Global economic prospects : : commodities at the crossroads

• Record Nr.: UNINA9910782865603321
• Pubbl/distr/stampa: Washington, DC : , : World Bank, , 2009
• ISBN: 1-281-95980-4; 9786611959807; 0-8213-7801-5; 9780821377994
• Descrizione fisica: xv, 180 pages : illustrations ; ; 27 cm
• Disciplina: 330.91724222222
• Soggetti: Economic forecasting - Developing countries; Economic forecasting; Economic history - 1990-; International economic relations; Developing countries Economic conditions
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: Contents; Foreword; Acknowledgments; Abbreviations; Overview; Figure O.1 The recent commodity boom was the largest and longest of any boom since 1900; Figure O.2 Real commodity prices in local currency units increased by between 75 and 150 percent but have fallen since; Figure O.3 Slower growth should ease commodity demand; Figure O.4 Technological progress has reduced the quantity of commodities used per unit of GDP; Figure O.5 Oil prices are having a direct impact on food prices; Figure O.6 On average, poor countries are dependent on commodities but relatively resource poor; Figure O.7 Primary commodity exporters are exhibiting fewer signs of the behaviors linked to the" resource curse"Figure O.8 Exchange rates, inflation, and government expenditures in new versus established oil exporters, 2001-06; Table O.1 Food price hikes and consumption shares vary by region; Table O.2 Higher food prices have increased both the incidence and severity of poverty worldwide; Chapter 1 Prospects for the Global Economy; Table 1.1 The global outlook in summary; Figure 1.1 GDP growth; Box 1.1 Chronology of recent ; developments in the financial crisis; Figure 1.2 Emerging market equities are hit hard as turbulence evolves to crisis Figure 1.3 Emerging-market bond spreads widen, especially for corporates; Figure 1.4 Private debt and equity flows decline by a third in 2008; Figure 1.5 Change in GDP in the United States, Europe, and Japan; Figure 1.6 The contribution of U.S. domestic demand to GDP growth; Table 1.2 High-income OECD countries: growth and related indicators; Figure 1.7 U.S. household wealth falls sharply in the last quarters; Figure 1.8 GDP to decline across the OECD; Figure 1.9 East Asian countries show steep falloff in output growth Figure 1.10 Output growth in Latin America, South Asia, and Europe and Central Asia is fading; Figure 1.11 Investment was the driving force for growth in developing countries; Table 1.3 Developing regions: growth and related indicators; Figure 1.12 Developing-country GDP growth is expected to fall below 5 percent in 2009; Figure 1.13 Headline inflation is easing across industrial countries; Figure 1.14 Inflation in emerging markets surged on higher food and energy prices; Box 1.2 Commodity prices and inflation in developing countries Figure 1.15 Key developments in 2008 for East Asia and the Pacific; Figure 1.16 Sovereign bond spreads widen across Europe and Central Asia; Figure 1.17 In Latin America and the Caribbean, current accounts of largest economies diverge; Figure 1.18 Oil revenues, recovery from drought underpin growth in the Middle East and North Africa in 2008; Figure 1.19 South Asian production slips in the last months; Figure 1.20 In Sub-Saharan Africa, primary commodity exports increased as prices surged; Figure 1.21 World trade is expected to decline in 2009 for the first time since 1982
• Sommario/riassunto: The eruption of the worldwide financial crisis has radically recast prospects for the world economy. Global Economic Prospects 2009 analyzes the implications of the crisis for low- and middle-income countries, including an in-depth look at long-term prospects for global commodity markets and the policies of both commodity producing and consuming nations. Developing countries face sharply higher borrowing costs and reduced access to capital, cutting into their capacity to finance investment spending. The looming recession presents new risks, coming as it does on the heels of the recent food and

Global housing markets : crises, policies, and institutions / / Ashok Bardhan, Robert Edelstein, Cynthia Kroll

• Record Nr.: UNINA9910812462503321
• Pubbl/distr/stampa: Hoboken, NJ, : Wiley, 2011
• ISBN: 9786613294784; 9781118144237; 1118144236; 9781119200505; 1119200504; 9781283294782; 1283294788; 9781118144213; 111814421X
• Edizione: [1st ed.]
• Descrizione fisica: 1 online resource (578 p.)
• Collana: Robert W. Kolb series in finance
• Altri autori (Persone): BardhanAshok Deo <1957->; EdelsteinRobert H; KrollCynthia A
• Disciplina: 333.33/8
• Soggetti: Global Financial Crisis, 2008-2009; Globalization; Housing policy
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references and index.
• Nota di contenuto: GLOBALHOUSINGMARKETS; Contents; Acknowledgments; Editor's Note; 1 The Financial Crisis and Housing Markets Worldwide:Similarities, Differences, and Comparisons; PART I The United States Leads the Housing Bubble's Rise and Collapse; 2 The U.S. Housing Market and the Financial Crisis; PART II The European Union-One Continent, Many Markets: A Gauge of Government Institutions and Interventions; 3 The 2008 Financial Crisis and the Danish Mortgage Market; 4 Prolonged Crisis; 5 The Dynamics of the Irish Housing Market; 6 House Prices and Market Institutions:The Dutch Experience; 7 Real Estate Boom and Crisis in Spain8 The UK and Europe's Selective ; Housing Bubble; PART III Eastern Europe: European Emerging Markets Ride the Waves; 9 The Housing Market in Russia: Lessons of the Mortgage Crisis; 10 The Housing Market and Housing Finance in Russia and Its Regions: A Quantitative Analysis; 11 The Housing Market in Serbia in the Past Decade; PART IV Asia Housing Bubbles Past, Present, and Future:Contrasts among Asian Economic Giants; 12 Irrational Prosperity, Housing Market, and Financial Crisis: An Empirical Study of Beijing; 13 Home Mortgage and Real Estate Market in Shanghai14 Evolution of the Indian Housing Finance System and Housing Market; 15 The Housing Market and Housing Finance under Liberalization in India; 16 The Recent Financial Crisis and the Housing Market in Japan; PART V Managing Housing Bubbles and Housing Markets in Diverse Asian Economies; 17 Comparing Two Financial Crises: The Case of Hong Kong Real Estate Markets; 18 The Global Financial Crisis and the Korean Housing Sector: How Is This Time Different from the 1997 Asian Financial Crisis?; 19 Government Policy, Housing Finance, and Housing Production in Singapore20 Taiwan: Housing Bubbles and Affordability; PART VI Avoiding Contagion in Other Markets; 21 Australia's Economic Response to the Global Financial Crisis and Its Housing Markets; 22 The Financial Crisis and Brazil's Expanding Housing Market; 23 The Canadian Housing Market: No Bubble? No Meltdown?; 24 Partly Cloudy to Clear: The Israeli Economy and the Local Housing Market under the Storm of the World Financial Crisis; Index
• Sommario/riassunto: A global look at the reasons behind the recent economic collapse, and the responses to it The speculative bubble in the housing market began to burst in the United States in 2007, and has been followed by ruptures in virtually every asset market in almost every country in the world. Each country proposed a range of policy initiatives to deal with its crisis. Policies that focused upon stabilizing the housing market formed the cornerstone of many of these proposals. This internationally focused book evaluates the genesis of the housing market bubble, the global viral contagion of the c