World Economic Outlook, May 1999: International Financial Contagion
The World Economic Outlook, published twice a year in English, French, Spanish, and Arabic, presents IMF staff economists' analyses of global economic developments during the near and medium term. Chapters give an overview of the world economy; consider issues affecting industrial countries, developing countries, and economies in transition to market; and address topics of pressing current interest. Annexes, boxes, charts, and an extensive statistical appendix augment the text.
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Global Repercussions of the Crises in Emerging Markets and Other
International Financial Contagion
Causes and Cures
Annex Summing Up by the Acting Chairman
World Economic Outlook and Staff Studies for the World Economic Outlook
adjustment advanced economies Africa Asia Asian crisis assets average banks Brazil budget commodity prices contagion Countries in transition creditor crisis and noncrisis crisis countries currency crises Current account balance debtor countries decline demand depreciation Developing countries domestic effects emerging market emerging market economies euro area Europe European European Union exchange rate export external debt external financing financial markets foreign exchange market global growth IMF staff important income increase indicate inflation interest rates investment Japan Korea labor market macroeconomic market economies market pressures measures Memorandum ment Middle East monetary policy NAIRU nomic OECD payments percent of GDP potential projections ratio Real GDP real wage recent reduce region rise risk Russian crisis sector short-term slowdown spillovers stabilization structural reforms Table tax wedge terms of trade tion U.S. dollars unem unemployment rate United Kingdom vulnerability World Economic Outlook