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Spillover Effects of the Global Crisis on Economic Activity in MENA Emerging Market Countries-An Analysis Using the Financial Stress Index, Kenji Moriyama

The estimated spillover of the global crisis to emerging market (EM) economies in the Middle East and North Africa (MENA) indicates that nearly two-thirds of the increased financial stress in MENA EM countries after the Lehman shock is attributable to direct or indirect spillovers of financial stress in advanced economies. Moreover, the estimated models suggest that the increased financial stress and slowdown in economic activity in advanced economies can explain about half of the drop in real GDP growth in MENA EM countries after the Lehman shock
Table Of Contents
Contents; I. Introduction; Figures; 1. Real GDP Growth Projections; II. The Financial Stress Index (FSI); 2. Financial Stress Index; III. Spillovers of Financial Stress to the MENA Region-Common Time-Varying Component Analysis; 3. Financial Stress in MENA EM Countries; 4. Financial Stress in GCC Countries; 5. Common Time Component in MENA EM Countries and Financial Stress in Advanced Economies; 6. Common Time Component in GCC Countries and Financial Stress in Advanced Economies; Text Tables; 1. Determinants of Common Time Trend
Literary Form
non fiction
First edition.
Description based upon print version of record
Physical Description
1 online resource (22 p.)
Specific Material Designation
Form Of Item

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