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and developing economies (EMDEs) (including in Asia), the growth response to investment shocks is positive and much …
Persistent link: https://www.econbiz.de/10015055297
Using the "trilemma indexes" developed by Aizenman et al. (2008) that measure the extent of achievement in each of the three policy goals in the trilemma - monetary independence, exchange rate stability, and financial openness - this paper examines how policy configurations affect macroeconomic...
Persistent link: https://www.econbiz.de/10003913743
"This paper investigates the determinants of past changes in the labor force of 12 emerging Asian countries, and attempts to make projections of the labor force in those countries for the period 2010-f 2030. Results from the regression analysis indicate that the labor force has grown faster than...
Persistent link: https://www.econbiz.de/10008749747
borderless. This paper assesses the progress achieved thus far in capital market integration in Asia, and compares regional … that while the pace of regional integration of financial markets in Asia's emerging economies has accelerated in recent …-market returns driven by financial turmoil originating at both the regional and global levels spills over into emerging Asia domestic …
Persistent link: https://www.econbiz.de/10009781172
More than 20 years after the Asian financial crisis, the region's continued high reliance on United States (US) dollar-denominated funding has significant implications for the transmission of global financial conditions to domestic financial and macroeconomic circumstances. Given limited...
Persistent link: https://www.econbiz.de/10012485240
analysis and market-based risk measures well complement conventional debt sustainability analysis for Asia. …
Persistent link: https://www.econbiz.de/10011579024
The issue of decoupling is controversial. On the back of Asia's sustained high growth, the hypothesis that the region …'s business cycles would become increasingly independent of the global trend gained considerable attention. Asia was nonetheless … of macroeconomic interdependence between emerging East Asia and Group of 3 economies. First, the progress of regional …
Persistent link: https://www.econbiz.de/10011581854
This paper examines the effectiveness of capital account policy in terms of its ability to affect the volume and composition of capital flows, relieve pressures on real exchange rates, and foster monetary policy independence. Ten emerging Asian economies are used as case studies to assess the...
Persistent link: https://www.econbiz.de/10012020535
We explore the potential roles of industrial policy in the transition from middle-income to high-income status, and the actual experience of industrial policy in emerging economies. Guided by the conceptual framework of the neo-Schumpeterian approach, we look at industrial policy in the context...
Persistent link: https://www.econbiz.de/10011802103
capita even under our "low growth" scenario, poverty in developing Asia continues to decline in 2009 and 2010. What gets …
Persistent link: https://www.econbiz.de/10003832214