Journal of International Business and Economy

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The Contagion Effects of European Union Macroeconomic Instability in Emerging Markets: Evidence from India
Vighneswara Swamy
Volume 19, Number 2, Fall 2018 (pp. 74 ~ 104)

This paper examines the European Union (EU) macroeconomic instability and its contagion effects on emerging market economies. Given the large economic weight of the EU in the world, the contagion of the crisis and its potentially devastating effects are necessitating a renewed attention from the researchers and international financial institutions in analyzing the nature and implications of sovereign debt on the political economy of developing and emerging economies in general, particularly India. Though the crisis is epicentered in the EU, its knock-on effects are felt all across the globe. The emerging and developing economies (EDEs) have posted lower growth on account of the worsening external environment and a weakening internal demand during the period of the Eurozone debt crisis. While presenting the contemporary literature on the topic, this paper analyses the causes of the sovereign debt crisis presents implications for sovereign debt crises and draws lessons particularly for emerging markets such as India.

Key Words: sovereign debt crisis, credit risk, endogenous default, banking crisis

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Entrepreneurship in Transition Economies: Is There an Entrepreneurial Characteristic Similarity to Western Entrepreneur?
Thomas Bradley and Paul Eberle
Volume 19, Number 2, Fall 2018 (pp. 105 ~ 157)
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National Output and Market Return Integration of G-7 Countries: A Perspective from Principal Component Analysis
Galin Todorov
Volume 19, Number 2, Fall 2018 (pp. 48 ~ 73)