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the financial sector; improving governance; and eliminating other impediments created by market, institutional, or policy … external trade and finance - including foreign direct investment, remittances, and aid - play a critical role. It is therefore …
Persistent link: https://www.econbiz.de/10008658813
Global current account imbalances are one of the key macroeconomic imbalances that underlie the global financial crisis … emerged in the region since the Asian crisis. We also explore the consequences of global imbalances for the region, in terms …
Persistent link: https://www.econbiz.de/10003832220
The global economy is threatened with a deep and prolonged recession as a consequence of the financial meltdown that … began with the housing price crisis in the United States. The financial implications of the global macroeconomic imbalances …, emerging markets, and developing Asia. Financial and real economy effects of the crisis on Asia and various channels of …
Persistent link: https://www.econbiz.de/10003798227
the impacts of the global crisis, with emphasis on the labor market, on three Asian countries: Republic of Korea (Korea …
Persistent link: https://www.econbiz.de/10003899265
current global crisis and the Asian financial crisis have become evident. Solid domestic institutions, especially in the …The pullbacks of capital inflows to developing Asia following the onset of the global financial crisis in 2008 have … brought renewed attention to the role and benefits of financial globalization. A number of notable distinctions between the …
Persistent link: https://www.econbiz.de/10003913748
The central objective of this paper is to empirically examine the issue of fiscal sustainability in developing Asia. To do so, we first diagnose the region's public finances by analyzing the evolution of key fiscal indicators over time and across subregions. We then estimate fiscal policy...
Persistent link: https://www.econbiz.de/10003984753
. Assessments of the global financial crisis invariably point to ineffective finance regulation and supervision as the main reasons …The global financial crisis underlined that sound and effective bank regulation is vital to financial stability … outbreak. The crisis reflected the failure of regulatory authorities to keep pace with financial innovation. Bank supervision …
Persistent link: https://www.econbiz.de/10011305260
Developing Asia's financial depth as a whole compares favorably with other parts of the developing world, but there are … financial systems in Bangladesh, Cambodia, Georgia, Mongolia, and Papua New Guinea. All are low-income and lower … financial institutions and markets. Financial regulators in these countries face a difficult trade-off between promoting …
Persistent link: https://www.econbiz.de/10011346234
This study examines the effects of capital account restrictions on capital flows in nine Asian economies over the …
Persistent link: https://www.econbiz.de/10010528529
The squeeze in US dollar liquidity that emerged with the global financial crisis highlighted the risks associated with … the current global financial system. Asia was adversely affected by the crisis not only because of its dependence on trade … existence of appropriate financial infrastructure could reduce the relatively larger costs of bilateral currency transactions …
Persistent link: https://www.econbiz.de/10009734182