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Emerging market economies were major beneficiaries of the economic boom before 2007. More recently, they have become victims of the global financial crisis. Their future development depends, to a large extent, on global economic prospects. Today the global economy and the European economy are...
Persistent link: https://www.econbiz.de/10011430853
It is commonplace to link neoclassical economics to 18th- or 19th-century physics and its notion of equilibrium, of a pendulum once disturbed eventually coming to rest. Likewise, an economy subjected to an exogenous shock seeks equilibrium through the stabilizing market forces unleashed by the...
Persistent link: https://www.econbiz.de/10010286507
This paper investigates the spread of what started as a crisis at the core of the global financial system to emerging economies. While emerging economies had exhibited some resilience through the early stages of the financial turmoil that began in the summer of 2007, they have been hit hard...
Persistent link: https://www.econbiz.de/10010281707
This paper investigates the spread of what started as a crisis at the core of the global financial system to emerging economies. While emerging economies had exhibited some resilience through the early stages of the financial turmoil that began in the summer of 2007, they have been hit hard...
Persistent link: https://www.econbiz.de/10014363101
While the traditional approach to the adjustment of international imbalances assumes industrialized countries at a similar level of development and with similar production structures, such imbalances have historically been the result of a process of catching up by late-industrializing developing...
Persistent link: https://www.econbiz.de/10010266490
the combination of economic policies adopted by the two key economies, the US and China. Global financial markets served … economic policies followed by emerging markets such as China and the oil-exporting countries contributed to the US ability to …
Persistent link: https://www.econbiz.de/10010271353
Alarmed by the persistent and large US trade deficit vis-à-vis China and the rapidly swelling Chinese foreign exchange … of the present international economy and of China's financial system. Indeed, the record growth of China's exports to the … US stems largely from joint ventures and affiliates of multinational enterprises; exports attributed to China usually …
Persistent link: https://www.econbiz.de/10011790336
competitive devaluations. The sheer size of China, and its lower sterilization costs suggests that China may be the winner of a … external instability, which is magnified by exposure of the banking system to non performing loans. Testing the self insurance … and precautionary motives in the context of China may be challenged by a version of the peso problem; Hoarding …
Persistent link: https://www.econbiz.de/10010285334
The COVID-19 situation has accelerated the adoption of e-commerce across the world. While, globally, there has been an increase in the share of e-commerce in total retail sales, there are variations in e-commerce adoption across countries and the difference is obtrusive when one compares...
Persistent link: https://www.econbiz.de/10014303069
지난 세기 동안 제국주의와 금융주의의 결합은 마르크스주의 이론과 실천에서 중심축이었다. 수많은 마르크스주의자가 이 결합이 전 세계를 병폐에 빠뜨린 원인이라 생각했다. 하지만 시간이 지남에 따라 그들이 이 결합에...
Persistent link: https://www.econbiz.de/10014429237