Unexpected outcomes: how emerging economies survived the global financial crisis

2015 ◽  
Vol 53 (01) ◽  
pp. 53-0353-53-0353
Keyword(s):  
Financial Crisis ◽  
Emerging Economies ◽  
Global Financial Crisis ◽  
The Global Financial Crisis ◽  
Unexpected Outcomes

Investigating the Economic Vulnerability Factors of Emerging Markets After the Global Financial Crisis of 2008 With a Hybrid Multi-Criteria Decision-Making Approach

2018 ◽  
pp. 2114-2134
Author(s):  
Hasan Dinçer ◽  
Ümit Hacıoğlu
Keyword(s):  
Decision Making ◽  
Financial Crisis ◽  
Emerging Markets ◽  
Emerging Economies ◽  
Global Financial Crisis ◽  
Multi Criteria Decision Making ◽  
Vulnerability Factors ◽  
Economic Vulnerability ◽  
The Global Financial Crisis ◽  
The Relationship

The latest global financial crisis and its effects on emerging economies engaged researchers' attention to the relationship between economic vulnerability factors and financial crisis. Especially, infrastructure and growth-based factors directly impact on the economic vulnerability of emerging economies. In this study, it is aimed to investigate the economic vulnerability factors indicating the infrastructure and growth of emerging markets after the global financial crisis of 2008 with a hybrid multi criteria decision making approach. To clarify the relationship between the subjective causality structures of the real world problems DEMATEL and PROMETHEE techniques have been employed in the hybrid model. The results illustrate that (1) Nigeria has the highest degree of the economic vulnerability in each year after the global financial crisis, and (2) Mexico for 2009, Turkey for 2012, and Korea for 2015 have the lowest degree of exogenous economic and environmental shocks among the selected emerging markets.

Investigating the Economic Vulnerability Factors of Emerging Markets After the Global Financial Crisis of 2008 With a Hybrid Multi-Criteria Decision-Making Approach

2017 ◽  
pp. 313-333 ◽  
Author(s):  
Hasan Dincer ◽  
Umit Hacioglu
Keyword(s):  
Decision Making ◽  
Financial Crisis ◽  
Emerging Markets ◽  
Emerging Economies ◽  
Global Financial Crisis ◽  
Multi Criteria Decision Making ◽  
Vulnerability Factors ◽  
Economic Vulnerability ◽  
The Global Financial Crisis ◽  
The Relationship

The latest global financial crisis and its effects on emerging economies engaged researchers' attention to the relationship between economic vulnerability factors and financial crisis. Especially, infrastructure and growth-based factors directly impact on the economic vulnerability of emerging economies. In this study, it is aimed to investigate the economic vulnerability factors indicating the infrastructure and growth of emerging markets after the global financial crisis of 2008 with a hybrid multi criteria decision making approach. To clarify the relationship between the subjective causality structures of the real world problems DEMATEL and PROMETHEE techniques have been employed in the hybrid model. The results illustrate that (1) Nigeria has the highest degree of the economic vulnerability in each year after the global financial crisis, and (2) Mexico for 2009, Turkey for 2012, and Korea for 2015 have the lowest degree of exogenous economic and environmental shocks among the selected emerging markets.

The Resilience of Emerging Economies During the Great Recession

2016 ◽  
pp. 285-309
Author(s):  
Eleonora Cutrini ◽  
Giorgio Galeazzi
Keyword(s):  
United States ◽  
Financial Crisis ◽  
Business Cycle ◽  
Emerging Economies ◽  
Global Financial Crisis ◽  
The United States ◽  
The Great Recession ◽  
Long Run ◽  
The Global Financial Crisis ◽  
Foreign Credit

This chapter focuses on the decoupling hypothesis between emerging countries and the advanced world. On the basis of quarterly seasonally adjusted data over the period 1995q1–2014q1 we present some evidence in favor of a decreasing vulnerability of emerging market economies to global economic and financial development, particularly convincing for Asian countries. Results confirm a common finding in the related literature: The acute phase of the financial crisis triggered by the US mortgage crisis corresponds to a period of substantial increase in business cycle synchronization, arguably determined by the synchronized trade collapse and foreign credit retrenchment, although in the aftermath of the global financial crisis, all the different groups of emerging economies started to decouple again from the United States, and also relative to the Eurozone and to Japan. Therefore, extending the time span to recent data allows us to envisage the recoupling phase with respect to the United States' business cycle as a temporary halt over a long-run decoupling initiated a decade ago.

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