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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

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

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

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

The Great Recession and Job Loss Spillovers : Impact of Tradable Employment Shocks on Supporting Services

Agarwal, Divya; Nguyen, Ha; Rezaei, Shawheen - 2016

This paper explores the spillover effects of job losses via input-output linkages during the Great Recession. Exploiting exogenous variation in tradable employment shocks across U.S. counties, the paper finds that job losses in a county’s tradable sectors cause further job losses in the...

Persistent link: https://www.econbiz.de/10012571335

External Finance and Firm Survival in the Aftermath of the Crisis : Evidence from Eastern Europe and Central Asia

Clarke, George R. G.; Cull, Robert J.; Kisunko, Gregory - 2012

Two data sets are used to study how country and firm characteristics affected firms' financial constraints and their likelihood of survival during the early phase of the recent global financial crisis in Eastern Europe and Central Asia, a region that was especially hard hit. The first data...

Persistent link: https://www.econbiz.de/10012552155

Socioeconomic Impact of the Crisis in North Mali on Displaced People

Etang Ndip, Alvin; Hoogeveen, Johannes; Lendorfer, Julia - 2015

This paper analyzes the impact of the 2012 crisis in Mali on internally displaced people, refugees and returnees. It uses information from a face-to-face household survey as well as follow-up interviews with its respondents via mobile phones. This combination was found to present a good and...

Persistent link: https://www.econbiz.de/10012564551

Demand-Driven Propagation : Evidence from the Great Recession

Nguyen, Hu - 2015

This paper provides empirical evidence for the Keynesian demand-driven propagation: initial rounds of job losses lead to additional rounds of job losses. The paper shows that U.S. counties with higher pre-existing exposure to tradable industries experienced larger job losses in non-tradable...

Persistent link: https://www.econbiz.de/10012571536

Lasting Local Impacts of an Economywide Crisis

Ravallion, Martin; Lokshin, Michael - 2012

The immediate welfare costs of an economywide crisis can be high, but are there also lasting impacts? And are they greater in some geographic areas than others? The authors study Indonesia s severe financial crisis of 1998. They use 10 national surveys spanning 1993 2002, each covering 200,000...

Persistent link: https://www.econbiz.de/10012553964

Governance Matters II : Updated Indicators for 2000-01

Kaufmann, Daniel; Kraay, Aart; Zoido, Pablo - 2013

The authors construct aggregate governance indicators for six dimensions of governance, covering 175 countries in 2000-01. They apply the methodology developed in Kaufmann, Kraay, and Zoido-Lobaton ("Aggregating Governance Indicators", Policy Research Working Paper 2195, and "Governance...

Persistent link: https://www.econbiz.de/10012559532