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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
securities, with emphasis on Japan and developing Asia. We find that foreign residents generally increased their holdings of …
Persistent link: https://www.econbiz.de/10010336962
Asia's bank-centered financial systems require the reduced supply-demand gap in lending as a core policy pillar to … their financial accessibility. The rapid growth of emerging Asia is generating SMEs' long-term funding needs and requires … potential of capital market financing for SMEs in emerging Asia, reviewing the challenges of existing SME capital markets and …
Persistent link: https://www.econbiz.de/10010241374
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
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
inclusive economic growth in most economies in Asia. Adequate access to finance is crucial for SMEs to survive and eventually … grow beyond their SME status. In Asia, the reality is that SMEs have poor access to finance. It is one of the core factors … system in Asia. This paper discusses a new regime of SME finance amid an era of global imbalances, with empirical analyses of …
Persistent link: https://www.econbiz.de/10009697226
In understanding the proliferation of free trade agreements (FTAs) in Asia since 2000, it is important to distinguish … total of 34 Enabling Clause-based FTAs in effect around the globe, more than half of them are located in Asia. Moreover, the … way the Enabling Clause is used by developing countries in Asia is very different from other regions. Outside of Asia, the …
Persistent link: https://www.econbiz.de/10009697228
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
As tariffs are increasingly being reduced, trade economists and policymakers have begun to emphasize the importance of reducing non-tariff trade costs to facilitate international trade flows. However, the measurement of trade costs and transport costs, in particular, is not an easy task. For...
Persistent link: https://www.econbiz.de/10009697259
Is intraregional trade in Asia really integrating? It is not easy to answer this ostensibly simple question. There are … agreements [FTAs]), the number of signed FTAs in Asia is growing but the relation between trade interdependence and the signing …
Persistent link: https://www.econbiz.de/10009697278