Economic

WP/10/237 The Impact of the Great recessional on ascending(prenominal) Markets Ricardo Llaudes, Ferhan Salman, and Mali Chivakul © 2010 International Monetary Fund WP/10/237 IMF on the job(p) subject Strategy, constitution and Review Department The Impact of the Great Recession on uphill Markets Prep ared by Ricardo Llaudes, Ferhan Salman, and Mali Chivakul Authorized for diffusion by Lorenzo Giorgianni October 2010 Abstract This Working stem should not be report as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in construct by the author(s) and are published to elicit comments and to further debate. This opus examines the electric shock of the recent global crisis on uphill market economies (EMs). Our cross country analysis shows that the impact of the crisis was to a greater extent pronounced in those EM s that had sign weaker fundamentals and greater monetary and trade linkages. This effect is detect along a occur of dimensions, such as offset, pipeline market performance, sovereign spreads, and computer address growth. This paper also shows that during this crisis, pre-crisis replacement holdings helped to mitigate the initial growth collapse.

This finding contrasts with other studies that omit to find a square relationship between militia and the growth decline. This paper argues that our favored measure of impact is a more accurate consideration of the true impact of the crisis on EMs. JEL Classification Numbers: F01, G01, F15, F42 Keywords: Emerging markets, global cris is, vulnerabilities, reserves, linkages Auth! ors E-Mail Address: rllaudes@imf.org, fsalman@imf.org, mchivakul@imf.org 2 Contents Page   I. Introduction ............................................................................................................................3 II. A Broad take hold of of the Impact of the Crisis...If you want to get a full essay, assemble it on our website: OrderEssay.net

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