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How Can the Crisis Vulnerability of Emerging Economies Be Reduced?

Image How Can the Crisis Vulnerability of Emerging Economies Be Reduced?

Jul 11, 2014: Emerging countries are often more crisis-prone than highly developed industrialised countries. In many cases, this is due to a comparatively weaker or more volatile financial sector. A new Ifo research report shows that the best policy to strengthen crisis resistance is to build up a sound macroeconomic and fiscal policy position; and that this helps a country hit by a crisis to overcome it more quickly. To this end, however, an important additional condition must be fulfilled: the country must increase its international competitiveness in order to achieve sustained growth.

Publication

  1. Abberger, Klaus, Biswa Nath Bhattacharyay, Chang Woon Nam, Gernot Nerb and Siegfried Schoenherr, How Can the Crisis Vulnerability of Emerging Economies Be Reduced?, ifo Forschungsberichte 65, ifo Institut, 2014 | Details | PDF Download

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