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Asian Financial Integration; Trends and Interruptions
Borensztein, Eduardo; Loungani, Prakash - International Monetary Fund (IMF) - 2011
The paper compares trends in financial integration within Asia with those in industrialized countries and other …
Persistent link: https://www.econbiz.de/10008839330
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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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Financial Versus Monetary Mercantilism; Long-Run View of the Large International Reserves Hoarding
Lee, Jaewoo; Aizenman, Joshua - International Monetary Fund (IMF) - 2006
-run perspective, manufacturing exporters in East Asia adopted financial mercantilism-subsidizing the cost of capital- during decades …
Persistent link: https://www.econbiz.de/10005768855
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Did Output Recover From the Asian Crisis?
Cerra, Valerie; Saxena, Sweta Chaman - International Monetary Fund (IMF) - 2003
This paper investigates the extent to which output has recovered from the Asian crisis. A regime-switching approach that introduces two state variables is used to decompose recessions in a set of six Asian countries into permanent and transitory components. While growth recovered fairly quickly...
Persistent link: https://www.econbiz.de/10005604941
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Financial Repression and Exchange Rate Management in Developing Countries; Theory and Empirical Evidence for India
Kohli, Renu; Kletzer, Kenneth - International Monetary Fund (IMF) - 2001
Most developing countries have imposed restrictions on domestic and international financial transactions at one time or another. Such restrictions have allowed governments to generate significant proportions of their revenues from financial repression while restraining inflation. The eventual...
Persistent link: https://www.econbiz.de/10005826206
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FDI Flows to Asia; Did the Dragon Crowd Out the Tigers?
Mercereau, Benoît - International Monetary Fund (IMF) - 2005
FDI from other countries in Asia. We develop a new methodology to estimate crowding out, and we use it to investigate the … impact of China's emergence on FDI flows to Asia using data from 14 Asian economies from 1984 to 2002. The results suggest …
Persistent link: https://www.econbiz.de/10005769097
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Currency Crises in Developed and Emerging Market Economies; A Comparative Empirical Treatment
Fontaine, Thomson - International Monetary Fund (IMF) - 2005
This paper takes a step in empirically testing the implications of a number of theoretical models that attempt to highlight the dynamics behind currency crises. By focusing on countries with broadly disparate economic and political arrangements, the study attempts to determine the extent to...
Persistent link: https://www.econbiz.de/10005599757
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Devaluation Expectations and the Stock Market; The Case of Mexico in 1994/1995
Becker, Törbjörn I.; Richards, Anthony J.; Gelos, Gaston - International Monetary Fund (IMF) - 2000
Using company-level data, this paper examines the relative stock-market performance of firms with different foreign-exchange exposures around the time of the 1994/95 Mexican crisis. Contrary to what one might have expected given the alleged peso overvaluation, exporting firms outperformed the...
Persistent link: https://www.econbiz.de/10005605336
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Financial Integration and Rebalancing in Asia
Unteroberdoerster, Olaf; Pongsaparn, Runchana - International Monetary Fund (IMF) - 2011
The paper shows that Asia's degree of financial integration, both with the world and within the region remains low by …
Persistent link: https://www.econbiz.de/10009369446
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Bond Markets As Conduits for Capital Flows; How Does Asia Compare?
Luengnaruemitchai, Pipat; Eichengreen, Barry J. - International Monetary Fund (IMF) - 2006
of financial integration or interrelatedness, asking how Asia compares with Europe and Latin America and with the base … more financially integrated than other regions. Asia, more interestingly, already seems to have made more progress on this … sample suggest that one factor holding back investment in foreign bonds in East Asia may be limited geographical …
Persistent link: https://www.econbiz.de/10005769016