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005 20141212074546.0;

008 100930s2010 dcua b 001 0 eng ;

010 a| 2010041495;

016 7 a| 0157683552| Uk;

020 a| 9780815705642 (pbk. : alk. paper);

020 a| 0815705646 (pbk. : alk. paper);

029 1 a| AU@b| 000046063451;

035 a| (Sirsi) o667874157;

035 a| (OCoLC)667874157;

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050 00 a| HG5993b| .K67 2010;

082 00 a| 332.67/30917242| 22;

100 1 a| Kose, M. Ayhan.=| ^A1062374;

245 10 a| Emerging markets :b| resilience and growth amid global turmoil /c| M. Ayhan Kose and Eswar S. Prasad.;

300 a| xiv, 205 pages :b| illustrations ;c| 23 cm;

336 a| text2| rdacontent;

337 a| unmediated2| rdamedia;

338 a| volume2| rdacarrier;

504 a| Includes bibliographical references (p. 183-195) and index.;

505 0 a| Changes in the world economic order : a roadmap -- Rising global linkages and international business cycles : what do we know? --Setting the stage -- Shifting dynamics of global GDP and growth -- Global trade linkages -- Global financial linkages -- Business cycle volatility -- Comovement of business cycles and financial markets -- Exploring the sources of business cycle comovement -- Macroeconomics of recessions and financial crises -- Emerging markets during the global financial crisis -- The good and the ugly: emerging Asia and emerging Europe -- What explains the resilience of emerging markets? -- Conclusions and policy implications.;

520 a| Emerging Market Economies (EMEs) have become the darlings of international investors and the focus of enormous attention in academic, media, and policy circles. M. Ayhan Kose and Eswar S. Prasad present the definitive account of the evolution of EMEs and use the lens of the global financial crisis to evaluate their strengths and weaknesses. Led by a set of large and dynamic countries including Brazil, China, India, and Russia EMEs have become a dominant presence in the world economy. They now account for a substantial share of world output and have been a major driver of global growth during the past decade. They are significant players in international trade and financial flows and are beginning to exert rising clout in global policy debates. However, the financial crisis of 2007-09 and the worldwide recession that followed cast a pall over the notion that EMEs had become self-reliant and "decoupled" from demand conditions in and financial flows from advanced countries. Kose and Prasad, prominent experts on emerging market economies and globalization, draw on their extensive research to assess the resilience of EMEs in the face of the global financial crisis. Their analysis shows that EMEs, as a group, weathered the crisis much better than the advanced countries, and most of these economies have bounced back rapidly from the global recession. The authors track down the reasons for this resilience and explain why some countries in this group have done better than others. Based on this analysis, they draw lessons for the durability and sustainability of these economies' long-term growth. This book is important reading for anyone trying to anticipate the future growth of emerging markets or contemplating business opportunities in these economies. -- Book Jacket.;

650 0 a| Investmentsz| Developing countries.=| ^A477970;

650 0 a| International finance.=| ^A16318;

650 0 a| Business cycles.=| ^A19868;

650 0 a| Financial crises.=| ^A359938;

650 0 a| International economic relations.=| ^A3470;

700 1 a| Prasad, Eswar S.,d| 1965-=| ^A586671;

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Emerging markets : resilience and growth amid global turmoil / M. Ayhan Kose and Eswar S. Prasad.

Author/creator	Kose, M. Ayhan
Other author	Prasad, Eswar S., 1965-
Format	Book
Publication Info	Washington, D.C. : Brookings Institution Press, ©2010.
Description	xiv, 205 pages : illustrations ; 23 cm
Subjects	Investments--Developing countries. International finance. Business cycles. Financial crises. International economic relations.

Contents	Changes in the world economic order : a roadmap -- Rising global linkages and international business cycles : what do we know? --Setting the stage -- Shifting dynamics of global GDP and growth -- Global trade linkages -- Global financial linkages -- Business cycle volatility -- Comovement of business cycles and financial markets -- Exploring the sources of business cycle comovement -- Macroeconomics of recessions and financial crises -- Emerging markets during the global financial crisis -- The good and the ugly: emerging Asia and emerging Europe -- What explains the resilience of emerging markets? -- Conclusions and policy implications.
Abstract	Emerging Market Economies (EMEs) have become the darlings of international investors and the focus of enormous attention in academic, media, and policy circles. M. Ayhan Kose and Eswar S. Prasad present the definitive account of the evolution of EMEs and use the lens of the global financial crisis to evaluate their strengths and weaknesses. Led by a set of large and dynamic countries including Brazil, China, India, and Russia EMEs have become a dominant presence in the world economy. They now account for a substantial share of world output and have been a major driver of global growth during the past decade. They are significant players in international trade and financial flows and are beginning to exert rising clout in global policy debates. However, the financial crisis of 2007-09 and the worldwide recession that followed cast a pall over the notion that EMEs had become self-reliant and "decoupled" from demand conditions in and financial flows from advanced countries. Kose and Prasad, prominent experts on emerging market economies and globalization, draw on their extensive research to assess the resilience of EMEs in the face of the global financial crisis. Their analysis shows that EMEs, as a group, weathered the crisis much better than the advanced countries, and most of these economies have bounced back rapidly from the global recession. The authors track down the reasons for this resilience and explain why some countries in this group have done better than others. Based on this analysis, they draw lessons for the durability and sustainability of these economies' long-term growth. This book is important reading for anyone trying to anticipate the future growth of emerging markets or contemplating business opportunities in these economies. -- Book Jacket.
Bibliography note	Includes bibliographical references (p. 183-195) and index.
LCCN	2010041495
ISBN	9780815705642 (pbk. : alk. paper)
ISBN	0815705646 (pbk. : alk. paper)

Emerging markets : resilience and growth amid global turmoil / M. Ayhan Kose and Eswar S. Prasad.

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