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Beyond the crisis : financial regulatory reform in emerging Asia

Lee, Chee Sung; Park, Cyn-Young - 2009

The main objective of this paper is to suggest reform measures to address the gaps and weaknesses in emerging Asia …'s financial regulatory and supervisory systems, on the basis of lessons drawn from the global crisis. For emerging Asia, the …-ranging financial reforms, emerging Asia will face dramatic changes in the global financial landscape. The region's authorities need to …

Persistent link: https://www.econbiz.de/10011283456

The financial role of East Asian economies in global imbalances : an econometric assessment of developments after the global financial crisis

I, Hyeon hun; Park, Donghyun - 2013

The central objective of this paper is to empirically assess how global imbalances have evolved since the global financial crisis of 2008/09. More specifically, we examine how the security investment positions of major East Asian economies in United States (US) financial markets - equities,...

Persistent link: https://www.econbiz.de/10010192390

The threat of financial contagion to emerging Asia's local bond markets : spillovers from global crises

Azis, Iwan J.; Mitra, Sabyasachi; Baluga, Anthony; … - 2013

This paper employs multivariate GARCH models with a BEKK specification to show significant shock and volatility spillovers from mature bond markets into select emerging Asian local currency bond markets. Results reveal that while the growth of individual bond markets in recent years has been...

Persistent link: https://www.econbiz.de/10009696941

Why do imports fall more than exports especially during crises? : evidence from selected Asian economies

Hsiao Chink Tang - 2012

This question is examined via a standard import specification augmented with differential and time-varying impacts of each component of aggregate demand: consumption, investment, government spending, and exports. Several important variables in explaining import demand such as credit conditions...

Persistent link: https://www.econbiz.de/10009697254

Economic crises and institutions for regional economic cooperation

Henning, C. Randall - 2011

This paper examines the extent to which economic crises facilitate the development of more effective regional institutions and whether such institutions can shield regions from crises. It compares six regional economic crises over the last four decades and the institution building - or decay -...

Persistent link: https://www.econbiz.de/10011283417

Responding to the global financial and economic crisis : meeting the challenges in Asia

Arner, Douglas W.; Schou-Zibell, Lotte - 2010

implications for finance in Asia, Douglas Arner and Lotte Schou-Zibell draw lessons for Asian financial systems with regard to the …

Persistent link: https://www.econbiz.de/10011283429

Global financial regulatory reforms : implications for developing Asia

Arner, Douglas W.; Park, Cyn-Young - 2010

relevance to Asia’s developing economies and hence require further attention at the regional level. We argue that global …

Persistent link: https://www.econbiz.de/10011283432

The 2008 financial crisis and potential output in Asia : impact and policy implications

Park, Cyn-Young; Majuca, Ruperto; Yap, Josef T. - 2010

Monitoring the behavior of potential output helps policymakers implement appropriate policies in response to an economic crisis. In the short-run, estimates of the output gap can guide the timing of the implementation and withdrawal of stimulus measures. In the medium- to long-term, these...

Persistent link: https://www.econbiz.de/10011283442

Crises in Asia : recovery and policy responses

Hong, Kiseok; Hsiao Chink Tang - 2010

The goal of this paper is to provide stylized facts on recovery from economic downturns and to evaluate the role of macroeconomic policies in promoting recovery. In particular, we examine gross domestic product (GDP) recessions and financial downturns (credit contractions and stock price...

Persistent link: https://www.econbiz.de/10011283446

The financial crisis and money markets in emerging Asia

Rigg, Robert - 2009

's markets. However, despite the higher liquidity and lower levels of global integration, the effects of the crisis in Asia were …

Persistent link: https://www.econbiz.de/10010529703