Showing 1 - 10 of 17
This paper extends our previous paper (Aizenman, Chinn, and Ito 2008) and explores some of the unexplored questions. First, we examine the channels through which the trilemma policy configurations affect output volatility. Secondly, we investigate how trilemma policy configurations affect the...
Persistent link: https://www.econbiz.de/10009363366
This paper examines the decoupling hypothesis for India. We analyse business cycle synchronisation between India and a set of industrial economies, particularly the United States, over the period 1992 to 2008. The evidence suggests that the Indian business cycle exhibits increasing co-movement...
Persistent link: https://www.econbiz.de/10009365125
As cross-border movements of goods, capital, and labor are intensifying, it is likely that goods markets in East Asia will become increasingly integrated. This study investigates the current state of goods market integration in East Asia by measuring the extent of cross-border price...
Persistent link: https://www.econbiz.de/10011278072
South Asia and Southeast Asia have been connected for many centuries, with the degree of connectivity varying over time. This paper explores strengthening connectivity between the two subregions by identifying the missing links in transport connectivity. The paper is specifically concerned with...
Persistent link: https://www.econbiz.de/10011278098
Asian economic regionalism has emerged from a bottom-up process, driven by market forces in the absence of a grand plan for regional integration. While the financial crisis of 1997–98 triggered new regional cooperation initiatives, more recently several Asian political leaders have...
Persistent link: https://www.econbiz.de/10009653167
effect of these agreements on trade liberalization, and the lessons that this offers for other parts of the world, notably …
Persistent link: https://www.econbiz.de/10009653171
should adopt a twin-track approach : better integration within itself and better integration with rest of the world …
Persistent link: https://www.econbiz.de/10009363428
The accession of both China and Taiwan to the World Trade Organization (WTO) had important implications for relations … by either side towards the other. Accession strengthened Chinas position in the world economy and the momentum of … economic reform. Chinas weight and importance in the regional and world economies has increased greatly. With the shift to …
Persistent link: https://www.econbiz.de/10009365156
This paper investigates import demand in East Asia. Estimating exchange rate elasticities for countries in the region is difficult because many imports are used to produce goods for re-export. An exchange rate appreciation that reduces East Asian exports will also reduce the demand for imported...
Persistent link: https://www.econbiz.de/10011278061
This paper considers how exchange rates affect East Asian trade. The evidence indicates that exports produced within regional production networks depend on exchange rates throughout the region while labor-intensive exports depend on exchange rates in the exporting country. These results make...
Persistent link: https://www.econbiz.de/10011278082