A Decade after the Global Recession
Title | A Decade after the Global Recession PDF eBook |
Author | M. Ayhan Kose |
Publisher | World Bank Publications |
Pages | 475 |
Release | 2021-03-19 |
Genre | 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.
Managing Public Debt and Its Financial Stability Implications
Title | Managing Public Debt and Its Financial Stability Implications PDF eBook |
Author | Mr.Udaibir S. Das |
Publisher | International Monetary Fund |
Pages | 29 |
Release | 2010-12-01 |
Genre | Business & Economics |
ISBN | 1455210870 |
This paper explores the relationship between the level and management of public debt and financial stability, and explains the channels through which the two are interlinked. It suggests that the broader implications of a debt management strategy and its implementation should be carefully analyzed by debt managers and policy makers in terms of their impact on the government's balance sheet, macroeconomic developments, and the financial system.
The Financial Crisis and Developing Countries
Title | The Financial Crisis and Developing Countries PDF eBook |
Author | Peter A. G. van Bergeijk |
Publisher | Edward Elgar Publishing |
Pages | 328 |
Release | 2011 |
Genre | Business & Economics |
ISBN | 9781781002278 |
The Financial Crisis and Developing Countries discusses and analyses regional and country specific impacts of the financial crisis in emerging markets and developing countries, covering all continents. Using heterodox and mainstream methodologies, the boo
Global Waves of Debt
Title | Global Waves of Debt PDF eBook |
Author | M. Ayhan Kose |
Publisher | World Bank Publications |
Pages | 403 |
Release | 2021-03-03 |
Genre | 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.
The Great Recession and Developing Countries
Title | The Great Recession and Developing Countries PDF eBook |
Author | Mustapha K. Nabli |
Publisher | World Bank Publications |
Pages | 666 |
Release | 2010-12-03 |
Genre | Business & Economics |
ISBN | 0821385143 |
The book provides one of the most detailed and comprehensive reviews of the growth experience of a group of low and middle income countries before and during the global crisis. It then explores their growth prospects after the recovery and how they may be shaped by the new global economic environment.
The Global Financial Crisis - Explaining Cross-Country Differences in the Output Impact
Title | The Global Financial Crisis - Explaining Cross-Country Differences in the Output Impact PDF eBook |
Author | Pelin Berkmen |
Publisher | International Monetary Fund |
Pages | 21 |
Release | 2009-12-01 |
Genre | Business & Economics |
ISBN | 1451874251 |
We provide one of the first attempts at explaining the differences in the crisis impact across developing countries and emerging markets. Using cross-country regressions to explain the factors driving growth forecast revisions after the eruption of the global crisis, we find that a small set of variables explain a large share of the variation in growth revisions. Countries with more leveraged domestic financial systems and more rapid credit growth tended to suffer larger downward revisions to their growth outlooks. For emerging markets, this financial channel trumps the trade channel. For a broader set of developing countries, however, the trade channel seems to have mattered, with countries exporting more advanced manufacturing goods more affected than those exporting food. Exchange-rate flexibility clearly helped in buffering the impact of the shock. There is also some -weaker-evidence that countries with a stronger fiscal position prior to the crisis were hit less severely. We find little evidence for the importance of other policy variables.
The Financial Crisis and Developing Countries
Title | The Financial Crisis and Developing Countries PDF eBook |
Author | Peter A. G. van Bergeijk |
Publisher | Edward Elgar Publishing |
Pages | 0 |
Release | 2011 |
Genre | Developing countries |
ISBN | 9781849804950 |
The Financial Crisis and Developing Countries discusses and analyses regional and country specific impacts of the financial crisis in emerging markets and developing countries, covering all continents. Using heterodox and mainstream methodologies, the book develops a multidisciplinary perspective on the crisis phenomenon as it examines how the crisis changes concepts of development, critically discusses the mainstream approach, analyses (global) governance issues (including the G20) and shows the actual impact for the poor and crisis vulnerable.