Can emerging markets be a source of global troubles again?
作者: Dabrowski, Marek
刊名: Russian Journal of Economics, 2019, Vol.5 (1), pp.67-87
来源数据库: Redaktsiya zhurnala Voprosy Ekonomiki
DOI: 10.32609/j.ruje.5.35506
关键词: Emerging marketsfinancial crisiscurrency crisiscrisis preventionspill-overcontagion
原始语种摘要: After two turbulent decades (1980s and 1990s) when emerging-market economies were frequent victims of financial crises, in the first two decades of the 21st century their macroeconomic performance improved. Nevertheless, there were three crisis episodes that hit some of these countries: (i) the spill-over effects of the global financial crisis in 2008–2009; (ii) the consequences of the decline in commodity prices in 2014–2016 for their exporters; (iii) the turbulence in Argentina and Turkey in 2018. Currency crises in Argentina and Turkey in 2018 underlined again the key role of prudent domestic policies. Early policy correction can help to prevent a crisis and avoid its economic, social and political costs. If crisis cannot be avoided, the comprehensive anti-crisis package, including...
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  • emerging 浮起
  • macroeconomic 宏观经济的
  • crisis 危机
  • global 球状的
  • crises 危机
  • expectations 期待的事物
  • market 市场
  • fiscal 财政的
  • monetary 金融
  • political 政治