Similar Search Results

Transpacific imbalances and macroeconomic codependency

Thorbecke, Willem - 2011

Current account deficits in the United States (US) and current account surpluses in East Asia are an enduring part of the global economic landscape. They are supported by low saving in the US and by reserve accumulation in Asia. This paper argues that this strategy is causing macroeconomic...

Persistent link: https://www.econbiz.de/10010279816

Financial globalization in emerging countries: Diversification vs. offshoring

Ceballos, Francisco; Didier, Tatiana; Schmukler, Sergio L. - 2012

Financial globalization has gathered attention since the early 1990s because of its macro-financial and crisis implications and its perceived large expansion. But financial globalization has taken different forms over time. This paper examines two important concurrent dimensions of financial...

Persistent link: https://www.econbiz.de/10010397209

International financial reforms: Capital standards, resolution regimes and supervisory colleges, and their effect on emerging markets

Alford, Duncan - 2013

This paper focuses on the relevance to emerging economies of three major financial reforms following the global financial crisis of 2007 - 2009: (1) the improved capital requirements intended to reduce the risk of bank failure ("Basel III"), (2) the improved recovery and resolution regimes for...

Persistent link: https://www.econbiz.de/10010397203

Impact of changes in the global financial regulatory landscape on Asian emerging markets

Watanagase, Tarisa - 2012

This paper discusses the relevance of Basel III to Asian emerging markets. It reviews some of the proposed regulations of Basel III in order to evaluate their likely implications for, and their ability to enhance, the stability of the banking and financial system. This is followed by a...

Persistent link: https://www.econbiz.de/10010397330

International monetary transmission and exchange rate regimes: Floaters vs. non-floaters

Kim, Soyoung; Yang, Doo Yong - 2009

This paper analyzed the impact of United States (US) monetary shocks on the economies of selected East Asian countries using a structural vector autoregression model. We found that the impacts of the US monetary shocks on domestic interest rates and exchange rates contradict conventional wisdom....

Persistent link: https://www.econbiz.de/10010279850

The yuan's exchange rates and pass-through effects on the prices of Japanese and US imports

Xing, Yuqing - 2010

This paper estimated the pass-through effects of yuan's exchange rates on prices of the US and Japanese imports from the People's Republic of China (PRC). Empirical results show that, a 1% nominal appreciation of the yuan would result in a 0.23% increase in prices of the US imports in the short...

Persistent link: https://www.econbiz.de/10010286187

Economic stability and choice of exchange rate regimes

Kaji, Sahoko - 2013

the current euro area crisis. The euro may have led to bubbles, but member economies were not free of trouble before the … euro. Many members were losing competitiveness and in need of removing structural rigidities. If anything, the euro was … introduction of the euro and then discuss the governance overhaul taking place in Europe today. This overhaul was something that …

Persistent link: https://www.econbiz.de/10010397268

Europe's debt crisis, coordination failure, and international effects

Collignon, Stefan - 2012

. It finds that political mishandling has increased uncertainty, which has contributed to a tendency for the euro to become …

Persistent link: https://www.econbiz.de/10010397341

The Dodd-Frank Act and Basel III: Intentions, unintended consequences, and lessons for emerging markets

Acharya, Viral V. - 2012

This paper is an attempt to explain the changes to finance sector reforms under the Dodd-Frank Act in the United States and Basel III requirements globally; their unintended consequences; and lessons for currently fast-growing emerging markets concerning finance sector reforms, government...

Persistent link: https://www.econbiz.de/10010397320

Lessons of the crisis for emerging markets

Eichengreen, Barry - 2009

This paper attempts to draw out the implication of the financial crisis for emerging markets. The most important implications will center on financial markets, where there will be less reliance on portfolio capital flows to finance investment and some deglobalization of banking so that the...

Persistent link: https://www.econbiz.de/10010279791