Showing 1 - 10 of 345
This paper introduces a new global database and a policy classification framework that records the financial sector policy response to the COVID-19 pandemic across 154 jurisdictions. It documents that authorities around the world have taken a diverse array of measures to mitigate financial...
Persistent link: https://www.econbiz.de/10012434630
countries helped to support a solid rebound in global output right after the 2009 Global Recession. However, global growth … international cooperation and coordination in support of strong and sustained global growth and financial system stability. Sound …
Persistent link: https://www.econbiz.de/10012257017
-08 global financial crisis. This paper examines this slow growth recovery through the analysis of how the Caribbean's growth … partners could be behind the sluggish post-crisis recovery. The paper analyzes the economic growth of Caribbean countries as a … function of the growth in key global partners and of country-specific characteristics. The findings attribute an important role …
Persistent link: https://www.econbiz.de/10012246492
This paper examines the poverty impacts of global merchandise trade reform by looking at a wide range of developing countries in Africa, Asia and Latin America. Overall, the authors find that trade reform tends to reduce poverty primarily through the inclusion of agricultural components. The...
Persistent link: https://www.econbiz.de/10012246926
To what extent does immigration affect the economic institutions in destination countries? While there is much evidence … that economic institutions in developed nations are either unaffected or improved after immigration, there is little … evidence of how immigration affects the economic institutions of developing countries that typically have weaker institutions …
Persistent link: https://www.econbiz.de/10012008388
This paper assesses the consequences of implementing a joint liability debt system in a two-country small open economy model. With joint liability a default of one country makes the other participant liable for its debt. The results highlight a trade-off between the contagion risk, in the sense...
Persistent link: https://www.econbiz.de/10012114435
Growth fluctuations exhibit substantial synchronization across countries, which has been viewed as reflecting a global … countries. This paper brings these two perspectives together by analyzing international growth fluctuations in a setting that … that the cross-country dependence of aggregate growth is the combined result of global shocks summarized by a latent common …
Persistent link: https://www.econbiz.de/10012008277
This paper uses the construction of India's Golden Quadrangle central highway network, together with comprehensive loan data from the Reserve Bank of India, to investigate the interaction between infrastructure development and financial sector depth. The paper identifies a disproportionate...
Persistent link: https://www.econbiz.de/10012051882
dynamics of the relationship between exchange rate flexibility and economic growth. The findings indicate that financial … development exerts a positive influence on the relationship between exchange rate flexibility and GDP growth as well as total … factor productivity growth. The paper also documents a positive impact of trade openness on the relationship between exchange …
Persistent link: https://www.econbiz.de/10011903166
effects of taxation are seen in the context of the trade-offs between growth, labor formality and equity. The analysis …
Persistent link: https://www.econbiz.de/10012113993