The volatility that has hit many middle-income countries (MICs) after liberalizing their financial markets has prompted critics to call for new policies to stabilize these boom-bust cycles. But, as A
One lens through which to view global economic interdependence and the spillover ofshocks is that of decoupling (and then recoupling). Decoupling between developed and developingcountries can be seen
After experiencing spectacular economic growth and industrial development for much ofthe postwar era, Japan plunged abruptly into recession in the early 1990s and since then hassuffered a prolonged pe
The foreign currency denomination of contracts in international transactions can lead to international currency exposure at the country level with important economic and policy implications. When debt
This book examines existing problems in the European economy, focusing on labor markets, macroeconomic issues, financial architecture and competition policy.
