Discuss some mechanisms/channels that may (or may not) explain persistence.

T‌‍‍‍‌‍‍‌‌‍‍‍‌‍‍‍‍‌‍‍he assignment aims to enhance your understanding on current economic topics, related to debt or/and banking crises, by looking carefully on similar events from history. You should choose one country -emerging/developing or industrial- that has experienced a financial crisis over the past decades (e.g., countries of the European periphery, Latin American or East Asian countries that suffered severe banking/currency crises in the 1980s, mid/late 1990s, or other countries such as Turkey, Russia, Argentican, etc). You cannot cover any of the countries that we will discuss in length in class, namely the United States, China, and Japan. You should focus on a large economic downturn (crisis), related to debt default, banking collapse, massive currency depreciation, or hyperinflations; please focus on a crisis period associated with a large economic downturn rather than a recession. The assignment aims at uncovering the origins of the latest crisis, but also a past crisis and then understanding similarities and differences. The assignment is thus conceptually to the highly influential work of Carmen M. Reinhart and Kenneth S. Rogoff, who have analysed the similarities of financial crisis over the past centuries. The assignment consists of the following steps: 1. Contemporary Episode (30%) Describe the most recent banking/currency/debt crisis (perhaps also hyperinflation) that the country has experienced. Specifically a. Present some statistics illustrating the severity of the crisis, its duration, and it output costs. (10%) b. Discuss its main origins. List no more than five of the main factors, but focus on the two most important ones. [It may be useful to compare this country with some other similar economies that experienced a crisis during the same period (., East Asian crisis in 1997/1998; Tequila crisis in the mid-1990s; debt crisis of early 1980s; European crisis in the early 1990‌‍‍‍‌‍‍‌‌‍‍‍‌‍‍‍‍‌‍‍)]. (20%) 2. Past Episode (30%) Using the Reinhart and Rogoff chronology or another crisis classification (., Laeven and Valencia, Systemic Banking Crisis Database, IMF Economic Review, 2013) or your knowledge of history repeat the analysis (steps (a) and (b) above) using an earlier crisis in the same country (., you could compare the 1995 crisis in Mexico with the 1850 default of Mexico). It is particularly important to cite the works or data sources that you use in the historical analysis. 3. Comparison and Persistence (40%) a. Discuss the similarities and differences of the two crises (contemporary with historical). For example are there similar driving forces? Are there similarities and differences on the response to the two crises and how different is the evolution of output? (10%) b. Discuss some mechanisms/channels that may (or may not) explain persistence. For example are there deep origins of both crises or not? (30%) Web-sources • Kenneth Rogoff’s web-site: • Barry Eichengreen’s web-site: • Alan Taylor’s web-site: • VOXEU web-site: • IMF/World Bank country reports. • Laeven, L and F. Valenica. (2013). Systemic Banking Crises Database. IMF Economic Review, 61(2): 225-270. • Project Syndicate. The Quiet Financial Crisis. 7th January 2022 Remarks • Please cite any work (policy report, academic paper, etc) that you use. Please also add hyperlinks to your citations. • You can use tables from reports or academic papers (assuming proper citation). • You should not mechanically reproduce some results/insights of others. • Maximum 10 pages; spaced. Including graphs. (bibliographic references may be in additional pages) • Maximum 5 graphs. (the graphs should be readable; do not shrink them so as to save space) �‌‍‍‍‌‍‍‌‌‍‍‍‌‍‍‍‍‌‍‍� No appendix; just bibliography.

What Will You Get?

We provide professional writing services to help you score straight A’s by submitting custom written assignments that mirror your guidelines.

Premium Quality

Get result-oriented writing and never worry about grades anymore. We follow the highest quality standards to make sure that you get perfect assignments.

Experienced Writers

Our writers have experience in dealing with papers of every educational level. You can surely rely on the expertise of our qualified professionals.

On-Time Delivery

Your deadline is our threshold for success and we take it very seriously. We make sure you receive your papers before your predefined time.

24/7 Customer Support

Someone from our customer support team is always here to respond to your questions. So, hit us up if you have got any ambiguity or concern.

Complete Confidentiality

Sit back and relax while we help you out with writing your papers. We have an ultimate policy for keeping your personal and order-related details a secret.

Authentic Sources

We assure you that your document will be thoroughly checked for plagiarism and grammatical errors as we use highly authentic and licit sources.

Moneyback Guarantee

Still reluctant about placing an order? Our 100% Moneyback Guarantee backs you up on rare occasions where you aren’t satisfied with the writing.

Order Tracking

You don’t have to wait for an update for hours; you can track the progress of your order any time you want. We share the status after each step.

image

Areas of Expertise

Although you can leverage our expertise for any writing task, we have a knack for creating flawless papers for the following document types.

Areas of Expertise

Although you can leverage our expertise for any writing task, we have a knack for creating flawless papers for the following document types.

image

Trusted Partner of 9650+ Students for Writing

From brainstorming your paper's outline to perfecting its grammar, we perform every step carefully to make your paper worthy of A grade.

Preferred Writer

Hire your preferred writer anytime. Simply specify if you want your preferred expert to write your paper and we’ll make that happen.

Grammar Check Report

Get an elaborate and authentic grammar check report with your work to have the grammar goodness sealed in your document.

One Page Summary

You can purchase this feature if you want our writers to sum up your paper in the form of a concise and well-articulated summary.

Plagiarism Report

You don’t have to worry about plagiarism anymore. Get a plagiarism report to certify the uniqueness of your work.

Free Features $66FREE

  • Most Qualified Writer $10FREE
  • Plagiarism Scan Report $10FREE
  • Unlimited Revisions $08FREE
  • Paper Formatting $05FREE
  • Cover Page $05FREE
  • Referencing & Bibliography $10FREE
  • Dedicated User Area $08FREE
  • 24/7 Order Tracking $05FREE
  • Periodic Email Alerts $05FREE
image

Our Services

Join us for the best experience while seeking writing assistance in your college life. A good grade is all you need to boost up your academic excellence and we are all about it.

  • On-time Delivery
  • 24/7 Order Tracking
  • Access to Authentic Sources
Academic Writing

We create perfect papers according to the guidelines.

Professional Editing

We seamlessly edit out errors from your papers.

Thorough Proofreading

We thoroughly read your final draft to identify errors.

image

Delegate Your Challenging Writing Tasks to Experienced Professionals

Work with ultimate peace of mind because we ensure that your academic work is our responsibility and your grades are a top concern for us!

Check Out Our Sample Work

Dedication. Quality. Commitment. Punctuality

Categories
All samples
Essay (any type)
Essay (any type)
Two Effects of Daily Exercise on Mental Health
Undergrad. (yrs 1-2)
English 101
1
View this sample

It May Not Be Much, but It’s Honest Work!

Here is what we have achieved so far. These numbers are evidence that we go the extra mile to make your college journey successful.

0+

Happy Clients

0+

Words Written This Week

0+

Ongoing Orders

0%

Customer Satisfaction Rate
image

Process as Fine as Brewed Coffee

We have the most intuitive and minimalistic process so that you can easily place an order. Just follow a few steps to unlock success.

See How We Helped 9000+ Students Achieve Success

image

We Analyze Your Problem and Offer Customized Writing

We understand your guidelines first before delivering any writing service. You can discuss your writing needs and we will have them evaluated by our dedicated team.

  • Clear elicitation of your requirements.
  • Customized writing as per your needs.

We Mirror Your Guidelines to Deliver Quality Services

We write your papers in a standardized way. We complete your work in such a way that it turns out to be a perfect description of your guidelines.

  • Proactive analysis of your writing.
  • Active communication to understand requirements.
image
image

We Handle Your Writing Tasks to Ensure Excellent Grades

We promise you excellent grades and academic excellence that you always longed for. Our writers stay in touch with you via email.

  • Thorough research and analysis for every order.
  • Deliverance of reliable writing service to improve your grades.
Place an Order Start Chat Now
image