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Asia is a region whose financial integration has not kept pace with real integration. Asias relative financial isolation has limited its exposure to the direct fallout of the global financial crisis (though it did not prevent trade links from exerting severe contractionary impact). Does this...
Persistent link: https://www.econbiz.de/10009363708
their possible causes—including inadequate macroeconomic policy responses, delayed banking sector restructuring … groups that experienced banking crises in the 1990s—developed economies; emerging Asian economies and Latin American … growth rates of gross domestic product (GDP) and credit before their crises. The study also develops an econometric model of …
Persistent link: https://www.econbiz.de/10011278133
their possible causes—including inadequate macroeconomic policy responses, delayed banking sector restructuring … groups that experienced banking crises in the 1990s—developed economies; emerging Asian economies and Latin American … growth rates of gross domestic product (GDP) and credit before their crises. The study also develops an econometric model of …
Persistent link: https://www.econbiz.de/10011278189
stock market, economy credit ratings, and the exchange rate. The key domestic determinants of crisis incidence that I … consider are taken from the literature, and are measured in 2006 : real GDP per capita; the degree of credit market regulation … during the Great Recession, when could we ever expect them to be larger? …
Persistent link: https://www.econbiz.de/10009651638
stock market, economy credit ratings, and the exchange rate. The key domestic determinants of crisis incidence that I … consider are taken from the literature, and are measured in 2006 : real GDP per capita; the degree of credit market regulation … during the Great Recession, when could we ever expect them to be larger? …
Persistent link: https://www.econbiz.de/10009651649
country to fall into a recession from the current global economic crisis in July 2008. It was projected that the Singapore …
Persistent link: https://www.econbiz.de/10009363684
This paper argues that the subprime financial crisis reflects weakness in the real economy of the US from its start. Our comparison with prior US recessions indicates that the epicenters of most of the recessions were in the financial sector and that recessionary pressure was present in the last...
Persistent link: https://www.econbiz.de/10009363856
Japan has reached the limits of conventional macroeconomic policy. In order to overcome deflation and achieve sustainable economic growth, the Bank of Japan (BOJ) recently set an inflation target of 2% and implemented an aggressive monetary policy so this target could be achieved as soon as...
Persistent link: https://www.econbiz.de/10011134352
Japan has reached the limits of conventional macroeconomic policy. In order to overcome deflation and achieve sustainable economic growth, the Bank of Japan (BOJ) recently set an inflation target of 2% and implemented an aggressive monetary policy so this target could be achieved as soon as...
Persistent link: https://www.econbiz.de/10011134385
In mid-September 2008, following the bankruptcy of Lehman Brothers, international interbank markets froze and interbank lending beyond very short maturities virtually evaporated. Despite massive central bank support operations and purchases of key assets, many financial markets remained impaired...
Persistent link: https://www.econbiz.de/10009653205