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Firm investment, liquidity, and bank health : a panel study of Asian firms in the 2000s
Ogawa, Kazuo - 2013
The purpose of this study is to investigate how firms responded to the deterioration of bank health during the financially turbulent periods in the 2000s in making investment decisions and in meeting demand for liquidity. A rise in uncertainty regarding the ability to obtain external funds may...
Persistent link: https://www.econbiz.de/10009734202
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Sovereign risk, elections, and contagion
Li, Chi; Balding, Christopher; Lee, Minsoo - 2013
This paper aims to quantify the political risk effect and its different economic implications in normal and crisis situations through the proxy analysis of election and the sovereign bond spreads. Our study leads to three main findings. First, in normal economic situations, elections and...
Persistent link: https://www.econbiz.de/10009781196
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Changing vulnerability in Asia : contagion and systemic risk
Dungey, Mardi H.; Kangogo, Moses; Volkov, V. V. - 2019
This paper investigates the changing network of financial markets between Asian markets and those of the rest of the world during January 2003−December 2017 to capture both the direction and strength of the links between them. Because each market chooses whether to connect with emerging...
Persistent link: https://www.econbiz.de/10012020460
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A contagion through exposure to foreign banks during the global financial crisis
Park, Cyn-Young; Shin, Kwanho - 2017
Although the global financial crisis of 2008 took root in the advanced countries, its shocks spread through the emerging economies, reflecting the increasingly interconnected global financial system. This paper develops an empirical methodology to test the contagion effect at the country level...
Persistent link: https://www.econbiz.de/10011703247
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Global banking network and regional financial contagion
Park, Cyn-Young; Shin, Kwanho - 2018
This paper investigates and tests the role of regional exposures in financial contagion from advanced to emerging market economies through the global banking network using data on cross-border bilateral bank claims and liability positions. We first examine whether an economy can become more...
Persistent link: https://www.econbiz.de/10011856333
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Three decades of international financial crises : what have we learned and what still needs to be done?
Buckley, Ross P.; Avgouleas, Emilios; Arner, Douglas W. - Asian Development Bank - 2020
Fragility that periodically erupts into a full-blown financial crisis appears to be an integral feature of market-based financial systems in spite of the emergence of sophisticated risk management tools and regulatory systems. If anything, the increased frequency of modern crises underscores how...
Persistent link: https://www.econbiz.de/10012232895
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Market-based approaches for managing the Asian environment : a review
Gunatilake, Herath (contributor);  … - 2008
in arresting continuing environmental degradation in the Asia and Pacific region. Quoting examples, the paper asserts …
Persistent link: https://www.econbiz.de/10003758443
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Extra-EU imports of clothing and EU preferential trade policies in the post-quota era : the position of Asian suppliers in the largest world market for clothing imports
James, William E. (contributor);  … - 2008
). This paper examines the competitive position of suppliers from developing Asia in the expanded EU clothing market relative …
Persistent link: https://www.econbiz.de/10003758447
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Capital outflows, sovereign wealth funds, and domestic financial instability in developing Asia
Park, Donghyun - 2008
Sovereign wealth funds (SWFs) are emerging as developing Asia's main policy tool for handling the region's excess …-risk, high-return investments, and are subject to a wide range of downside risks. The underlying nature of Asia's reserves, which … implication is that the transformation of Asia into a major exporter of capital raises the possibility that capital outflows can …
Persistent link: https://www.econbiz.de/10003767989
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Crises in Asia : historical perspectives and implications
Hong, Kiseok; Lee, Jong-Wha; Hsiao Chink Tang - 2009
frequent, longer lasting, and more severe in Asia than in the Organisation for Economic Co-operation and Development countries … financial crises or recessions in Asia. In view of the current global crisis and severe financial downturns, Asian economies are …
Persistent link: https://www.econbiz.de/10003832190