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Developing Asia experienced a sharp surge in foreign currency reserves prior to the 2008-9 crisis. The global crisis …
Persistent link: https://www.econbiz.de/10010287777
Developing Asia experienced a sharp surge in foreign currency reserves prior to the 2008-9 crisis. The global crisis …
Persistent link: https://www.econbiz.de/10010288134
Developing Asia experienced a sharp surge in foreign currency reserves prior to the 2008-9 crisis. The global crisis …. -- Reserves ; swaps ; dollar standard ; Asia ; trade and financial linkages …
Persistent link: https://www.econbiz.de/10003943755
Developing Asia experienced a sharp surge in foreign currency reserves prior to the 2008-9 crisis. The global crisis …. -- Reserves ; swaps ; dollar standard ; Asia ; trade and financial linkages …
Persistent link: https://www.econbiz.de/10008647624
In this paper I review the use of precautionary measures aimed at mitigating emerging markets' exposure to fragility associated with financial integration. The discussion draws possible lessons from the ongoing global liquidity crisis. The fear of losing international reserves (IR) constrained...
Persistent link: https://www.econbiz.de/10003928113
change, such as demographic transition, can also impinge upon inequality. Structural change in developing Asia has been … economies entail valuable lessons for developing Asia. Extensive structural change is both a cause and consequence of the … exceptionally rapid economic growth, which enabled developing Asia to raise living standards and reduce poverty at a historically …
Persistent link: https://www.econbiz.de/10009667223
Using the "trilemma indexes" developed by Aizenman et al. (2010) that measure the extent of achievement in each of the three policy goals in the trilemma - monetary independence, exchange rate stability, and financial openness - we examine how policy configurations affect macroeconomic...
Persistent link: https://www.econbiz.de/10009158763
adjustment to the postcrisis challenges. We point out that emerging Asia has converged to a middle ground of the trilemma … smoother adjustment of emerging Asia to the crisis, and was instrumental in inducing the rapid resumption of growth. The swings … challenges facing emerging Asia's adjustment during the global financial crisis, and the postcrisis policy stance dealing with …
Persistent link: https://www.econbiz.de/10009379740
Using the "trilemma indexes" developed by Aizenman et al. (2008) that measure the extent of achievement in each of the three policy goals in the trilemma - monetary independence, exchange rate stability, and financial openness - this paper examines how policy configurations affect macroeconomic...
Persistent link: https://www.econbiz.de/10003913743
This paper reviews the patterns of sectoral debts and growth and the mechanisms explaining the adverse effects of debt burdens on growth rates. The empirical analysis covers a sample of 55 emerging and frontier market economies. Future economic growth is more sensitive to rising household debt...
Persistent link: https://www.econbiz.de/10014280028