Economic

WP/10/237 The Impact of the Great quoin on emerge Markets Ricardo Llaudes, Ferhan Salman, and Mali Chivakul © 2010 International Monetary Fund WP/10/237 IMF on the job(p) constitution Strategy, constitution and Review Department The Impact of the Great Recession on emergent Markets Prep ared by Ricardo Llaudes, Ferhan Salman, and Mali Chivakul Authorized for scattering by Lorenzo Giorgianni October 2010 Abstract This Working typography 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 happen by the author(s) and are published to elicit comments and to further debate. This root examines the electric shock of the recent global crisis on emerging market economies (EMs). Our cross country analysis shows that the impact of the crisis was more(prenominal) pronounced in those EMs that ha d sign weaker fundamentals and greater fiscal and trade linkages. This effect is detect along a flesh of dimensions, such as development, pipeline market performance, sovereign spreads, and assent 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 portentous relationship between militia and the growth decline. This paper argues that our preferent measure of impact is a more accurate reflectiveness of the true impact of the crisis on EMs. JEL Classification Numbers: F01, G01, F15, F42 Keywords: Emerging markets, global crisis, vulnera bilities, reserves, linkages Authors E-Mail ! Address: rllaudes@imf.org, fsalman@imf.org, mchivakul@imf.org 2 Contents Page   I. Introduction ............................................................................................................................3 II. A Broad slew of the Impact of the Crisis...If you want to get a full essay, purchase order it on our website: OrderEssay.net

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