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Foreign currency debt is widely believed to increase risks of financial crisis, especially after being implicated as a cause of the East Asian crisis in the late 1990s. In this paper, we study the effects of foreign currency debt on currency and debt crises and its indirect effects on short-term...
Persistent link: https://www.econbiz.de/10003895003
role of institutions and macroeconomic fundamentals on countries' adjustment to shocks. Our empirical analysis shows that … the associations of growth level, growth volatility, shocks, institutions, and macroeconomic fundamentals have changed in …
Persistent link: https://www.econbiz.de/10012064688
role of institutions and macroeconomic fundamentals on countries' adjustment to shocks. Our empirical analysis shows that … the associations of growth level, growth volatility, shocks, institutions, and macroeconomic fundamentals have changed in …
Persistent link: https://www.econbiz.de/10011754881
We investigate the relationship between economic growth and lagged international capital flows, disaggregated into FDI, portfolio investment, equity investment, and shortterm debt. We follow about 100 countries during 1990-2010 when emerging markets became more integrated into the international...
Persistent link: https://www.econbiz.de/10009316233
role of institutions and macroeconomic fundamentals on countries' adjustment to shocks. Our empirical analysis shows that … the associations of growth level, growth volatility, shocks, institutions, and macroeconomic fundamentals have changed in …
Persistent link: https://www.econbiz.de/10012917821
Persistent link: https://www.econbiz.de/10012123569
Persistent link: https://www.econbiz.de/10009657694
Persistent link: https://www.econbiz.de/10009312658
. We find that greater de facto fiscal space prior to the global crisis and lower trade openness were associated with a … that higher trade openness was associated with a smaller fiscal stimulus and a higher depreciation rate during the crisis … stimulus ; trade openness …
Persistent link: https://www.econbiz.de/10009269999
. We find that greater de facto fiscal space prior to the global crisis and lower trade openness were associated with a … that higher trade openness was associated with a smaller fiscal stimulus and a higher depreciation rate during the crisis …
Persistent link: https://www.econbiz.de/10009272034