The Evolution of Payments in Europe, Japan, and the United States: Lessons for Emerging Market Economies

At a Glance …

National Institute Economic Review ◽

10.1177/002795011623600107 ◽

2016 ◽

Vol 236 ◽

pp. 48-48

Keyword(s):

United States ◽

World Economy ◽

Emerging Market ◽

Oil Prices ◽

The United States ◽

Emerging Market Economies ◽

List Type ◽

Monetary Policies ◽

Market Economies ◽

The World

The world economy is expected to grow by 3.0 per cent in 2016, down from the 3.2 per cent predicted in the February Review. Growth this year is therefore forecast to be the slowest since the 2009 recession, before picking up to 3.5 per cent in 2017.The growth downgrade is mainly due to disappointing performances in the United States and Japan. Among the emerging market economies, growth has been also been revised down for Brazil and Russia.A moderate strengthening of growth is forecast for 2017 and beyond, supported by accommodative monetary policies, lower oil prices and the gradual normalisation of conditions in stressed emerging market economies.

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Emerging Market Volatility Spillovers

The American Economist ◽

10.1177/0569434518816445 ◽

2018 ◽

Vol 65 (1) ◽

pp. 78-87 ◽

Cited By ~ 1

Author(s):

Apostolos Serletis ◽

Nahiyan Faisal Azad

Keyword(s):

United States ◽

Global Economy ◽

Emerging Market ◽

The United States ◽

Jel Classification ◽

Emerging Market Economies ◽

Exchange Traded Funds ◽

Market Economies ◽

Volatility Spillovers ◽

Global Economic Growth

We address the importance of emerging market economies for the global economy by testing for volatility spillovers between the United States and a number of emerging market economies. We use the methodology recently introduced by Diebold and Yilmaz and daily data, over the period from December 8, 2011, to March 21, 2018, on exchange-traded funds (ETFs), retrieved from Yahoo! Finance, for seven emerging market countries—China, Colombia, Greece, Mexico, Russia, South Africa, and South Korea. We find statistically significant volatility spillovers from emerging market economies to the United States, meaning that the growth prospects of emerging market economies are becoming extremely relevant for global economic growth. JEL classification: E32, F20, F42

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The reform of intergovernmental fiscal relations in developing and emerging market economies

10.1596/0-8213-2836-0 ◽

1994 ◽

Cited By ~ 78

Author(s):

Anwar Shah

Keyword(s):

Emerging Market ◽

Emerging Market Economies ◽

Intergovernmental Fiscal Relations ◽

Market Economies

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Harinder S. Kohli (ed.). Growth and Development in Emerging Market Economies: International Private Capital Flows, Financial Markets and Globalisation. New Delhi: Sage Publication 2008. 369 pages. Hardbound. Indian Rs 695.00.

The Pakistan Development Review ◽

10.30541/v47i3pp.304-305 ◽

2008 ◽

Vol 47 (3) ◽

pp. 304-305

Author(s):

Henna Ahsan

Keyword(s):

Capital Flows ◽

Growth And Development ◽

Global Economy ◽

Emerging Market ◽

Balance Sheet ◽

Emerging Market Economies ◽

New Delhi ◽

Infrastructure Development ◽

Market Economies ◽

Emerging Market Countries

The book discusses the different experiences in Asia and Latin America, while covering the closely related areas under the purview of Emerging Market Economies (EMEs). The first chapter, “Introduction and Overview” has written by Harinder S. Kohli gives an excellent review of the existing literature on the subject. The book discusses six related topics which include nine papers presented at the Emerging Markets Forum Meeting held in Jakarta, Indonesia, in September 2006. The book highlights the main factors of growth and development in Emerging Market Economies (EMEs) now closely related with international capital flows, development of financial market, the countries’ ability to integrate successfully with the global economy through trade and investment and their ability to forge public-private partnerships including infrastructure development. Chapter 2, of the book is an article titled “Global Imbalances, Oil Revenues and Capital Flows to Emerging Market Countries” by Jack Boorman explains the favourable global environment and its impact on capital flows to Emerging Market Countries (EMCs). The EMCs got advantage from this benign global economic environment, such as high economic growth rate, increase in exports, better national balance sheet and increase in foreign exchange reserves, but due to high oil prices the situation has been changed.

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