Economic

WP/10/237 The Impact of the Great deferral on ascending(prenominal) Markets Ricardo Llaudes, Ferhan Salman, and Mali Chivakul © 2010 International Monetary Fund WP/10/237 IMF on the job(p) story Strategy, constitution and Review Department The Impact of the Great Recession on emerging Markets Prep ared by Ricardo Llaudes, Ferhan Salman, and Mali Chivakul Authorized for dissemination by Lorenzo Giorgianni October 2010 Abstract This Working writing 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 supercharge by the author(s) and are published to elicit comments and to further debate. This write up examines the electric shock of the recent global crisis on emergent market economies (EMs). Our cross country analysis shows that the impact of the crisis was to a greater extent pronounc ed in those EMs that had sign weaker fundamentals and greater financial and trade linkages. This effect is detect along a go of dimensions, such as offshoot, pipeline market performance, sovereign spreads, and creed 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 substantive relationship between militia and the growth decline. This paper argues that our preferable 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 crisis, vulnerabilities, reserves, li! nkages Authors E-Mail Address: rllaudes@imf.org, fsalman@imf.org, mchivakul@imf.org 2 Contents Page   I. Introduction ............................................................................................................................3 II. A Broad take of the Impact of the Crisis...If you want to get a full essay, point it on our website: OrderEssay.net

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