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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
The taper tantrum episode induced a sudden outflow of capital from emerging markets back to the United States. This paper analyzes exchange market pressure in 93 developing and emerging market economies during this episode, drawing on recent methodological improvements in measuring exchange...
Persistent link: https://www.econbiz.de/10012020466
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
in arresting continuing environmental degradation in the Asia and Pacific region. Quoting examples, the paper asserts …
Persistent link: https://www.econbiz.de/10003758443
). 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
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
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
. An overwhelming response across Asia as international oil prices spiked in 2008 was to shield domestic consumers more …. Additionally, in combination with lower growth rates, higher spending to rev up demand across Asia is also worsening the fiscal …
Persistent link: https://www.econbiz.de/10003832198
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
developing Asia. More specifically, we examine the root causes of the large and persistent current account surpluses that have … of welfare and economic growth. Based on our analysis, we recommend a number of concrete policy directions to help Asia …
Persistent link: https://www.econbiz.de/10003832220