The ominous facts are well known – the strongest predictors of financial crises are domestic credit booms and external debts (Reinhart and Rogoff 2011). In emerging markets, credit booms are generally preceded by large capital inflows (Reinhart and Reinhart 2010).
The next sudden stop
Sebnem Kalemli-Ozcan, 7 January 2014
Whither Turkish pre-accession?
Philipp Böhler, Can Selçuki, Jacques Pelkmans, 1 April 2012
This year marks the 15th year of Turkey’s application for EU membership.
Turkey’s resistance to trade liberalisation with the EU through temporary trade barriers
Baybars Karacaovali, 4 September 2011
Turkey, as a major emerging economy, started to use antidumping policies in 1989 and has since been one of its more active users (Bown 2010). Beginning in 2005, Turkey also adopted global safeguard measures, and this policy quickly became a significant temporary trade barrier (TTB) complementary to antidumping.
Demographic pressure versus labour market space: A global view
Marga Peeters, Loek Groot, 2 August 2011
Economists tend to study the problem of ageing in the developed countries in terms of rising old-age dependency ratios, which express the increasing higher number of pensioners for every working-age person. We can also apply the same reasoning to the young, where rising young-age dependency ratios in developing countries by definition implies more youngsters for every person of working age.
Emerging partners create policy space for Africa
Helmut Reisen, Jean-Philippe Stijns, 12 July 2011
Western politicians have watched the increased presence of emerging countries in Africa with much suspicion. Insinuations run from emerging countries – above all China – bringing down governance standards in Africa to them re-indebting, de-industrialising, and cornering African countries into the production of commodities while only enriching the elites.
Globalisation’s impact on inflation in the European Union
Raphael Auer, Andreas Fischer, 5 December 2010
It is anyone’s guess where EU inflation is headed once the effects of the financial and sovereign debt crises settle. What is certain, however, is that the inflationary process after the crises will be shaped by the same long-term structural developments that helped create the low-inflation environment in the years leading up to 2007.
- Internationalisation, innovation, and productivity of firmsAltomonte, Aquilante, Békés, Ottaviano
- Predicting economic turning pointsAhir, Loungani
- How rich nations benefit from EU membershipCampos, Coricelli, Moretti
- The chartbook of economic inequalityAtkinson, Morelli
- The ECB should do QE via forex interventionFrankel
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- The ECB’s stealth bailoutSinn
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
Claessens, 18 April 2014
Campos, Coricelli, Moretti
Ostry, Berg, Tsangarides