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The Great Recession and the Future of Cities
Dethier, Jean-Jacques; Morrill, Curtis - 2012
This paper describes the serious fiscal crisis faced by cities around the world following the Great Recession of 2008 …. Section 1 summarizes how the crisis was triggered and how it unfolded in the US, then spread to the rest of world … and expenditure, and the stimulus programs and recovery plans devised as a short term response by cities around the world …
Persistent link: https://www.econbiz.de/10012572472
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Crises, Capital Controls, and Financial Integration
Levy Yeyati, Eduardo; Schmukler, Sergio L.; Horen, … - 2012
This paper analyzes the effects of capital controls and crises on international financial integration, using data on stocks from emerging economies that trade in domestic and international markets. The cross-market premium (the ratio between the domestic and international market price of...
Persistent link: https://www.econbiz.de/10012552205
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A Decade after the 2009 Global Recession : Macroeconomic and Financial Sector Policies
Koh, Wee Chian; Yu, Shu - 2020
Unprecedented monetary policy accommodation in advanced economies and a large, coordinated fiscal stimulus by G20 countries helped to support a solid rebound in global output right after the 2009 Global Recession. However, global growth subsequently slowed to a sluggish pace by pre-recession...
Persistent link: https://www.econbiz.de/10012568123
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The Social Impact of Financial Crises : Evidence from the Global Financial Crisis
Otker-Robe, Inci; Podpiera, Anca Maria - 2014
economic effects. The financial crisis that hit the world economy in 2008-2009 has transformed the lives of many individuals … financial system continue around the world, the challenge for policy makers is to incorporate the lessons from the failures to …
Persistent link: https://www.econbiz.de/10012560810
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Fear of Appreciation
Levy Yeyati, Eduardo; Sturzenegger, Federico - 2012
In recent years the term "fear of floating" has been used to describe exchange rate regimes that, while officially flexible, in practice intervene heavily to avoid sudden or large depreciations. However, the data reveals that in most cases (and increasingly so in the 2000s) intervention has been...
Persistent link: https://www.econbiz.de/10012552835
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The Anatomy of a Multiple Crisis : Why Was Argentina Special and What Can We Learn from It?
Perry, Guillermo; Servén, Luis - 2003
The Argentine crisis has been variously blamed on fiscal imbalances, real overvaluation, and self-fulfilling investor pessimism triggering a capital flow reversal. The authors provide an encompassing assessment of the role of these and other ingredients in the recent macroeconomic collapse. They...
Persistent link: https://www.econbiz.de/10012573342
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Financial Globalization : Unequal Blessings
Torre, Augusto de la; Levy Yeyati, Eduardo; Schmukler, … - 2002
, flexible exchange rate regime, and sound contractual and regulatory environment) can integrate successfully into the world …
Persistent link: https://www.econbiz.de/10012573233
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Financial Policies and the Prevention of Financial Crises in Emerging Market Economies
Mishkin, Frederic S. - 2001
The author defines a financial crisis as a disruption in financial markets in which adverse selection and moral hazard problems become much worse, so that financial markets are unable to efficiently channel funds to those who have the most productive investment opportunities. As financial...
Persistent link: https://www.econbiz.de/10012573056
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Does the Exchange Rate Regime Affect Macroeconomic Performance : Evidence from Transition Economics
Domac, Ilker; Peters, Kyle; Yuzefovich, Yevgeny - 2001
To examine whether a country's exchange rate regime has any impact on inflation and growth performance in transition economies, the authors develop an empirical framework that addresses some of the main problems plaguing empirical work in this strand of the literature: the Lucas critique, the...
Persistent link: https://www.econbiz.de/10012573017
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Household Coping and Response to Government Stimulus in an Economic Crisis : Evidence from Thailand
Haughton, Jonathan; Jitsuchon, Somchai; Khandker, … - 2012
The crash of global financial markets in 2008 caused a ripple effect on economic demand and growth worldwide. Export-oriented economies were hit particularly hard, and many governments stepped in quickly with broad-ranging stimulus programs to lessen the effects on households of rising...
Persistent link: https://www.econbiz.de/10012572465