Elekdag, Selim; Rungcharoenkitkul, Phurichai; Wu, Yiqun - International Monetary Fund (IMF) - 2012
This paper examines how Asian financial linkages with systemic economies have changed over time. After developing a factor model, it estimates Asian financial sensitivities to systemic economies, and then seeks to uncover their key determinants, which include trade and financial linkages, as...