Creating Sustainable Fiscal Space for Infrastructure: The Case of Tanzania PDF (Adobe DRM) download by Alejandro Hajdenberg

Creating Sustainable Fiscal Space for Infrastructure: The Case of Tanzania

INTERNATIONAL MONETARY FUND
Publication date: April 2006
ISBN: 9781451871142
Digital Book format: PDF (Adobe DRM)

Buy PDF

List price:
$18.00
Our price:
$13.99

You save: $4.01 (22%)
GET THIS EBOOK
FOR FREE!
Join our Facebook sweepstake, share and
get 10 likes. Winners
get notified in 24H!
The paper evaluates how increases in banks' and nonfinancial corporates' default risk are transmitted in the global economy, using in a vector autoregression model for 30 advanced and emerging economies for the period from January 1996 to December 2008. The results point to two-way causality between bank and corporate distress and to significant global macroeconomic and financial spillovers from either type of distress when it originates in a systemic economy. Corporate distress in advanced economies has a larger impact on economic growth in emerging economies than bank distress in advanced economies has. In contrast, activity in advanced economies is more vulnerable to bank distress than to corporate distress.
Please sign in to review this product.
Format:
Devices:
Creating Sustainable Fiscal Space for Infrastructure: The Case of Tanzania PDF (Adobe DRM) can be read on any device that can open PDF (Adobe DRM) files.

File Size:
663 Kb
Language:
ENG
Copy From Text:
Disabled.
Printing:
Disabled.