Author : Pritha Mitra
Publisher : Ann Arbor, Mich. : University Microfilms International
Page : 164 pages
File Size : 15,1 MB
Release : 2005
Category : Developing countries
ISBN :
Author : M. Ayhan Kose
Publisher : World Bank Publications
Page : 403 pages
File Size : 50,33 MB
Release : 2021-03-03
Category : Business & Economics
ISBN : 1464815453
The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.
Author : M. Ayhan Kose
Publisher : World Bank Publications
Page : 475 pages
File Size : 25,96 MB
Release : 2021-03-19
Category : Business & Economics
ISBN : 1464815283
This year marks the tenth anniversary of the 2009 global recession. Most emerging market and developing economies weathered the global recession relatively well, in part by using the sizable fiscal and monetary policy ammunition accumulated during prior years of strong growth. However, their growth prospects have weakened since then, and many now have less policy space. This study provides the first comprehensive stocktaking of the past decade from the perspective of emerging market and developing economies. Many of these economies have now become more vulnerable to economic shocks. The study discusses lessons from the global recession and policy options for these economies to strengthen growth and prepare for the possibility of another global downturn.
Author : Mr.Stijn Claessens
Publisher : International Monetary Fund
Page : 66 pages
File Size : 11,33 MB
Release : 2013-01-30
Category : Business & Economics
ISBN : 1475561008
This paper reviews the literature on financial crises focusing on three specific aspects. First, what are the main factors explaining financial crises? Since many theories on the sources of financial crises highlight the importance of sharp fluctuations in asset and credit markets, the paper briefly reviews theoretical and empirical studies on developments in these markets around financial crises. Second, what are the major types of financial crises? The paper focuses on the main theoretical and empirical explanations of four types of financial crises—currency crises, sudden stops, debt crises, and banking crises—and presents a survey of the literature that attempts to identify these episodes. Third, what are the real and financial sector implications of crises? The paper briefly reviews the short- and medium-run implications of crises for the real economy and financial sector. It concludes with a summary of the main lessons from the literature and future research directions.
Author :
Publisher :
Page : 640 pages
File Size : 10,52 MB
Release : 2009
Category : Dissertations, Academic
ISBN :
Author : Mr.Stijn Claessens
Publisher : International Monetary Fund
Page : 754 pages
File Size : 38,81 MB
Release : 2014-02-19
Category : Business & Economics
ISBN : 1484355261
The lingering effects of the economic crisis are still visible—this shows a clear need to improve our understanding of financial crises. This book surveys a wide range of crises, including banking, balance of payments, and sovereign debt crises. It begins with an overview of the various types of crises and introduces a comprehensive database of crises. Broad lessons on crisis prevention and management, as well as the short-term economic effects of crises, recessions, and recoveries, are discussed.
Author : Camilo E. Tovar
Publisher :
Page : 304 pages
File Size : 50,30 MB
Release : 2004
Category :
ISBN :
Author : Olivier Cattaneo
Publisher : World Bank Publications
Page : 420 pages
File Size : 43,54 MB
Release : 2010
Category : Business & Economics
ISBN : 0821384996
The book looks to address the following questions in a post-crisis world: How have lead firms responded to the crisis? Have they changed their traditional supply chain strategy and relocated and/or outsourced part of their production? How will those changes affect developing countries? What should be the policy responses to these changes?
Author :
Publisher :
Page : 304 pages
File Size : 46,20 MB
Release : 2005-12
Category : Economics
ISBN :
Author : Mr. Philip Barrett
Publisher : International Monetary Fund
Page : 23 pages
File Size : 13,54 MB
Release : 2021-07-30
Category : Business & Economics
ISBN : 1513587900
The COVID-19 pandemic has led to a severe global recession with differential impacts within and across countries. This paper examines the possible persistent effects (scarring) of the pandemic on the economy and the channels through which they may occur. History suggests that deep recessions often leave long-lived scars, particularly to productivity. Importantly, financial instabilities—typically associated with worse scarring—have been largely avoided in the current crisis so far. While medium-term output losses are anticipated to be lower than after the global financial crisis, they are still expected to be substantial. The degree of expected scarring varies across countries, depending on the structure of economies and the size of the policy response. Emerging market and developing economies are expected to suffer more scarring than advanced economies.
