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1 online resource (103 pages) |
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computer c rdamedia |
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online resource cr rdacarrier |
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Title Page -- Copyright -- Contents -- Acknowledgments -- Abbreviations -- Executive Summary -- A. Objectives of the Study -- B. Main Findings -- Chapter 1 Macroeconomic Shocks -- A. Introduction -- B. Macro Shocks and Household Welfare: Framework -- C. External Shocks and Transmission Channels -- D. Context: Macroeconomic Strengths and Vulnerabilities -- E. Shocks to Household Welfare -- Chapter 2 Household Vulnerabilities -- A. Introduction -- B. Context: Poverty and Vulnerability in the Pre-Crisis Period -- C. Shocks to Household Welfare: Empirical Strategy -- D. Households and Credit Market Shocks -- E. Households and External Price Shocks -- F. Households and Income Shocks -- Chapter 3 Coping with the Crisis -- A. Introduction -- B. Household Responses: Lessons from the ECA Experience -- C. Context: Policy Response, Government Resources, and Constraints -- D. Immediate Policy Responses: Some Illustrations -- E. Longer-Term Policy Responses -- Appendix -- References -- Notes -- Back cover |
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The crisis threatens the welfare of about 160 million people in the Europe and Central Asia (ECA) region who are poor or are just above the poverty line. Using pre-crisis household data along with aggregate macroeconomic outturns to simulate the impact of the crisis on households-transmitted via credit market shocks, price shocks, and income shocks-this report finds that adverse effects are widespread and that poor and non-poor households alike are vulnerable. By 2010, for the region as a whole, some 11 million more people will likely be in poverty and over 23 million more people will find themselves just above the poverty line because of the crisis.The aggregate results mask the heterogeneity of impact within countries, including the concentration of the poverty impact in selected economic sectors. Meanwhile, stress tests on household indebtedness in selected countries suggest that ongoing macroeconomic shocks will expand the pool of households unable to service their debt, many of them from among the ranks of relatively richer households. In fact, already there are rising household loan delinquency rates. Finally, there is evidence that the food and fuel crisis is not over and a new round of price increases, via currency adjustments, will have substantial effects on net consumers. Lessons from last year's food crisis suggest that the poor are the worst hit, as many of the poor in Albania, Kyrgyz Republic, and Tajikistan, for example, are net food consumers, with limited access to agricultural assets and inputs |
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Description based on publisher supplied metadata and other sources |
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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2020. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries |
| 鏈接 |
Print version: Tiongson, Erwin Crisis Hits Home : Stress Testing Households in Europe and Central Asia
Herndon : World Bank Publications,c2009 9780821382226
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| 主題 |
Households -- Economic aspects -- Europe, Eastern.;Households -- Economic aspects -- Asia, Central.;Cost and standard of living -- Europe, Eastern.;Cost and standard of living -- Asia, Central.;Europe, Eastern -- Economic conditions -- 21st century.;Asia, Central -- Economic conditions -- 21st century
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Electronic books
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Sugawara, Naotaka
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Sulla, Victor
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Taylor, Ashley
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Gueorguieva, Anna
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Levin, Victoria
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Subbarao, Kalanidhi
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