The Impact of the Global Crisison South-Eastern Europe /

This paper analyzes the impact of the global crisis on six South-Eastern European countries. The main objective is to compare macro-financial conditions and policies in the run-up to the crisis as well as to compare the policy responses to it, so as to highlight, inter alia, possible country-specifi...

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Príomhchruthaitheoir: Spadafora, Francesco
Rannpháirtithe: Cocozza, Emidio, Colabella, Andrea
Formáid: IRIS
Teanga:English
Foilsithe / Cruthaithe: Washington, D.C. : International Monetary Fund, 2011.
Sraith:IMF Working Papers; Working Paper ; No. 2011/300
Rochtain ar líne:Full text available on IMF
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100 1 |a Spadafora, Francesco. 
245 1 4 |a The Impact of the Global Crisison South-Eastern Europe /  |c Francesco Spadafora, Emidio Cocozza, Andrea Colabella. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2011. 
300 |a 1 online resource (70 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 analyzes the impact of the global crisis on six South-Eastern European countries. The main objective is to compare macro-financial conditions and policies in the run-up to the crisis as well as to compare the policy responses to it, so as to highlight, inter alia, possible country-specific constraints. While sharing a common pre-crisis pattern of strong capital inflows and robust growth, a key difference in the conduct of macroeconomicpolicies is that some countries adopted expansionary (and procyclical) fiscal policies. These moves exacerbated external vulnerabilities and compromised the ability to discretionarily use the fiscal instrument in acountercyclical fashion. 
538 |a Mode of access: Internet 
700 1 |a Cocozza, Emidio. 
700 1 |a Colabella, Andrea. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2011/300 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2011/300/001.2011.issue-300-en.xml  |z IMF e-Library