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Kaminsky, Graciela L. - 2010

The latest boom in commodity prices fueled concerns about fiscal policies in commodity-exporting countries, with many claiming that it triggered loose fiscal policy and left no funds for a rainy day. This paper examines the links between fiscal policy and terms-of-trade fluctuations using a...

Persistent link: https://www.econbiz.de/10012462872

Endogenous labour market imperfection, foreign direct investment and external terms-of-trade shocks in a developing economy

Chaudhuri, Sarbajit; Biswas, Anindya Kumar - In: Economic modelling 59 (2016), pp. 416-424

Persistent link: https://www.econbiz.de/10011647889

Inflation in low-income countries

Ha, Jongrim; Ivanova, Anna; Montiel, Peter; Pedroni, … - 2019

This paper studies the effects of global and domestic inflation shocks on core price inflation in 105 countries between 1970 and 2016, by using a heterogeneous panel vector-autoregressive model. The methodology allows accounting for differences across groups of countries (advanced economies,...

Persistent link: https://www.econbiz.de/10012059222

Financial deepening, terms of trade shocks, and growth volatility in low-income countries

Kpodar, Kangni; Le Goff, Maëlan; Singh, Raju Jan - 2019

sector development acts as a shock-absorber in poor countries, dampening the transmission of terms of trade shocks to growth … volatility. Expanding the sample to 121 developing countries confirms this result, although this role of shock-absorber fades … away as economies grow richer. Stock market development, by contrast, appears neither to be a shock-absorber nor a shock …

Persistent link: https://www.econbiz.de/10012009977

Identifying terms of trade shocks in a developing country using a sign restrictions approach

Mangadi, Kagiso; Sheen, Jeffrey R. - In: Applied economics 49 (2017) 24, pp. 2298-2315

Persistent link: https://www.econbiz.de/10011817368

Optimal monetary policy in an open emerging market economy

Iyer, Tara - 2016

The majority of households across emerging market economies are excluded from the financial markets and cannot smooth consumption. I analyze the implications of this for optimal monetary policy and the corresponding choice of domestic versus external nominal anchor in a small open economy...

Persistent link: https://www.econbiz.de/10011487396

The Transmission of External Shocks in Asia : Country Characteristics and Policy Responses

Deb, Pragyan; Nadeem, Sanaa; Peiris, Shanaka - 2021

Asian economies are increasingly integrated to the global economy through trade and financial linkages, exposing them to the international financial cycle. This paper explores how external shocks are transmitted to Asian economies and whether the use of policies, such as the monetary policy...

Persistent link: https://www.econbiz.de/10013238139

Bank Balance Sheets and External Shocks in Asia : The Role of Fxi, Mpms and Cfms

Chen, Zefeng; Nadeem, Sanaa; Peiris, Shanaka - 2021

by banks and investment. For example, a capital outflow shock leads to a deprecation that reduces the net worth and … intermediation capacity of banks exposed to foreign currency liabilities. In such cases, the exchange rate acts as shock amplifier … exchange rate serves as a shock absorber, and any FXI that weakens that function can be costly. We also explore the …

Persistent link: https://www.econbiz.de/10013243072

Preemptive Policies and Risk-Off Shocks in Emerging Markets

Das, Mitali; Gopinath, Gita; Kalemli-Ozcan, Sebnem - 2022

the shock compared to countries which did not have such preemptive policies in place. We use the episodes of Taper Tantrum … effects where preemptive policies are ex-ante by construction and cannot be put in place as a response to the shock ex …

Persistent link: https://www.econbiz.de/10013295150

Robust assessment of external vulnerabilities in an emerging market during stress scenarios

Martínez Cruz, Diego Alejandro; Symington Alzate, … - 2024

Foreign portfolio flows constitute a key component of economic activity in small open economies such as Colombia. The dynamics of these flows are subject to the influence of both external (push) factors and domestic (pull) factors. Consequently, economic crises and episodes of financial distress...

Persistent link: https://www.econbiz.de/10014633706