Introduction

Antonio Pesce

Chapter Chapter 1 in Economic Cycles in Emerging and Advanced Countries, 2015, pp 1-7 from Springer

Abstract: Abstract Nowadays the Emerging Economies (EEs) are playing an increasingly important role in the international economic scenario. In the last decades, from the economic point of view, their importance has grown in several respects: for example, they have become much more relevant in terms of direct foreign investment and portfolio investment, the quantity of monetary reserves held, and in terms of their shares in international trade and financial transactions. This evidence reinforced the controversial idea known as the “decoupling hypothesis”, whereby EEs have become less dependent on the economic trends of Advanced Economies (AEs). This book, by using a new empirical investigation approach, contributes to the debate on the “decoupling hypothesis” by addressing the following main questions: “Has the EEs' vulnerability to external shocks (both real and credit shocks) coming from AEs changed over time? If so, has it grown? or has it decreased as the decoupling hypothesis claims?”.

Keywords: Direct Foreign Investment; Gross Domestic Product; External Shock; Bank Lending; Economic Cycle (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-319-17085-5_1

Ordering information: This item can be ordered from
http://www.springer.com/9783319170855

DOI: 10.1007/978-3-319-17085-5_1

Access Statistics for this chapter

More chapters in Contributions to Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().