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Using the “trilemma indexes” developed by Aizenman et al. (2008) that measure the extent of achievement in each of the three policy goals in the trilemma — monetary independence, exchange rate stability, and financial openness — this paper examines how policy configurations affect...
Persistent link: https://www.econbiz.de/10013142882
The global financial crisis underlined that sound and effective bank regulation is vital to financial stability. Assessments of the global financial crisis invariably point to ineffective finance regulation and supervision as the main reasons for the onset of the crisis and its severity. In...
Persistent link: https://www.econbiz.de/10013009689
Developing Asia's financial depth as a whole compares favorably with other parts of the developing world, but there are …
Persistent link: https://www.econbiz.de/10013002510
We examine the determinants of financial development in Asia and the Pacific from 1995 to 2011. To do so, we apply the …
Persistent link: https://www.econbiz.de/10013009668
This paper studies the effects of the United States' (US) quantitative easing on Asia by examining capital flows and …
Persistent link: https://www.econbiz.de/10013080288
borderless. This paper assesses the progress achieved thus far in capital market integration in Asia, and compares regional … that while the pace of regional integration of financial markets in Asia's emerging economies has accelerated in recent …-market returns driven by financial turmoil originating at both the regional and global levels spills over into emerging Asia domestic …
Persistent link: https://www.econbiz.de/10013080289
implications for Asia which, despite being the new engine of growth to the world economy, continues to be challenged by the … persistent gap between developments in its financial and real sectors. This paper examines how Asia's financial and economic …, and shallow regional financial markets. The situation compromises Asia's ability to respond to the financial needs of its …
Persistent link: https://www.econbiz.de/10013111393
The pullbacks of capital inflows to developing Asia following the onset of the global financial crisis in 2008 have …
Persistent link: https://www.econbiz.de/10013142096
educational attainment, especially at the secondary level, has significantly improved emerging Asia's educational achievement … educational expenditures account for higher educational enrollment. But Asia's average years of schooling are forecast to increase … put emerging Asia's educational capital in 2030 at only the 1970 level of the advanced countries, or still 3.5 years …
Persistent link: https://www.econbiz.de/10013138114
This paper examines the nexus between capital flows and real exchange rate (RER) in emerging Asian countries using a dynamic panel-data model for 2000-2009. In contrast to previous studies, capital flows here are separated into foreign direct investment (FDI), portfolio investment, and other...
Persistent link: https://www.econbiz.de/10013138146