LEADER 03652nam 2200613Ia 450 001 9910461968703321 005 20200520144314.0 010 $a1-4755-7006-6 010 $a1-4755-7400-2 035 $a(CKB)2670000000278927 035 $a(EBL)1606883 035 $a(SSID)ssj0000941777 035 $a(PQKBManifestationID)11543337 035 $a(PQKBTitleCode)TC0000941777 035 $a(PQKBWorkID)10963994 035 $a(PQKB)10693635 035 $a(MiAaPQ)EBC1606883 035 $a(Au-PeEL)EBL1606883 035 $a(CaPaEBR)ebr10627148 035 $a(OCoLC)870244957 035 $a(EXLCZ)992670000000278927 100 $a20121206d2012 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aRiding global financial waves$b[electronic resource] $ethe economic impact of global financial shocks on emerging market economies /$fGustavo Adler and Camilo E. Tovar 210 $aWashington, D.C. $cInternational Monetary Fund$dc2012 215 $a1 online resource (27 p.) 225 0$aIMF working paper ;$vWP/12/188 300 $aDescription based upon print version of record. 311 $a1-4755-6678-6 311 $a1-4755-0536-1 320 $aIncludes bibliographical references. 327 $aCover; Contents; I. Introduction; II. Recurrent Episodes of Global Financial Stress; Figures; 1. Global Financial Shocks, 1990-2011; Tables; 1. Global Financial Shocks, 1990-2011; 2. Key Variables during Episodes of Global Financial Shocks, 1990-2011; III. Financial Integration and Economic Fundamentals: Acting in Opposing Directions?; 3. Financial Openness, 1990-2011; 4. EMEs and SAEs Financial Openness, 2010; IV. The Impact of Global Financial shocks; A. Sample, Data, and Econometric Approach; 5. Macroeconomic Fundamentals, 1990-2010 327 $a6. Key Macroeconomic Fundamentals in EMEs and SAEs, 2010 versus 20007. Output Performance during Global Financial Shocks, 1990-2011; 8. Output Performance during Global Financial Shocks, 1990-2011; 9. Output Performance and Fundamentals during Global Financial Shocks, 1990-2011; B. Cross-Sectional Results; 2. Main Results of Cross-Section Estimation; 10. Macro Fundamentals and the Impact of Global Shocks; V. Assessing Vulnerabilities: Simulation Analysis; 11. Impact of Global Shock; VI. Conclusions; References; Annex 1; Annex 2 327 $aAnnex 1. Key Global Variables during Global Financial Shocks, 1990-2011Annex 3; Annex 2. Exchange Rate Pressures during Global Financial Shocks 330 $aOver the past two decades, most emerging market economies witnessed two key developments. A marked process of financial integration with the rest of the world, arguably turning these economies more vulnerable to global financial shocks; and an improvement of macroeconomic fundamentals, helping to increase their resiliency to these shocks. Against a backdrop of these opposing forces, are these economies more vulnerable to global financial shocks today than in the past? Have better fundamentals offset increasing financial integration? If so, what fundamentals matter most? We address these questi 410 0$aIMF Working Papers 606 $aFinancial risk 606 $aFinancial crises 608 $aElectronic books. 615 0$aFinancial risk. 615 0$aFinancial crises. 700 $aAdler$b Gustavo$f1974-$0866245 701 $aTovar Mora$b Camilo Ernesto$0866028 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910461968703321 996 $aRiding global financial waves$92285982 997 $aUNINA