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Preferential Trade Agreements in the Asia-Pacific Region
Feridhanusetyawan, Tubagus - International Monetary Fund (IMF) - 2005
Preferential trade agreements (PTAs) in the Asia-Pacific region have proliferated rapidly over the past five years and … potential gains from Asia-Pacific PTAs requires a commitment to liberalize sensitive sectors, to maintain consistent provisions …
Persistent link: https://www.econbiz.de/10005599528
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Euro Area Policies; 2007 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Direct...
International Monetary Fund (IMF); International … - 2007
The Euro Area Policies’ 2007 Article IV Consultation reports that the economy is poised for a sustained upswing because of cyclical considerations and policies, which have had a forward-looking cast. The area’s external position and the real effective exchange rate of the euro are...
Persistent link: https://www.econbiz.de/10011245374
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Developing Essential Financial Markets in Smaller Economies; Stylized Facts and Policy Options
International Monetary Fund (IMF); International … - 2008
This paper surveys the foreign exchange markets, money and secondary government security markets, and stock exchanges in 107 smaller economy countries. The underdevelopment of these markets impedes risk transfer, monetary policy, corporate financing, and the capacity to absorb capital inflows....
Persistent link: https://www.econbiz.de/10011245902
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European Union Enlargement and Equity Markets in Accession Countries
Podpiera, Richard; Dvorák, Tomás - International Monetary Fund (IMF) - 2005
The announcement of the European Union enlargement coincided with a dramatic rise in stock prices in accession countries. This paper investigates the hypothesis that the rise in stock prices was a result of the repricing of systematic risk due to the integration of accession countries into the...
Persistent link: https://www.econbiz.de/10005768729
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A Quantitative Assessment of Financial Conditions in Asia
Osorio, Carolina; Unsal, D. Filiz; Pongsaparn, Runchana - International Monetary Fund (IMF) - 2011
used as a leading indicator. Based on the FCI, financial conditions in Asia tightened substantially earlier in the global … crisis, reflecting losses in the stock markets and tighter credit conditions. In early 2010, financial conditions in Asia …
Persistent link: https://www.econbiz.de/10009203540
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The Evolution of Asian Financial Linkages; Key Determinants and the Role of Policy
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...
Persistent link: https://www.econbiz.de/10011242367
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Risk Sharing and Financial Contagion in Asia; An Asset Price Perspective
Rungcharoenkitkul, Phurichai - International Monetary Fund (IMF) - 2011
This paper assesses financial integration in Asia in terms of risk-sharing benefit versus financial-contagion cost. We … discount factors. Risk sharing is low in Asia, and varies across time and countries, whereas contagion risks are more … differentials. Asia, therefore, can potentially enhance risk sharing without raising contagion risk. …
Persistent link: https://www.econbiz.de/10009369441
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Determinants of Credit Growth and Interest Margins in the Philippines and Asia
Tan, Tatum Blaise Pua - International Monetary Fund (IMF) - 2012
Despite robust deposit growth, credit growth has been sluggish in the Philippines. We attribute this to legacy weaknesses in bank balance sheets, consumption-led economic growth, and relatively high net interest margins. Bank-level analysis suggests that interest margins in the Philippines rise...
Persistent link: https://www.econbiz.de/10010790364
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Policy Responses to Capital Flows in Emerging Markets
Pradhan, Mahmood; Balakrishnan, Ravi; Baqir, Reza; … - International Monetary Fund (IMF) - 2011
Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience...
Persistent link: https://www.econbiz.de/10010790479
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Asia’s Stock Markets: Are There Crouching Tigers and Hidden Dragons?
Lipinsky, Fabian; Ong, Li Lian - International Monetary Fund (IMF) - 2014
Stock markets play a key role in corporate financing in Asia. However, despite their increasing importance in terms of …€œnoise†in stock pricing, which suggests that improvements in the regulation of securities markets in Asia could enhance the role …
Persistent link: https://www.econbiz.de/10011142146