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used as a leading indicator. Based on the FCI, financial conditions in Asia tightened substantially earlier in the global … crisis, reflecting losses in the stock markets and tighter credit conditions. In early 2010, financial conditions in Asia …
Persistent link: https://www.econbiz.de/10009203540
? Data from South Asia suggest that member states have minor trade linkages and face asymmetrical patterns of shocks. This …
Persistent link: https://www.econbiz.de/10005825897
Argentina (until 2001), Eastern Europe, and Asia. An index of precommitment is derived from an analysis of legislative …
Persistent link: https://www.econbiz.de/10005826104
A model of the domestic financial intermediation of foreign capital inflows based on agency costs is developed for studying financial crises in emerging markets. In equilibrium, the banking system becomes progressively more fragile under imperfect prudential regulation and public sector loan...
Persistent link: https://www.econbiz.de/10005599585
, in individual emerging market and developing countries in Asia. Notably, we provide evidence that the global monetary … condition is partly responsible for the current account surplus in Asia. We also draw implications for monetary policy …
Persistent link: https://www.econbiz.de/10008671301
Net capital flows to emerging Asia rebounded at a record pace following the global financial crisis, raising concerns …
Persistent link: https://www.econbiz.de/10011242351
examines the impact of that deleveraging on credit supply in recipient economies, with a particular focus on Asia …, the credit supply response in Asia was only about half the size of the response in non-Asian countries, possibly due to a …
Persistent link: https://www.econbiz.de/10011242438
During risk-off episodes, the yen is a safe haven currency and on average appreciates against the U.S. dollar. We investigate the proximate causes of yen risk-off appreciations. We find that neither capital inflows nor expectations of the future monetary policy stance can explain the yen’s...
Persistent link: https://www.econbiz.de/10010790363
Both Japan and Korea are trying to boost female labor force participation (FLFP) as they face the challenges of a … towards non-regular employment despite women’s high education levels. This paper empirically examines what helps Japan and … tend to reduce the proportion of regular female employment in Japan and Korea, (ii) the persistent gender wage gap …
Persistent link: https://www.econbiz.de/10011242431
Over the past decade policy makers in Latin America have adopted a number of macroprudential instruments to manage the procyclicality of bank credit dynamics to the private sector and contain systemic risk. Reserve requirements, in particular, have been actively employed. Despite their...
Persistent link: https://www.econbiz.de/10010878415