Shifting motives: Explaining the buildup in official reserves in emerging markets since the 1980s by Atish R. Ghosh, Jonathan D. Ostry and Charalambos G. Tsangarides (01/2012). “Why have emerging market economies (EMEs) been stockpiling international reserves? We find that…
Chasing the shadows: How significant is shadow banking in emerging markets? by Swati Ghosh, Ines G. Mazo and Inci Ötker-Robe, published by World Bank. “Shadow banking in EMDEs generally does not involve long, complex, opaque chains of intermediation, as…
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Debt Sustainability in Advanced Economies (Ghosh et al.)
fev 9, 2012, 3:17 PM 0
Fiscal Space by Jonathan D. Ostry, Atish R. Ghosh, Jun I. Kim, Mahvash S. Qureshi published by IMF. “In this paper, we reexamine the issue of debt sustainability in a large group of advanced economies. Our hypothesis is that,…