Showing 1 - 10 of 130
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/10009621728
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
Asia. It finds broad geographical coverage of RTAs in the Americas, and evidence that these agreements have broadened and … looking to ensure well-functioning RTAs. It suggests that RTAs can encourage broader liberalization in Asia, but some sectors …
Persistent link: https://www.econbiz.de/10008936384
Industrialization experiences differ significantly across countries. We use a bench-mark model of structural change to shed light on the sources of this heterogeneity and, in particular, the phenomenon of premature deindustrialization. Our analysis leads to three key findings. First, benchmark...
Persistent link: https://www.econbiz.de/10012481434
of financial integration or interrelatedness, asking how Asia compares with Europe and Latin America and with the base … head and shoulders above other regions in terms of financial integration. More interesting is that Asia already seems to …, and greater transparency that lead to larger and better developed financial systems in Asia, something that is conducive …
Persistent link: https://www.econbiz.de/10012466257
Despite an enormous literature that has analyzed the comparative experiences of Latin America and Asia in post … highest tariff barriers on earth before 1914; Asia had the lowest. Protected Latin America's belle ‚poque also boasted some of … the most explosive growth performance on earth, while Asia registered some of the worst. What brought the two regions to …
Persistent link: https://www.econbiz.de/10012469302
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
Foreign portfolio flows may reflect deep changes in the functioning of an emerging market economy and its capital markets. Using a database of monthly net U.S. equity flows, we investigate the relation of these flows to the behavior of equity returns, the structural characteristics of the...
Persistent link: https://www.econbiz.de/10012472142
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
We take stock of and compare tax revenue trends in Asia and Latin America. The tax revenues to GDP ratios increased …
Persistent link: https://www.econbiz.de/10012456916