European Parliament Library

Finance & Development, December 2010

Finance & Development, December 2010
Main title
Finance & Development, December 2010
electronic resource
Nature of contents
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Series statement
Finance & Development
This issue of F&D looks at the growing role of emerging markets. Analysis by the IMF's Ayhan Kose and Eswar Prasad, professor of trade policy at Cornell University, argues that their economic ascendance will enable emerging markets such as Brazil, China, India, and Russia to play a more significant part in global economic governance and take on more responsibility for economic and financial stability. And Vivek Arora and Athanasios Vamvakidis measure how China's economy is increasingly affecting the rest of the world not just its neighbors and main trading partners. In addition, F&D examines a
Table Of Contents
FEATURES; DEPARTMENTS; People in Economics: Fun & Games; EMERGING MARKETS' PLACE AT THE TABLE; Emerging Markets Come of Age: These vibrant middle-income countries survived the global recession, but face bumps as they seek to solidify their place in the world economy; Gauging China's Influence: China's rapid integration and growth are increasingly affecting the rest of the world; ALSO IN THIS ISSUE; Stimulus Worked: Without the quick and massive policy response, the Great Recession might still plague the United StatesGetting Debt under Control: In dealing with the aftermath of the Great Recession, policymakers must pay attention to the mix of austerity policiesThe Tragedy of Unemployment: Governments can do more to alleviate joblessness and its human costs; Picture This: Youth for HireThe global economic crisis has led to the highest youth unemployment rates ever; Leveraging Inequality: Long periods of unequal incomes spur borrowing from the rich, increasing the risk of major economic crises; Faces of the Crisis Revisited: Real people, reacting to the crisisBad News Spreads: When government debt is downgraded, the ill effects can be felt across countries and financial marketsRisky Business: Global banks will adapt to the new international rules on capital and liquidity,but at what cost to investors and the safety of the financial system?; Trusting the Government: Confidence in government is the key to financial development; Good for Growth?: The spread of Islamic banking can spur development in countries with large Muslim populations; Put to the Test: Islamic banks were more resilient than conventional banks during the global financial crisisBack to Basics: What Are Externalities? What happens when prices do not fully capture costsPoorest Economies Can Export More: Advanced and emerging economies can make it easier for the least developed countries to sell more products abroad; Data Spotlight: Trade Impact: The Great Recession seriously disrupted international trade, but some regions and trading partners were hit harder than others; Book Reviews:; Index