Global interdependence, decoupling and recoupling /
Cheung, Yin-Wong.
Westermann, Frank,1970-
"One lens through which to view global economic interdependence and the spillover of shocks is that of decoupling (and then recoupling). Decoupling between developed and developing countries can be seen in the strong economic performance of China and India relative to that of the United States and Europe in the early 2000s. Recoupling then took place as developing countries sank along with the developed world during the deepening financial crisis of 2008. This volume examines patterns of global economic interdependence and the propagation of shocks in an increasingly integrated world economy. The contributors discuss such topics as the transmission of exogenous shocks; causes of business cycle synchronicity; the differences between global and regional shocks; the South-South trade relationship and its effect on decoupling; vertical specialization and Mexico's manufacturing exports; growth prospects in China, the United States, and Europe after the financial crisis; and the evolving role of the U.S. dollar in international monetary architecture."--Publisher's website.
Description based upon print version of record.
Contents; Series Foreword; 1 Introduction; I Measurement Issues; 2 Measuring International Spillovers during Economic Expansions and Slowdowns; 3 Building a Synchronous Common-Cycle Index for the European Union; II Business Cycles and Growth; 4 No Coupling, No Decoupling, Only Mutual Interdependence: Business Cycles in Emerging versus Mature Economies; 5 Regionalization versus Globalization; 6 The Role of Household Saving in the Economic Rise of China; III Trade Linkages; 7 The Rise of South-South Trade: Does It Mean Less Dependence on the North?
8 Estimating Foreign Value-Added in Mexico's Manufacturing Exports9 On the Persistence of Trade Imbalances: Evidence from Europe; IV The Role of Exchange Rates; 10 China, the United States, and Europe after the Great Recession: Has Anything Changed?; 11 The International Role of the Dollar: Does It Matter If It Changes?; 12 The Penn Effect: Decoupling and Recoupling in the Price-Income Relationship?; Contributors; Index
Includes bibliographies and index.
"One lens through which to view global economic interdependence and the spillover of shocks is that of decoupling (and then recoupling). Decoupling between developed and developing countries can be seen in the strong economic performance of China and India relative to that of the United States and Europe in the early 2000s. Recoupling then took place as developing countries sank along with the developed world during the deepening financial crisis of 2008. This volume examines patterns of global economic interdependence and the propagation of shocks in an increasingly integrated world economy. The contributors discuss such topics as the transmission of exogenous shocks; causes of business cycle synchronicity; the differences between global and regional shocks; the South-South trade relationship and its effect on decoupling; vertical specialization and Mexico's manufacturing exports; growth prospects in China, the United States, and Europe after the financial crisis; and the evolving role of the U.S. dollar in international monetary architecture."--Publisher's website.
OCLC-licensed vendor bibliographic record.
International economic relations.
Globalization.
ECONOMICS/Political Economy
ECONOMICS/Finance