, the study concludes that a rise in oil price is leading to a significant appreciation in emerging economies currencies against the US dollar. In our...

Persistent link: https://www.econbiz.de/10009398275

Extreme Value at Risk and Expected Shortfall during Financial Crisis

Kourouma, L.; Dupre, D.; Sanfilippo, G.; Taramasco, O. - HAL - 2011

This paper investigates Value at Risk and Expected Shortfall for CAC 40, S&P 500, Wheat and Crude Oil indexes during the 2008 financial crisis. We show an underestimation of the risk of loss for the unconditional VaR models as compared with the conditional models. This underestimation is...

Persistent link: https://www.econbiz.de/10009399186

Are Banks Passive Liquidity Backstops? Deposit Rates and Flows during the 2007-2009 Crisis

Acharya, Viral V; Mora, Nada - C.E.P.R. Discussion Papers - 2011

Can banks maintain their advantage as liquidity providers when they are heavily exposed to a financial crisis? The standard argument - that banks can - hinges on deposit inflows that are seeking a safe haven and provide banks with a natural hedge to fund drawn credit lines and other commitments....

Persistent link: https://www.econbiz.de/10009399713