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A reduction in the U.S. current account deficit vis-à-vis emerging Asia involves a shift in demand from U.S. to … emerging Asia tradable goods and a change in international relative prices. This paper quantifies the required adjustment in … Asia. We compare scenarios where both Chinese and other emerging Asian export prices change by the same proportion to the …
Persistent link: https://www.econbiz.de/10011779741
This paper identifies factors that contributed to the development and effectiveness of debt securities markets in the major advanced economies. Government securities markets have benefited from their international orientation—debt management is most effective when it is independent of monetary...
Persistent link: https://www.econbiz.de/10014403369
Asian countries have high demand for U.S. dollars and are sensitive to U.S. dollar funding costs. An important, but often overlooked, component of these costs is the basis spread in the cross-currency swap market that emerges when there are deviations from covered interest parity (CIP). CIP...
Persistent link: https://www.econbiz.de/10012102189
Management crisis period, the ""tech bubble"" period, and the ""stock market correction"" period. Hong Kong SAR , Japan, and …
Persistent link: https://www.econbiz.de/10014399563
(FDEs) in Asia. This paper finds that spillovers emanating from the U.S. on FDEs in Asia have been small. The relative … insulation of emerging Asia from the global financial cycle can likely be attributed to the presence of managed capital accounts … developing Asia is likely to be small …
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