Global Shocks and their Impacton Low-Income Countries : Lessons From theglobal Financial Crisis /

This paper investigates the short-run effects of the 2007-09 global financial crisis on growth in (mainly non-fuel exporting) low-income countries (LICs). Four conclusions stand out. First, for many individual LICs, 2009 was not extraordinarily calamitous; however, aggregate LIC output declined shar...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Papageorgiou, Chris
Awduron Eraill: Pattillo, Catherine, Schindler, Martin, Weisfeld, Hans
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2011.
Cyfres:IMF Working Papers; Working Paper ; No. 2011/027
Mynediad Ar-lein:Full text available on IMF
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020 |z 9781455216741 
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100 1 |a Papageorgiou, Chris. 
245 1 0 |a Global Shocks and their Impacton Low-Income Countries :   |b Lessons From theglobal Financial Crisis /  |c Chris Papageorgiou, Hans Weisfeld, Catherine Pattillo, Martin Schindler. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2011. 
300 |a 1 online resource (51 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper investigates the short-run effects of the 2007-09 global financial crisis on growth in (mainly non-fuel exporting) low-income countries (LICs). Four conclusions stand out. First, for many individual LICs, 2009 was not extraordinarily calamitous; however, aggregate LIC output declined sharply because LICs were unusually synchronized. Second, the growth declines are on average well explained by the decline in export demand. Third, if the external environment facing LICs improves as forecast, their growth should rebound sharply. Finally, and contrary to received wisdom, there are few robust relationships between the cross-country growth variation and the policy and structural environment; the main exceptions are reserve coverage and labor-market flexibility. 
538 |a Mode of access: Internet 
700 1 |a Pattillo, Catherine. 
700 1 |a Schindler, Martin. 
700 1 |a Weisfeld, Hans. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2011/027 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2011/027/001.2011.issue-027-en.xml  |z IMF e-Library