When assessing the political situation in many countries, it is common practice, and entirely reasonable, to consider who has what kind of personal connection to people in, or contending for, power.
Political connections in turbulent times
Daron Acemoglu, Simon Johnson, Amir Kermani, James Kwak, Todd Mitton, 25 February 2014
Turmoil in emerging markets: What’s missing from the story?
Kristin Forbes, 5 February 2014
Emerging markets are going through another period of volatility – and the most popular boogeyman is the US Federal Reserve.
Why fiscal sustainability matters
Willem Buiter, 10 January 2014
Does fiscal sustainability matter only when there is a fiscal house on fire, as was the case with the Greek sovereign insolvency in 2011–12? Far from it.
Topics: Financial markets, Global crisis, International finance, Macroeconomic policy
Tags: balance-sheet recession, banking, banking union, banks, capital flows, credit booms, Currency wars, emerging markets, eurozone, Eurozone crisis, financial crisis, fiscal policy, fiscal sustainability, global financial crisis, sovereign debt, sovereign debt restructuring
The next sudden stop
Sebnem Kalemli-Ozcan, 7 January 2014
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).
Tapering talk: The impact of expectations of reduced Federal Reserve security purchases on emerging markets
Barry Eichengreen, Poonam Gupta, 19 December 2013
In May 2013, Federal Reserve officials first began to talk of the possibility of the US central bank tapering its securities purchases from $85 billion a month to something lower. A milestone to which many observers point is 22 May 2013, when Chairman Bernanke raised the possibility of tapering in his testimony to Congress.
A new eBook: Understanding Banks in Emerging Markets
Thorsten Beck, Ralph De Haas, Steven Ongena, 6 November 2013
Banking is often modelled as a black box – especially banks in emerging markets where details of bank operations are less widely appreciated.
Offshoring and its effects on innovation in emerging economies
Ursula Fritsch, Holger Görg, 23 September 2013
Most empirical studies of the impact of outsourcing on firms look at industrialised countries. However, outsourcing is also common in emerging economies, and firms in middle-income countries split up their production processes similarly to firms in developed countries (see figures in Miroudot et al. (2009) on trade in intermediates).
Fundamentals and sovereign risk of emerging markets
Joshua Aizenman, Yothin Jinjarak, Donghyun Park, 14 July 2013
In striking contrast to advanced economies, which still remain mired in stagnation and uncertainty, emerging markets are once again growing at a healthy pace despite remaining exposed to growth deceleration due to the persistent weaknesses of advanced economies.
Understanding banks in emerging markets
5 - 6 September 2013, EBRD, London
The conference aims to bring together leading researchers to discuss recent developments in empirical banking research. Attention will be given in particular to: 1. The econometric analysis of increasingly rich micro-level data that are available ‘off-the-shelve’; 2. The econometric analysis of tailor-made data from large-scale surveys of banks and their clients; 3. The use of randomized controlled trials and framed field experiments with banks. Key-note speakers: Atif Mian and Antoinette Schoar. If you would like to submit a paper (full papers accepted only) please send an email to email@example.com. In the subject header please add “Submission CEPR-EBRD-EBC-RoF Conference” and nothing else. Authors will be notified about the acceptance of papers and the conference programme by 1 June 2013.
- Ralph De Haas; Thorsten Beck; Steven Ongena
- EBRD, London
- Open attendance
- European Bank for Reconstruction and Development (EBRD) and Tilburg University
- More information:
Disclaimer: Vox is not responsible for the accuracy of this information.
Graduation from monetary policy procyclicality
Carlos A. Vegh , Guillermo Vuletin, 22 August 2012
Start and stop, procyclical macroeconomic policies have been a chronic policy problem for emerging markets. Expansionary in good times and contractionary in bad times, booms become unmanageable credit expansions and ever-rising asset prices and busts turn into major recessions.
- 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
DellaVigna, Durante, Knight, La Ferrara
Ostry, Berg, Tsangarides
Allen, Eichengreen, Evans
Greenwood, Guner, Kocharakov, Santos
CEPR Policy Research
- The buyer margins of firms' exportsCarballo, Ottaviano, Volpe
- Commodity and Equity Markets: Some Stylized Facts from a Copula ApproachDelatte, Lopez
- Ethnic Unemployment Rates and Frictional MarketsGobillon, Rupert, Wasmer
- Finance and Poverty: Evidence from IndiaAyyagari, Beck, Hoseini
- The Manipulation of Basel Risk-WeightsMariathasan, Merrouche
- Making city lights shine brighterYusuf, Leipziger
- The euro in the 'currency war'Bénassy-Quéré, Martin
- The roots of shadow bankingPerotti
- What’s wrong with Europe?Baldini, Manasse
- How the EZ crisis is permanently changing EU institutionsMicossi
- 21st Century Challenges: The Mobile Middle Class13 - 13 March 2014 / Royal Geographical Society, 1 Kensington Gore, SW7 London / Royal Geographical Society (with IBG)
- The 13th Annual GEP Postgraduate Conference 20141 - 2 May 2014 / Nottingham / Sponsored by Nottingham Centre for Research on Globalisation and Economic Policy (GEP) University of Nottingham, United Kingdom
- Exchange Rates and External Adjustment2 - 3 June 2014 / Zurich / Swiss National Bank
- 13th Summer School in International Development Economics: Investment, Saving and Wellbeing in Developing Countries10 - 13 June 2014 / Palazzo Feltrinelli, Gargnano, Lake Garda (Italy) / Organisers: Centro Studi Luca d’Agliano, Centre for Economic Policy Research (CEPR), Paolo Baffi Center on International Markets, Money and Regulation, Department of Economics, Management and Quantitative Methods of the University of Milan, Department of Economics, Quantitative Methods and Business Strategies of the University of Milan Bicocca, Vilfredo Pareto Doctoral Program in Economics of the University of Turin, The Lombardy Advanced School of Economic Research (LASER).
- 3rd WB-BE Research Conference: Financing growth: Levers, Boosters and Brakes23 - 24 June 2014 / Banco de España headquarters in Madrid / This conference is sponsored by Banco de España and The World Bank