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Our paper examines the volatility spillover between the stock market and the foreign exchange market in Pakistan. For … the longrun relationship we use the Engle Granger two-step procedure and the volatility spillover is modelled through the … the two markets. The results from the volatility modelling show that the behaviours of both the stock exchange and the …
Persistent link: https://www.econbiz.de/10009365411
countries. Included are case studies of four developing countries in the Asian region—Malaysia, Indonesia, the Philippines …
Persistent link: https://www.econbiz.de/10009653141
countries. Included are case studies of four developing countries in the Asian region—Malaysia, Indonesia, the Philippines …
Persistent link: https://www.econbiz.de/10009653212
Despite creating a record of number of jobs in 2007 and 2008 (237,000 jobs in 2007 and 202,400 jobs in the first three quarters of 2008) and averaging a growth rate of nearly 10 percent from 2004 to 2007, Singapore was the first East Asian country to fall into a recession from the current global...
Persistent link: https://www.econbiz.de/10009363684
Financial safety nets in Asia have come a long way since the Asian Financial Crisis (AFC) of 1997–98. Not wanting to rely solely on the International Monetary Fund (IMF) again, the Chiang Mai Initiative (CMI) was created in 2000. When the CMI also proved inadequate following the...
Persistent link: https://www.econbiz.de/10011278018
This paper traces the effects of the “East Asian Miracle,†the 1997–1998 Asian Crisis, the recovery, and the 2008–2009 global financial crisis on ASEAN countries. It also considers how ASEAN countries can sustain growth by leveraging production networks to...
Persistent link: https://www.econbiz.de/10011278023
The need for fiscal consolidation and sustainability is one of the key macroeconomic issues confronting Indian economy. This paper attempts to understand India’s current fiscal situation, its likely future development, and its impact on the economy in the context of a weak...
Persistent link: https://www.econbiz.de/10011278027
This paper is an attempt to explain the changes to finance sector reforms under the Dodd-Frank Act in the United States and Basel III requirements globally; their unintended consequences; and lessons for currently fast-growing emerging markets concerning finance sector reforms,...
Persistent link: https://www.econbiz.de/10011278035
Using a dynamic global general equilibrium model, the paper assesses the short- and medium-term impacts of the global financial crisis on Asian economies and the implications of post-crisis adjustment in emerging East Asia (EEA) for the world economy. The analysis suggests that EEA is unlikely...
Persistent link: https://www.econbiz.de/10011278041
This paper traces the effects of the “East Asian Miracle,†the 1997–1998 Asian Crisis, the recovery, and the 2008–2009 global financial crisis on ASEAN countries. It also considers how ASEAN countries can sustain growth by leveraging production networks to...
Persistent link: https://www.econbiz.de/10011278075