Riding Global Financial Waves: The Economic Impact of Global Financial Shocks on Emerging Market Economies

Working Paper No. 12/188

Over the past two decades, most emerging market economies witnessed two key developments. A marked process of financial integration with the rest of the world, arguably turning these economies more vulnerable to global financial shocks; and an improvement of macroeconomic fundamentals, helping to increase their resiliency to these shocks.... READ MORE...

Publication date: July 2012
ISBN 9781475505368

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Publication date: July 2012