Showing 151 - 160 of 190
currencies seem to matter for exchange rate determination in Asia beyond the very short term. To this end, we employ country …
Persistent link: https://www.econbiz.de/10010286157
the lessons of Asia were applied. Compared to the Asian programs of 1997, the European programs of 2008 were better funded … the way the IMF does its business, Asia appears to remain unengaged. The lesson Asia should draw from Europe is that it … learned in Asia over 10 years ago be applied back in Asia to benefit its own people. …
Persistent link: https://www.econbiz.de/10010286159
preventing and mitigating financial crises? This paper reviews and compares the experiences of Europe and Asia, which have taken … this background, the crisis is a wake-up call for further progress on monetary integration in Asia along the lines of the …
Persistent link: https://www.econbiz.de/10010286161
crisis has discouraged United States (US) private consumption, which in turn has significantly reduced exports from Asia …. However, Asia's private consumption is at a very low level even when compared with the current reduced US private consumption …
Persistent link: https://www.econbiz.de/10010286163
In this paper I review the use of precautionary measures aimed at mitigating emerging markets' exposure to fragility associated with financial integration. The discussion draws possible lessons from the ongoing global liquidity crisis. The fear of losing international reserves (IR) constrained...
Persistent link: https://www.econbiz.de/10010286164
, suggesting the possible start of a top-down approach. Based on the results of a survey of Asia's opinion leaders conducted by the … Asian Development Bank (ADB) in 2010, this paper discusses how Asia's institutional architecture for economic and financial …
Persistent link: https://www.econbiz.de/10010286167
This paper tests the hypothesis that the links and leadership/dependency relationships between the People's Republic of China (PRC), the United States (US), and the other large Asian economies have changed over the past 20 years with the industrialization of the PRC economy. We use time-varying...
Persistent link: https://www.econbiz.de/10010286168
Many developing countries have attempted to pursue the East Asian growth model in recent decades. This model is widely perceived to have been based on export-led growth. Given that developed countries are likely to grow at a slower rate and be less willing to run trade deficits in the...
Persistent link: https://www.econbiz.de/10010286185
development banks in the area of development finance). Asia could contribute to this transformation by building effective …
Persistent link: https://www.econbiz.de/10010286186
Pegging in a coordinated way to a regional basket currency is considered by many as optimal for east-Asian countries. By contrast, according to existing empirical studies, these countries have most often relied on noncooperative United States dollar or G3 pegs. We show for the first time that by...
Persistent link: https://www.econbiz.de/10010286195