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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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Patterns of Shocks and Regional Monetary Cooperation in South Asia
Maskay, Nephil Matangi - International Monetary Fund (IMF) - 2003
? Data from South Asia suggest that member states have minor trade linkages and face asymmetrical patterns of shocks. This …
Persistent link: https://www.econbiz.de/10005825897
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An Institutional Framework for Comparing Emerging Market Currency Boards
Gilson, Marie-Thérèse Camilleri - International Monetary Fund (IMF) - 2004
Argentina (until 2001), Eastern Europe, and Asia. An index of precommitment is derived from an analysis of legislative …
Persistent link: https://www.econbiz.de/10005826104
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The Interest Rate-Exchange Rate Nexus in the Asian Crisis Countries
Ghosh, Atish R.; Basurto, Gabriela - International Monetary Fund (IMF) - 2000
Sharp exchange rate depreciations in the East Asian crisis countries (Indonesia, Korea, and Thailand) raised doubts about the efficacy of increasing interest rates to defend the currency. Using a standard monetary model of exchange rate determination, this paper shows that tighter monetary...
Persistent link: https://www.econbiz.de/10005826134
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Sovereign Spreads and Contagion Risks in Asia
Unsal, D. Filiz; Caceres, Carlos - International Monetary Fund (IMF) - 2011
This paper explores how much of the movements in the sovereign spreads of Asian economies over the course of the global financial crisis has reflected shifts in (i) global risk aversion; (ii) country-specific risks, directly from worsening fundamentals, and indirectly from spillovers originating...
Persistent link: https://www.econbiz.de/10009151202
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Current Account Rebalancing and Real Exchange Rate Adjustment Between the U.S. and Emerging Asia
Sandri, Damiano; Rabanal, Pau; Méjean, Isabelle - International Monetary Fund (IMF) - 2011
A reduction in the U.S. current account deficit vis-à-vis emerging Asia involves a shift in demand from U.S. to … emerging Asia tradable goods and a change in international relative prices. This paper quantifies the required adjustment in … Asia. We compare scenarios where both Chinese and other emerging Asian export prices change by the same proportion to the …
Persistent link: https://www.econbiz.de/10008876596
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Managing Financial Crises; The Experience in East Asia
Lane, Timothy D.; Hamann, A. Javier; Schulze-Gattas, … - International Monetary Fund (IMF) - 2000
The Asian financial crisis of 1997-98 was one of the most dramatic economic events of recent times, which raised many questions regarding the appropriate policy response to financial crises. This paper reviews the experience of this crisis, focusing on the overall strategy of crisis management...
Persistent link: https://www.econbiz.de/10005263845
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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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Two Approaches to Resolving Nonperforming Assets During Financial Crises
Woo, D. - International Monetary Fund (IMF) - 2000
The unprecedented rise in nonperforming assets during the recent Asian financial crisis severely tested the limit and capacity of the existing asset management infrastructure, leading policymakers to consider new approaches to resolve them. This paper examines two such approaches—the creation...
Persistent link: https://www.econbiz.de/10005826132
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Mitigating the Social Costs of the Economic Crisis and the Reform Programs in Asia
Bogetic, Željko; Gupta, Sanjeev; McDonald, Calvin A.; … - International Monetary Fund (IMF) - 1998
Persistent link: https://www.econbiz.de/10005826706