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Unprecedented monetary policy accommodation in advanced economies and a large, coordinated fiscal stimulus by G20 countries helped to support a solid rebound in global output right after the 2009 Global Recession. However, global growth subsequently slowed to a sluggish pace by pre-recession...
Persistent link: https://www.econbiz.de/10012257017
portfolio investment and cross - border bank lending-fared less well, especially those in Europe and Central Asia. A key lesson …
Persistent link: https://www.econbiz.de/10012257019
innovation to developing countries. The second path is to invest more, and more effectively in people; the premium on human …
Persistent link: https://www.econbiz.de/10012645823
The focus of the paper is on five key financial stability issues in Emerging market and developing economies (EMDEs), which have been selected on the basis of their degree of materiality for a reasonably broad range of EMDEs; their implications for regulatory, supervisory or other financial...
Persistent link: https://www.econbiz.de/10012247833
Although emerging market and developing economies (EMDEs) weathered the global recession a decade ago relatively well, they now appear less well placed to cope with the substantial downside risks facing the global economy. In many EMDEs, the room for monetary and fiscal policies to respond to...
Persistent link: https://www.econbiz.de/10012229095
This year marks the tenth anniversary of the 2009 global recession. Most emerging market and developing economies weathered the global recession relatively well. However, following a short-lived initial rebound in activity in 2010, the global economy and, especially, emerging market and...
Persistent link: https://www.econbiz.de/10012646707
Theory suggests that the effect of banking market concentration on financial stability is mediated by several competing …
Persistent link: https://www.econbiz.de/10011947478
Governments play a very important role in supporting innovation, managing the disruptive effects of innovation, and … ensuring that the benefits of innovation are broadly shared in the long run. This paper reviews the literature on market … mechanisms that translate innovation into jobs and policies that are needed to improve outcomes. Although many countries now …
Persistent link: https://www.econbiz.de/10011850534
Episodes of debt accumulation have been a recurrent feature of the global economy over the past fifty years. Since 2010, emerging and developing economies have experienced another wave of historically large and rapid debt accumulation. Similar past debt buildups have often ended in widespread...
Persistent link: https://www.econbiz.de/10012230790
Emerging market and developing economies have experienced recurrent episodes of rapid debt accumulation over the past fifty years. This paper examines the consequences of debt accumulation using a three-pronged approach: an event study of debt accumulation episodes in 100 emerging market and...
Persistent link: https://www.econbiz.de/10012228314