How resilient and countercyclical were emerging economies to the global financial crisis? (English)

During the crises of the 1990s, emerging economies usually lacked the policy tools to deal with external shocks that were available to advanced economies. Worldwide turbulent episodes found most emerging economies unable to perform countercyclical policies and, in many cases, their own vulnerabilities and poor institutional frameworks amplified negative external shocks leading to sharper recessions. This paper shows that the 2008-2009 global financial...

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Author

Didier Brandao,Tatiana;

Hevia,Constantino;

Schmukler,Sergio L.;
Document Date
2012/12/01
Document Type
Journal Article
Report Number
83337
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2015/01/12
Disclosure Status
Disclosed
Doc Name
How resilient and countercyclical were emerging economies to the global financial crisis?
Keywords
emerging economy

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Didier Brandao,Tatiana; Hevia,Constantino; Schmukler,Sergio L..

How resilient and countercyclical were emerging economies to the global financial crisis? (English). Author accepted manuscript Washington, DC ; World Bank Group. http://documents.worldbank.org/curated/en/788751528466543417

How resilient and countercyclical were emerging economies to the global financial crisis? (English)

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