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This paper discusses the role of state intervention for prevention, containment, and resolution of financial crises based mainly on the Korean experience during the 1997 Asian financial crisis. Crises in emerging market and developing economies tend to be more complicated than those faced by...
Persistent link: https://www.econbiz.de/10009363798
Previous work has shown that the results of both China and Mexicos export-led market reforms over the past quarter … century have been strikingly different. In contrast to China, Mexico has not managed to increase the value added of its … exports of manufactured goods and has subsequently had a difficult time competing with China in world markets. Building on …
Persistent link: https://www.econbiz.de/10009365144
economy and political power. In the last twenty five years the economy of China, a nation of 1.3 billion, has grown by a … almost half of the world output and more than half world trade, with China accounting for half of that. In 2010, Chinaâ …
Persistent link: https://www.econbiz.de/10011277990
imbalances. Since the onset of the crisis, the People’s Republic of China and the United States have rebalanced. As a share of …€™s Republic of China, the reduction in its current account surplus post-crisis suggests a structural change. Panel regressions for …
Persistent link: https://www.econbiz.de/10011134334
imbalances. Since the onset of the crisis, the People’s Republic of China and the United States have rebalanced. As a share of …€™s Republic of China, the reduction in its current account surplus post-crisis suggests a structural change. Panel regressions for …
Persistent link: https://www.econbiz.de/10011134364
Although there has been much theorising on the impact of Indias economic reforms of 1991 on Indian manufacturers, there is hardly any previous study that has taken up the task of actually asking the manufacturing firms as to what the true impact of economic reforms has been on them. In this...
Persistent link: https://www.econbiz.de/10009363558
Creation of the Council on Economic and Fiscal Policy (CEFP) made Japans economic and fiscal policy making more transparent, consistent and coherent. This new institutional arrangement accelerated structural reform and improved economic and fiscal policy making in general, thus contributing to...
Persistent link: https://www.econbiz.de/10009363693
The Indian government has taken a number of incremental measures to liberalise legal and administrative impediments to international capital movements in recent years. This paper analyses the extent to which the effectiveness of capital controls in India, measured by the domestic less net...
Persistent link: https://www.econbiz.de/10009363806
This paper presents a coherent and systematic analysis of the collapse and subsequent revival of the Central Asian Republics (CARs) since 1990. The focus is on the pattern of growth and structural change during the cycle of decline and subsequent revival in the CARs which have been inadequately...
Persistent link: https://www.econbiz.de/10009363926
The rise of China is a major episode in world economic history. From the late 1970s, China pursued market …-oriented reforms and open policy. During the past two decades, China experienced extraordinary growth. Since 1978, GDP growth rates … (South Korea, Singapore and Hong Kong and Taiwan province of China) in their fast growing period. In a short span of time …
Persistent link: https://www.econbiz.de/10009363966