Showing 1 - 10 of 186
While capital flows to emerging markets bring numerous benefits, they are also known to create macroeconomic imbalances (economic overheating, currency overvaluation) and increase financial vulnerabilities (domestic credit growth, bank leverage, foreign currency-denominated lending). But are all...
Persistent link: https://www.econbiz.de/10011653787
This study reviews the evolution of financial markets, institutions, and policy frameworks in the economy of the Republic of Korea over the two decades since the 1997 Asian financial crisis and assesses their effectiveness in reducing the likelihood and adverse effects of future financial...
Persistent link: https://www.econbiz.de/10011944174
In the run-up to the 2008 global financial crisis, there was frequent discussion of Asia having decoupled from economic shock transmission originating in Europe or North America. Much of the basis for these arguments was related to the rapid expansion of intraregional trade in Asia. This paper...
Persistent link: https://www.econbiz.de/10010279805
Trade can and should play an important role in making progress to achieve the Sustainable Development Goals. This includes trade and investment in services, as realizing many of the goals is conditional on improved performance of services sectors in developing countries. The global environment...
Persistent link: https://www.econbiz.de/10011688689
In May 2013 the ASEAN+6 countries began to negotiate the Regional Comprehensive Economic Partnership (RCEP). The objective of this paper is to analyze the feasibility of constructing such a region-wide agreement and to examine ways to multilateralize it. The paper first reviews free trade...
Persistent link: https://www.econbiz.de/10010397228
economy. It involves liberalization and facilitation of trade in goods, services, and investment, as well as protection and … removal of non-tariff barriers (NTBs) and services and investment liberalization. In summary, the AEC has come a long way, but … management capability to fulfill all goals in the AEC Blueprint and embark on further liberalization, rationalization, and …
Persistent link: https://www.econbiz.de/10010397257
countries, especially emerging market ones, are to volatile capital flows as a result of global financial liberalization. …
Persistent link: https://www.econbiz.de/10010286160
We present a theoretical framework for policy making based on the "impossible trinity" or the "trilemma" hypothesis. A simple optimization model shows that placing more weight in terms of preference for each of the three open macroeconomic policies - exchange rate stability, financial market...
Persistent link: https://www.econbiz.de/10010397242
countries, especially emerging market ones, are to volatile capital flows as a result of global financial liberalization …
Persistent link: https://www.econbiz.de/10013144649
This paper presents a theoretical framework for policy making based on the “impossible trinity” or the “trilemma” hypothesis. A simple optimization model shows that placing more weight in terms of preference for each of the three open macroeconomic policies — exchange rate stability,...
Persistent link: https://www.econbiz.de/10013059742