Showing 1 - 10 of 82
This paper explores the impact of advanced countries' quantitative easing on emerging market economies (EMEs) and how macroprudential policy and good governance play a role in preventing potential financial vulnerabilities. We used confidential locational bank statistics data from the Bank for...
Persistent link: https://www.econbiz.de/10011561633
This paper proposes a new approach to evaluate contagion in financial markets. Our measure of contagion captures the co-incidence of extreme return shocks across countries within a region and across regions that cannot be explained by linear propagation models of shocks. We characterize the...
Persistent link: https://www.econbiz.de/10012470824
The COVID-19 pandemic has challenged global economies with unparalleled negative shock. Asia and Latin America have … America and Asia, such as the Latin American balance-of-payment crisis in the 1980s and a number of Latin American banking … challenged with worse debt dynamics and more limited access to dollar liquidity. Asia, instead, seems to have developed a much …
Persistent link: https://www.econbiz.de/10012490544
I analyze the risks in the banking systems in East Asia using the standard supervisory framework, which assesses … tests indicate that the largest banking systems in East Asia have a total of almost US$1.2 trillion in Tier 1 capital and a …
Persistent link: https://www.econbiz.de/10003901398
It has taken two crises - the Asian financial crisis of 1997-1998 and the global financial crisis of 2007-2009 - for the international community to seriously focus on the reform of the international financial architecture for crisis prevention, management and resolution. Facing the global...
Persistent link: https://www.econbiz.de/10003901587
rebalancing has special significance for Asia. While India, like other Asian economies, suffered only an indirect impact from the …
Persistent link: https://www.econbiz.de/10008907776
financial crisis on Asian economies and the implications of post-crisis adjustment in emerging East Asia (EEA) for the world …
Persistent link: https://www.econbiz.de/10008732262
This paper reviews recent state interventions in financial crises and draws lessons for crisis management. A number of areas are identified where crisis management could be strengthened, including with regard to the tools and instruments used to involve the private sector in crisis resolution...
Persistent link: https://www.econbiz.de/10008732347
This paper discusses the role of state intervention for prevention, containment, and resolution of financial crises based mainly on the Korean experience during the 1997 Asian financial crisis. Crises in emerging market and developing economies tend to be more complicated than those faced by...
Persistent link: https://www.econbiz.de/10003982933
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/10003982941