Managing economic volatility and crises : a practitioner's guide. [elektronicky zdroj]
| Další autoři: |
Aizenman, Joshua, editor
Pinto, Brian, editor
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|---|---|
| Jazyk: | angličtina |
| Informace o vydání: | Cambridge : Cambridge University Press, 2005. |
| Předmět: | |
| Druh dokumentu: | Online; Non-fiction; Electronic document |
| Abstrakt: | Summary: Economic volatility has come into its own after being treated for decades as a secondary phenomenon in the business cycle literature. This evolution has been driven by the recognition that non-linearities, long buried by the economist's penchant for linearity, magnify the negative effects of volatility on long-run growth and inequality, especially in poor countries. This collection organizes empirical and policy results for economists and development policy practitioners into four parts: basic features, including the impact of volatility on growth and poverty; commodity price volatility; the financial sector's dual role as an absorber and amplifier of shocks; and the management and prevention of macroeconomic crises. The latter section includes a cross-country study, case studies on Argentina and Russia, and lessons from the debt default episodes of the 1980s and 1990s. |
| Databáze: | Vybrané kolekce e-knih |
| Externí odkaz: |
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