The Cross-Country Incidence of the Global Crisis - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Cross-Country Incidence of the Global Crisis write by Mr.Gian Milesi-Ferretti. This book was released on 2010-07-01. The Cross-Country Incidence of the Global Crisis available in PDF, EPUB and Kindle. We examine whether the cross-country incidence and severity of the 2008-2009 global recession is systematically related to pre-crisis macroeconomic and financial factors. We find that the pre-crisis level of development, increases in the ratio of private credit to GDP, current account deficits, and openness to trade are helpful in understanding the intensity of the crisis. International risk sharing did little to shield domestic demand from the country-specific component of output declines, while those countries with large pre-crisis current account deficits saw domestic demand fall by much more than domestic output during the crisis.
This Time Is Different
This Time Is Different - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook This Time Is Different write by Carmen M. Reinhart. This book was released on 2011-08-07. This Time Is Different available in PDF, EPUB and Kindle. An empirical investigation of financial crises during the last 800 years.
Cross-country Causes and Consequences of the Crisis
Cross-country Causes and Consequences of the Crisis - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Cross-country Causes and Consequences of the Crisis write by Andrew K. Rose. This book was released on 2010. Cross-country Causes and Consequences of the Crisis available in PDF, EPUB and Kindle. We update Rose and Spiegel (2009a, b) and search for simple quantitative models of macroeconomic and financial indicators of the 'Great Recession' of 2008-09. We use a cross-country approach and examine a number of potential causes that have been found to be successful indicators of crisis intensity by other scholars. We check a number of different indicators of crisis intensity, and a variety of different country samples. While countries with higher income seemed to suffer worse crises, we find few clear reliable indicators in the pre-crisis data of the incidence of the Great Recession. Countries with current account surpluses seemed better insulated from slowdowns -- National Bureau of Economic Research web site.
Financial Crises Explanations, Types, and Implications
Financial Crises Explanations, Types, and Implications - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Financial Crises Explanations, Types, and Implications write by Mr.Stijn Claessens. This book was released on 2013-01-30. Financial Crises Explanations, Types, and Implications available in PDF, EPUB and Kindle. 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.
Global Waves of Debt
Global Waves of Debt - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Global Waves of Debt write by M. Ayhan Kose. This book was released on 2021-03-03. Global Waves of Debt available in PDF, EPUB and Kindle. 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.
