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The pullbacks of capital inflows to developing Asia following the onset of the global financial crisis in 2008 have …
Persistent link: https://www.econbiz.de/10003913748
We construct an index of financial development for 23 Asian economies based on subindices of access, depth, and efficiency of financial institutions and markets and find evidence that economies with weaker financial systems are catching up to the Asian benchmark economies, namely Hong Kong,...
Persistent link: https://www.econbiz.de/10011305280
We describe and assess two dimensions of the current state of bond market development in developing Asia: the role of … Asia and other regions. We highlight key drivers and constraints of bond market development in developing Asia …
Persistent link: https://www.econbiz.de/10011346220
Developing Asia's financial depth as a whole compares favorably with other parts of the developing world, but there are …
Persistent link: https://www.econbiz.de/10011346234
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
This paper studies the effects of the United States' (US) quantitative easing on Asia by examining capital flows and …
Persistent link: https://www.econbiz.de/10009781180
Recent international financial crises highlight the advantages of understanding the global financial system as a network of economies in which cross-border financial linkages are fundamental to the spread of systemic risk. We investigate the changing network of financial markets for six periods...
Persistent link: https://www.econbiz.de/10011903175
Persistent link: https://www.econbiz.de/10011579577
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
In this study, we attempt to understand the role of greater access to finance, i.e., stocks, bonds, and bank loans, in public-private partnership (PPP) investment in developing countries. Most developing countries still depend heavily on fiscal financing for infrastructure projects. Our...
Persistent link: https://www.econbiz.de/10011896301