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It is interesting to note that after two years of recession in East Asia, almost all the countries in this region are rising again. In the wake of that sudden onslaught on the economies of East Asia, many new questions have come to the fore (and are waiting for the right answers), such as: How...
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) rollover defaults. For the quantitative evaluation of the model, we focus on Mexico and carefully discuss the successes and …
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Mexico is reinventing itself. It is moving toward a more tolerant, global, market oriented, and democratic society …. This new edition of ""Changing Structure of Mexico"" is a comprehensive and up-to-date presentation of Mexico's political … and informative introductory reader on Mexico. The book covers such topics as Mexico's foreign economic policy and NAFTA …
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This book celebrates the life and work of Palle Schelde Andersen, a Danish economist who was for over two decades the main macroeconomist of the Bank for International Settlements (BIS). The book contains the papers and proceedings of a conference that was held at the BIS in Mr Andersen's honour...
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This paper gives an overview on the use of macroprudential policy measures (MPMs) and capital flow management measures (CFMs) by emerging economies, and reviews literature on the effectiveness of these measures in containing the effects of large and volatile capital flows. The main findings of...
Persistent link: https://www.econbiz.de/10012806124
We provide a critical review of the literature on early warning indicators of economics crises and propose methods to overcome several pitfalls of the previous contributions. We use a quarterly panel of 40 EU and OECD countries for the period 1970-2010. As the response variable, we construct a...
Persistent link: https://www.econbiz.de/10009376938
This paper reviews the performance of the euro area since the euro's launch 20 years ago. It argues that the euro crisis has exposed existential flaws in the euro regime. Intra-area divergences and the corresponding buildup of imbalances had remained unchecked prior to the crisis. As those...
Persistent link: https://www.econbiz.de/10011894027