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The establishment of the ASEAN Economic Community (AEC) at end-2015 has brought into sharp focus the issue of financial and economic integration in the region. This paper takes stock of ASEAN’s financial integration and prospects. ASEAN integration could accelerate in the years ahead; it...
Persistent link: https://www.econbiz.de/10011242386
investment, rose sharply while that of Japan fell. On the supply side, the paper documents the rise of China into a â …€œglobal factory†and the steady shift in regional production and integration from Japan and the United States to China. …, including the United States, to China and ROW. In addition, the share of China in East Asia’s final demand, especially …
Persistent link: https://www.econbiz.de/10008533222
Persistent link: https://www.econbiz.de/10005590873
How to entrench hard-won gains, increase resilience to shocks, and improve growth performance to reduce poverty? As Central America moves forward in regaining macroeconomic stability, these are the challenges. This study analyzes Central America’s real, fiscal, monetary, and financial...
Persistent link: https://www.econbiz.de/10005590924
This 2003 Article IV Consultation highlights that despite significant slowdowns in activity in some major overseas markets, New Zealand has maintained a strong pace of economic growth over the past three years. The economy’s performance reflected its enhanced flexibility, stemming from...
Persistent link: https://www.econbiz.de/10005591029
South Africa’s 2005 Article IV Consultation reports that the short-term outlook is broadly favorable, with the main risks arising from a possible worsening of the external environment. The authorities plan to maintain a flexible exchange rate, and to intervene in the foreign exchange...
Persistent link: https://www.econbiz.de/10005591179
Despite repeated shocks, the United States economy has provided valuable support for global growth. Executive Directors commended this development, and stressed the need to tighten fiscal and monetary policies. They welcomed the assessment of the fiscal transparency Reports on Observance of...
Persistent link: https://www.econbiz.de/10005591366
This 2004 Article IV Consultation highlights that the three-year Poverty Reduction and Growth Facility arrangement for Vietnam expired in April 2004. During the arrangement, Vietnam maintained strong economic growth and low inflation, and achieved further poverty reduction, supported by...
Persistent link: https://www.econbiz.de/10005591801
Tunisia showed strong economic performance, low inflation, and reduced poverty owing to its sound and transparent macroeconomic policies, trade liberalization, and social policies. Executive Directors commended this development, and stressed the need to tighten monetary and fiscal policies, and...
Persistent link: https://www.econbiz.de/10005591820
This Selected Issues paper characterizes the rapid expansion of Hong Kong Special Administrative Region’s (Hong Kong SAR) economic ties with the Mainland over the last two decades. It examines the possible impact on Hong Kong SAR of policy developments in the Mainland. The paper concludes...
Persistent link: https://www.econbiz.de/10005591827