While much research has been done on causes and effects of banking crises, little is know about what determines recovery from banking crises, despite of large variations in post-crises performances across countries. In order to identify factors that determine the length of recovery (e.g. the...

Russian Abstract: Анализ долговой устойчивости в рамках базового сценария свидетельствует о том, что динамика внешнего и государственного долга в перспективе...

The English version of this paper can be found at http://ssrn.com/abstract=4030640.Russian Abstract: Кризис 2020-го года продемонстрировал высокую чувствительность развивающихся стран на всех континентах к...

The baseline scenario suggests that the dynamics of external and public debt would remain sustainable. External debt, which includes both private external debt and public external debt, is expected to decline from 83.8% of GDP in 2018 to 76.5% of GDP in 2024. The total public debt (includes...

In the wake of the COVID-19 pandemic, several countries enacted tax and social protection measures to help mitigate the economic hardship faced by individuals and households. This experience underscores the need to better understand the impact of such programmes on incomes and poverty during...

The financial crisis that hit Europe in 2008 affected many spheres of the EU members' economies. It had drastic effects on the countries' economic activity, consumer spending, banking system liquidity, as well as negative impacts on interest rates and budget balances of the EU member states....

The development policy in Indonesia to implement the human development paradigm should be able to put people as actors and regional economic development as a vehicle for the public welfare. However, the government's policy as outlined in the budget form precisely the opposite direction to a...

The 'miracle' of East Asia and economic growth was brought to a standstill when the Asian financial crisis hit in 1997, unleashing a range of economic, political and social consequences across the region and exposing this transformation as fragile and unstable. This working paper examine the...

A series of economic and transformational crises in Latin America during the 1990s and the early 2000s pushed many households into poverty. In this paper we look at the two most significant of those crises that took place in Mexico and Argentina and explore the policy measures that were put in...

Although the EU has financial rules stipulated in the Maastricht Criteria, the 2008 global financial crisis had a negative impact on the financial performance of EU countries with reference to fiscal rules. Some EU member countries have slacked their fiscal policies, had budget deficit and...