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Monitoring Financial Stability in Developing and Emerging Economies

Dijkman, Miquel - 2015

In the aftermath of the global financial crisis, interest in systemic risk has surged among academics and policy makers. The mitigation of systemic risk is now widely accepted as the fundamental underlying concept for the design of the post-crisis regulatory agenda. Effective mitigation requires...

Persistent link: https://www.econbiz.de/10012564546

Does Inflation Targeting Matter for Output Growth? Evidence from Industrial and Emerging Economies

Mollick, Andr?? Varella; Torres, Ren?? Cabral; … - 2012

This paper examines the effects of inflation targeting on industrial and emerging economies' output growth over the "globalization years" of 1986-2004. Controlling for trade openness and two indicators of financial globalization, the authors find systematic positive and significant effects of...

Persistent link: https://www.econbiz.de/10012552225

Growth Implosions, Debt Explosions, and My Aunt Marilyn : Do Growth Slowdowns Cause Public Debt Crises?

Easterly, William - 2013

The worldwide slowdown in growth after 1975 was a major negative fiscal shock. Slower growth lowers the present value of tax revenues and primary surpluses and thus makes a given level of debt more burdensome. Most countries failed to adjust to the negative fiscal consequences of the growth...

Persistent link: https://www.econbiz.de/10012559509

Equilibrium Credit : The Reference Point for Macroprudential Supervisors

Buncic, Daniel; Melecký, Martin - 2013

Equilibrium credit is an important concept because it helps identify excessive credit provision. This paper proposes a two-stage approach to determine equilibrium credit. It uses two stages to study changes in the demand for credit due to varying levels of economic, financial and institutional...

Persistent link: https://www.econbiz.de/10012558094

Assessing Job Flows across Countries : The Role of Industry, Firm Size, and Regulations

Haltiwanger, John C.; Scarpetta, Stefano; Schweiger, Helena - 2012

This paper reviews the process of job creation and destruction across a sample of 16 industrial and emerging economies over the past decade. It exploits a harmonized firm-level data set drawn from business registers and enterprise census data. The paper assesses the importance of technological...

Persistent link: https://www.econbiz.de/10012553890

What Determines Entrepreneurial Outcomes in Emerging Markets? : The Role of Initial Conditions

Ayyagari, Meghana; Demirguc-Kunt, Asli; Maksimovic, Vojislav - 2015

Is it the institutions or firm characteristics at birth that shape startups and their early growth in developing … conditions at entry, institutions do not have much explanatory power in determining growth. The comparative growth rates of large … and small start-ups are not significantly different across states with different local institutions or industries with …

Persistent link: https://www.econbiz.de/10012571871

Corporate Governance, Investor Protection, and Performance in Emerging Markets

Klapper, Leora; Love, Inessa - 2013

, and provide a study of firm-level corporate governance practices across emerging markets, and a greater understanding of … the environments under which corporate governance matters more. Their empirical tests show that better corporate … governance is highly correlated with better operating performance, and market valuation. More important, the authors provide …

Persistent link: https://www.econbiz.de/10012559579

Has the Internet Increased Trade? Evidence from Industrial and Developing Countries

Clarke, George R. G.; Wallsten, Scott J. - 2013

If the Internet made it easier for firms to enter new markets by reducing communication and search costs, then it may also have made it easier to export goods and services. The authors find that higher Internet penetration in developing countries is correlated with greater exports to industrial...

Persistent link: https://www.econbiz.de/10012559659

Economic Upgrading through Global Value Chain Participation : Which Policies Increase the Value Added Gains?

Kummritz, Victor; Taglioni, Daria; Winkler, Deborah - 2017

The emergence of global value chains has opened up new ways to achieve development and industrialization. However, new evidence shows that not all countries have gained from participating in global value chains, and that country-specific characteristics matter for economic upgrading in global...

Persistent link: https://www.econbiz.de/10012570443

Economic Implications of Moving Toward Global Convergence on Emission Intensities

Timilsina, Govinda R. - 2012

One key contentious issue in climate change negotiations is the huge difference in carbon dioxide (CO2) emissions per capita between more advanced industrialized countries and other nations. This paper analyzes the costs of reducing this gap. Simulations using a global computable general...

Persistent link: https://www.econbiz.de/10012557000