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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....
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"Economic growth, inflation, and interest rates have declined in Asia. Sustaining Economic Growth in Asia explores the …A historical perspective on the secular stagnation hypothesis and its relevance for Asia -- Asia : at risk of growing … old before becoming rich? -- Invention, productivity, and the evolution of East Asia's innovation systems -- Secular …
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This book analyzes the importance for Asia of rebalancing its growth model toward domestic demand, and what such a …
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