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Kose, M. Ayhan - 2020

The world economy has experienced four global recessions over the past seven decades: in 1975, 1982, 1991, and 2009 … internationally, with severe economic and financial disruptions in many countries around the world. The 2009 global recession, set off …

Persistent link: https://www.econbiz.de/10012840241

The Great Recession and the Future of Cities

Dethier, Jean-Jacques - 2017

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/10012974855

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

Nguyen, Ha - 2017

This paper explores the spillover effects of job losses via input linkages during the Great Recession. Exploiting exogenous variation in tradable employment shocks across U.S. counties, the paper finds that job losses in the tradable sectors cause further job losses in local supporting services....

Persistent link: https://www.econbiz.de/10012970228

Demand-Driven Propagation : Evidence from the Great Recession

Nguyen, Ha - 2017

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/10012970760

The Impact of the Global Financial Crisis on Firms'Capital Structure

Demirgüç-Kunt, Asli - 2017

Using a data set covering about 277,000 firms across 79 countries over the period 2004-11, this paper examines the evolution of firms' capital structure during the global financial crisis and its aftermath in 2010-11. The study finds that firm leverage and debt maturity declined in advanced...

Persistent link: https://www.econbiz.de/10012970413

The Social Impact of Financial Crises : Evidence from the Global Financial Crisis

Otker-Robe, Inci - 2017

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/10012973780

How Resilient and Countercyclical Were Emerging Economies to the Global Financial Crisis?

Didier, Tatiana - 2017

During the crises of the 1990s, emerging economies usually lacked the policy tools to deal with external shocks that were available to advanced economies. Worldwide turbulent episodes found most emerging economies unable to perform countercyclical policies and, in many cases, their own...

Persistent link: https://www.econbiz.de/10012976041