Product Description: This collection empirically and conceptually advances our understanding of the intricacies of emerging markets’ financial and macroeconomic development in the post-2008 crisis context. Covering a vast geography and a broad range of economic viewpoints, this study serves as an informed guide in the unchartered waters of fundamental uncertainty as it has been redefined in the post-crisis period...read more

Product Description: The 2008 financial crisis has highlighted the challenges associated with global financial integration and emphasized the importance of macro financial linkages. Specifi cally it has shown how the real sector (business cycles) can interact with and be amplifi ed by the fi nancial sector,resulting in high procyclicality and a buildup of systemic risk in the fi nancial sector that manifests itself during economic downturns...read more