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Rethinking Capital Flows for Emerging East Asia
Grenville, Stephen - East Asian Bureau of Economic Research (EABER) - 2012
Since the 1980s, emerging countries have been urged to welcome foreign capital inflows. The result has often been a pattern of surges, where excessive inflows were followed by damaging “sudden stops†and reversals. This was dramatically evident in the Asian crisis of...
Persistent link: https://www.econbiz.de/10011278030
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Rethinking Capital Flows for Emerging East Asia
Grenville, Stephen - East Asian Bureau of Economic Research (EABER) - 2012
Since the 1980s, emerging countries have been urged to welcome foreign capital inflows. The result has often been a pattern of surges, where excessive inflows were followed by damaging “sudden stops†and reversals. This was dramatically evident in the Asian crisis of...
Persistent link: https://www.econbiz.de/10011278125
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The Impossible Trinity and Capital Flows in East Asia
Grenville, Stephen - East Asian Bureau of Economic Research (EABER) - 2011
The Impossible Trinity doctrine still holds a powerful sway over policymakers, advisors (particularly the International Monetary Fund [IMF]) and academia. In East Asia over the past decade, however, most countries have been able to maintain open capital markets, monetary policy...
Persistent link: https://www.econbiz.de/10009652202
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The Impossible Trinity and Capital Flows in East Asia
Grenville, Stephen - East Asian Bureau of Economic Research (EABER) - 2011
The Impossible Trinity doctrine still holds a powerful sway over policymakers, advisors (particularly the International Monetary Fund [IMF]) and academia. In East Asia over the past decade, however, most countries have been able to maintain open capital markets, monetary policy...
Persistent link: https://www.econbiz.de/10009652207
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Macroeconomic Impacts of Foreign Exchange Reserve Accumulation : Theory and International Evidence
Fukuda, Shin-ichi; Kon, Yoshifumi - East Asian Bureau of Economic Research (EABER) - 2010
investment and economic growth. We provide empirical support for our theoretical analysis using panel data from the Penn World …, but can also enhance investment and economic growth. The positive impact on economic growth, however, disappears when we … control the impact through investment. …
Persistent link: https://www.econbiz.de/10009364008
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International Reserves and Swap Lines in Times of Financial Distress : Overview and Interpretations
Aizenman, Joshua - East Asian Bureau of Economic Research (EABER) - 2010
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/10009363868
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Capital Inflows, Inflation and Exchange Rate Volatility : An Investigation for Linear and Nonlinear Causal Linkages
Rashid, Abdul; Husain, Fazal - East Asian Bureau of Economic Research (EABER) - 2010
the investment-saving gap. Adherents to that view advise countries to launch capital account liberalisation. In this study …
Persistent link: https://www.econbiz.de/10009363920
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The Role of Macroeconomic Policy in Rebalancing Growth
Morgan, Peter J. - East Asian Bureau of Economic Research (EABER) - 2010
should be balanced to maintain government debt stability and avoid crowding out of private investment, there may be … insufficient investment is the main factor behind high current account surpluses in Asian economies. This implies that measures to … insurance, unemployment insurance and pensions, as well as investment in education, are seen as key ways to reduce household …
Persistent link: https://www.econbiz.de/10011278107
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The Role of Macroeconomic Policy in Rebalancing Growth
Morgan, Peter J. - East Asian Bureau of Economic Research (EABER) - 2010
should be balanced to maintain government debt stability and avoid crowding out of private investment, there may be … insufficient investment is the main factor behind high current account surpluses in Asian economies. This implies that measures to … insurance, unemployment insurance and pensions, as well as investment in education, are seen as key ways to reduce household …
Persistent link: https://www.econbiz.de/10011278160
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The Role of Macroeconomic Policy in Rebalancing Growth
Morgan, Peter J. - East Asian Bureau of Economic Research (EABER) - 2010
should be balanced to maintain government debt stability and avoid crowding out of private investment, there may be … insufficient investment is the main factor behind high current account surpluses in Asian economies. This implies that measures to … insurance, unemployment insurance and pensions, as well as investment in education, are seen as key ways to reduce household …
Persistent link: https://www.econbiz.de/10011278217