Showing 1 - 10 of 110
With a fixed peg to the U.S. dollar for more than three decades, the tourism-dependent Eastern Caribbean Currency Union (ECCU) countries share a close economic relationship with the U.S. This paper analyzes the impact of the United States on ECCU business cycles and identifies possible...
Persistent link: https://www.econbiz.de/10012677751
We examine the characteristics and comovement of cycles in house prices, credit, real activity and interest rates in advanced economies during the past 25 years, using a dynamic generalized factor model. House price cycles generally lead credit and business cycles over the long term, while in...
Persistent link: https://www.econbiz.de/10012677891
The paper shows that Asia's degree of financial integration, both with the world and within the region remains low by …
Persistent link: https://www.econbiz.de/10009422788
examines the impact of that deleveraging on credit supply in recipient economies, with a particular focus on Asia …
Persistent link: https://www.econbiz.de/10009659761
paper is to assess whether this is true for emerging Asia's economies. Using a dynamic factor model and a structural vector … auto-regression model, we show that long-term interest rates in Asia are indeed predominantly driven by global factors …
Persistent link: https://www.econbiz.de/10009679028
determinants, which include trade and financial linkages, as well as policies. In line with Asia's growing role in the global …
Persistent link: https://www.econbiz.de/10009679040
One consequence of interest rates remaining 'too low for too long' since the Global Financial Crisis is the buildup in private leverage in emerging economies. These vulnerabilities have been laid bare by the COVID-19 shock. This paper employs the growth at risk framework (Adrian, Boyarchenko,...
Persistent link: https://www.econbiz.de/10014408871
This paper assesses how pro-poor and inclusive Asia's recent growth has been, and what factors have been driving these …, dampening the impact of growth on poverty reduction. As a result, relative to other emerging and developing regions and to Asia … policies that could help redress these trends and broaden the benefits of growth in Asia. These include fiscal policies to …
Persistent link: https://www.econbiz.de/10014409435
be a special case. Much of the reserve increase in Asia can be explained by an optimal insurance model under which … observed growth in reserves since 1997-98. Using threshold estimation techniques, the paper shows that most of Asia ca …
Persistent link: https://www.econbiz.de/10012677637
DEVELOPMENT OF EQUITY DERIVATIVES MARKETS IN ASIA -- REFERENCES. …
Persistent link: https://www.econbiz.de/10012690965