Related by context. Frequent words. (Click for all words.) 53 external imbalances 52 external shocks 52 macroeconomic imbalances 51 macroeconomic 50 microeconomic 50 risk premia 49 economies 49 distortionary 49 instabilities 48 euroland 48 spillover effects 47 currency devaluations 47 spillovers 47 sovereign creditworthiness 46 misalignments 46 imbalances 46 Downside risks 46 exogenous shocks 46 LICs 45 rigidities 45 macro economic 45 macroeconomy 45 structural imbalances 44 absorptive capacity 44 EMs 44 crises 44 automatic stabilizers 44 expansionary policies 44 Euroland 44 exogenous factors 43 disinflationary 43 ECB Bini Smaghi 43 instable 43 intermittency 43 contractionary 43 perturbations 42 Eurozone 42 contagion 42 maladaptive 42 TNCs 42 feedback loops 42 eurozone 42 cyclical downturns 42 economic 42 globalized 42 turbulences 42 inflationary 42 deflationary 42 regulatory frameworks 42 peripheral eurozone 42 Imbalances 42 negative externalities 42 mechanisms 42 PIIGS 42 currency devaluation 42 looser monetary 42 moral hazard 42 macro 41 conjuncture 41 macroeconomic fundamentals 41 protectionist tendencies 41 multipolarity 41 stimuli 41 expansionary fiscal 41 macro prudential 41 protectionist pressures 41 sovereign debt 41 externality 41 industrialized economies 41 Overcapacity 41 globalization 41 externalities 41 conditionality 41 macroeconomic stability 41 downswings 41 dollarization 41 Bini Smaghi 41 liquidity buffers 41 monetary policy 41 emerging economies 41 decoupling 41 instability 41 expansionary monetary policy 41 Moral hazard 40 systemic 40 Austerity measures 40 perverse incentives 40 Decoupling 40 multipolar 40 euro zone 40 macroprudential 40 regulatory arbitrage 40 interdependence 40 liquidity 40 Economically speaking 40 deleveraging 40 Inflationary pressure 40 recessionary trends 40 disinflation 40 IFIs 40 competitive devaluations