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This working paper analyzes demographic change in Southeast Asia’s main cities during and soon after the World War II … of people from rural areas. In most countries, the war’s aftermath of refugees, revolution and political disruption …
Persistent link: https://www.econbiz.de/10010823442
Zimbabwe experienced the first hyperinflation of the 21st century. The government terminated the reporting of official … inflation statistics, however, prior to the final explosive months of Zimbabwe's hyperinflation. We demonstrate that standard …
Persistent link: https://www.econbiz.de/10013082044
This chapter supplies, for the first time, a table that contains all 56 episodes of hyperinflation, including several … which had previously gone unreported. The Hyperinflation Table is compiled in a systematic and uniform way. Most importantly … each episode, identifies the month of peak hyperinflation, and signifies the currency that was in circulation, as well as …
Persistent link: https://www.econbiz.de/10013085888
What began to unveil in the beginning of 2018 has become a reality since mid-2019: the global economic slowdown. What is unusual is that it is taking place synchronously, similar to the situation during the financial crisis. How could that happen when the central banks have been trying to...
Persistent link: https://www.econbiz.de/10012860057
China has created an economic miracle since its economic reforms began in the late 1970s, becoming the fastest growing economy in the world. The tremendous success of China’s economy has attracted worldwide attention. But at the same time, it has raised concerns as the country’s enormous...
Persistent link: https://www.econbiz.de/10014103773
This paper aims to show that the fiscal and monetary counter-cyclical actions implemented by Brazilian government after the financial crisis were frugal: the monetary policy was late and slowly slackened and the fiscal policy sustain a primary surplus budget, in the opposite direction of much...
Persistent link: https://www.econbiz.de/10010330546
This paper analyses several severe financial crises observed in the history of capitalism which led to a longer period of stagnation or low growth. Comparative case studies of the Great Depression, the Latin American debt crisis of the 1980s and the Japanese crisis of the 1990s and 2000s are...
Persistent link: https://www.econbiz.de/10010332604
How far do China’s property prices need to drop in order to send the country into a recession? What does this question tell us about the way Bubble Economies work? In this paper, we develop a theory of Bubble Economics – non-linear and often “systemic” (in the mathematical sense of the...
Persistent link: https://www.econbiz.de/10011476943
This paper aims to show that the fiscal and monetary counter-cyclical actions implemented by Brazilian government after the financial crisis were frugal: the monetary policy was late and slowly slackened and the fiscal policy sustain a primary surplus budget, in the opposite direction of much...
Persistent link: https://www.econbiz.de/10009230816
Due to the international crisis in the global economy the Euro zone economy is expected to grow with significantly lower rates. Moreover, inflation is accelerated internationally, due to increases in oil prices and food prices. In this paper we have attempted to investigate if the Kumara Swamy...
Persistent link: https://www.econbiz.de/10013137253