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paper analyses the banks ownership and control structure. It finds that Pakistan has its own idiosyncrasies, which are …
Persistent link: https://www.econbiz.de/10009365050
Deflationary expansion has puzzled economists both in and outside China. We study this business cycles phenomenon within a model of discrete time dynamics. We find that deflationary expansion could be possible if driven by an overshooting in investing and if the state of the economy maintains...
Persistent link: https://www.econbiz.de/10009363924
The global financial crisis severely impacted Asia from late 2008 to early 2009 (Figure 1). Although the initial impact appeared limited, the region was directly hit when the crisis spread to the real sector and caused the volume of world trade to collapse. According to the latest projection by...
Persistent link: https://www.econbiz.de/10009363974
of the issues relevant to Asian central banks implementing an inflation targeting arrangement with specific focus on the …
Persistent link: https://www.econbiz.de/10009364006
China and India have both attempted distorting the exchange rate in order to foster exports-led growth. This is described as the Bretton Woods II framework, where developing countries buy bonds in the US and keep undervalued exchange rates, in order to foster export-led growth. The costs and...
Persistent link: https://www.econbiz.de/10009365475
Developing economies are seeking to promote financial inclusion, i.e., greater access to financial services for low-income households and firms, as part of their overall strategies for economic and financial development. This raises the question of whether financial stability and financial...
Persistent link: https://www.econbiz.de/10011278004
In this paper, we present two stylized models of the financial system. We make the case that in order to realize the potential of a well-functioning complete financial market, financial system designers and financial service providers will need to think about ways to deliver financial...
Persistent link: https://www.econbiz.de/10011278007
The Association of Southeast Asian Nations (ASEAN) is expected to benefit from the significant growth in the Asia-Pacific payments market. Growth in economic activity would increase the size, scale, and scope of payment transactions. Enabling the scale and scope of payments would in turn...
Persistent link: https://www.econbiz.de/10011278014
Developing economies are seeking to promote financial inclusion, i.e., greater access to financial services for low-income households and firms, as part of their overall strategies for economic and financial development. This raises the question of whether financial stability and financial...
Persistent link: https://www.econbiz.de/10011278019
system and their responsibility for payments and settlement systems, there is a broad consensus that central banks should … lessons for central banks, especially those in Asia’s emerging economies. Major topics discussed include the debate about …€ debate has been resolved largely in favor of the former, and that central banks should have a financial stability mandate and …
Persistent link: https://www.econbiz.de/10011278022