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One of the reasons behind the financial crisis in 1997 was the excessive dependence of Asian economies on commercial banks for domestic financing. Banks were the major source of corporate financing because bond markets were underdeveloped and small. To enhance corporate bond financing, it is...
Persistent link: https://www.econbiz.de/10013122027
This paper examines the motivation for, and the success of, regional efforts in Asia to promote local currency bond …
Persistent link: https://www.econbiz.de/10013142018
This paper examines the motivation for, and the success of, regional efforts in Asia to promote local currency bond …
Persistent link: https://www.econbiz.de/10010279833
currency and foreign currency liquidity in the corporate sector, as foreign banks withdrew investments from Asia. Furthermore …, Asia needs large quantities of capital (US$750 billion per year for 2010-2020) to develop infrastructure connectivity … Asia include the size of an economy, the stage of economic development, the openness of an economy, the size of the banking …
Persistent link: https://www.econbiz.de/10010279840
Rapid population ageing and economic transformation in Asia raise the policy challenge of ensuring income security in … schemes in Asia, informed by insights from theory and international experience. The paper identifies alternative forms of …
Persistent link: https://www.econbiz.de/10010397227
capital markets. The main policy implication is that governments in Asia should continue and/or strengthen pension reforms …
Persistent link: https://www.econbiz.de/10010397236
Trade integration and free trade agreement (FTA)-led cooperation between Asia and Latin America has increased since the … early 2000s. Using new criteria, this paper examines whether Asia-Latin America FTAs have facilitated market-led integration … by liberalizing trade and behind the border regulatory barriers. Overall Asia-Latin America FTAs provide the foundations …
Persistent link: https://www.econbiz.de/10010397259
Rapid trade-led economic growth in emerging Asia has been shifting the global economic and industrial centres of … gravity away from the north Atlantic, raising the importance of Asia in world trade but also altering the commodity … composition of trade by Asia and other regions. What began with Japan in the 1950s and the Republic of Korea and Taipei,China from …
Persistent link: https://www.econbiz.de/10010397264
This paper evaluates the extent of exchange rate coordination among Asian economies using a hypothetical Asian Currency Unit. Rising interdependence among Asian economies makes it vital for these economies to have a certain degree of exchange rate stability. However, the empirical evidence using...
Persistent link: https://www.econbiz.de/10010397277
in the Asian region. Our second recommendation is for the East Asia Summit (ASEAN+10) to set up a high level working …
Persistent link: https://www.econbiz.de/10010397300