Showing 1 - 10 of 13
Persistent link: https://www.econbiz.de/10013420816
This paper attempts to examine the impact of an East Asia FTA on trade patterns in East Asia by using a multi … Asia FTA on GDP and welfare of member countries are generally positive, while the impacts on non-members are negative … sectors increase, reflecting a shift in incentives from domestic sales to export sales. Finally, an East Asia FTA will promote …
Persistent link: https://www.econbiz.de/10012468521
We examine labor market integration in east and southeast Asia (ESEA) during the 1980s, focusing on intraregional labor …
Persistent link: https://www.econbiz.de/10012473705
Persistent link: https://www.econbiz.de/10013480821
This paper reaches seven conclusions regarding the Yen Bloc that Japan is reputed to be forming in Pacific Asia. (1 …) Gravity-model estimates of bilateral trade show that the level of trade in East Asia is biased intra-regionally, as it is … is no evidence of a special Japan effect. (3) Once one properly accounts for rapid growth in Asia, the statistics do not …
Persistent link: https://www.econbiz.de/10012474929
This paper provides an asymmetric information analysis of the recent East Asian crisis. It then outlines several lessons from this crisis. First, there is a strong rationale for an international lender of last resort. Second, without appropriate conditionality for this lending, the moral hazard...
Persistent link: https://www.econbiz.de/10012470928
Asia countries. Panel cointegrating regression uncovers a significantly positive elasticity of substitution between … government and private consumption, implying on average government and private consumption are substitutes in East Asia. Country …
Persistent link: https://www.econbiz.de/10012466233
of the effective exchange rates as more countries applied the AMU peg system in East Asia. Second, the AMU peg system …
Persistent link: https://www.econbiz.de/10012466470
This paper develops an interpretation of the Asian meltdown focused on moral hazard as the common source of overinvestment, excessive external borrowing, and current account deficits. To the extent that foreign creditors are willing to lend to domestic agents against future bail-out revenue from...
Persistent link: https://www.econbiz.de/10012472030
We test the hypothesis that hedge funds were responsible for the crash in the Asian currencies in late 1997 . To do so, we develop estimates of the changing positions of the largest ten currency funds in one currency, the Malaysian ringgit and to a basket of Asian currencies. Our methodology is...
Persistent link: https://www.econbiz.de/10012472381