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, culture choice and the New World Order -- 3. Growth without democracy: Has China’s time of rapid growth come to an end? -- 4 … banks in the post-Covid world -- 7. How the flows change when interest rates are normalized: Risks to economic and financial …This book explores the central economic and political issues defining the modern world. With contributions from a …
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We study the role and the interaction of the quality of institutions and of counter-cyclical policies in leaning against the Global Financial Cycle (GFC) in Emerging Economies (EMEs). We show that heteroegeneity in institutional strength is a key determinant of the different effects of the GFC...
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