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Since the onset of the ongoing United States (US)-People's Republic of China (PRC) trade dispute in 2017, stakeholders and experts alike have expressed deep concerns that the tensions would come at a cost for the countries involved and the global economy. In this paper, we endeavor to quantify...
Persistent link: https://www.econbiz.de/10012301155
, emerging markets, and developing Asia. Financial and real economy effects of the crisis on Asia and various channels of … developing Asia are well prepared to cope with this crisis as a result of reforms undertaken in response to the Asian crisis of a … decade ago, and the fact that Asia has accumulated vast foreign exchange reserves through persistent current account …
Persistent link: https://www.econbiz.de/10003798227
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
Persistent link: https://www.econbiz.de/10008826336
The central objective of this paper is to empirically examine the issue of fiscal sustainability in developing Asia. To …
Persistent link: https://www.econbiz.de/10003984753
As the global crisis hit developing Asia, several countries instituted fiscal stimulus measures to create domestic … of the revenue shocks in developing Asia are cyclical rather than discretionary. …
Persistent link: https://www.econbiz.de/10008658807
This paper revisits the issue of the evolution and choice of exchange rate regimes in Asia. The paper first compiles … discussion on the appropriate exchange rate regimes for Asia in the future. …
Persistent link: https://www.econbiz.de/10008658817
It would be easy to say that central banks should consider asset prices as one of the objectives to avoid boom and bust cycles, as happened in the 2007-2009 crisis; the dotcom bubble of 2001; and the Japanese boom and bust of the 1980s and 1990s. However, its implementation would be theoretically...
Persistent link: https://www.econbiz.de/10008658822
In the wake of recent food price spikes, plus growing demands for food in emerging Asia and for biofuels in Europe and … options for ensuring food security in Asia and elsewhere. Those options include boosting agricultural productivity growth …
Persistent link: https://www.econbiz.de/10009546755
-income economies, respectively. Results pertaining to the Asia and Pacific region reveal infrastructure on telecommunications, roads …
Persistent link: https://www.econbiz.de/10009547006