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Did Output Recover From the Asian Crisis?

Cerra, Valerie - 2003

This paper investigates the extent to which output has recovered from the Asian crisis. A regime-switching approach that introduces two state variables is used to decompose recessions in a set of six Asian countries into permanent and transitory components. While growth recovered fairly quickly...

Persistent link: https://www.econbiz.de/10014404003

Demographic Change in Asia : The Impacton Optimal National Saving, Investment, and the Current Account

McDonald, Ian Martin - 2000

This paper calculates the levels of optimal national saving, investment, and the current account balance for five Asian economies—Hong Kong SAR, Japan, Singapore, Malaysia, and the Philippines—for the period 1997–2050 using a simulation approach. These calculations show the sensitivity of...

Persistent link: https://www.econbiz.de/10014399958

Hong Kong SAR As a Financial Center for Asia : Trends and Implications

Unteroberdoerster, Olaf - 2008

We document Hong Kong SAR''s evolving role as an international financial center in the Asia region, the importance of … growth. Hong Kong SAR has a long established track record as Asia''s premier center for cross-border financial transactions …. Further financial opening of China is likely to consolidate Hong Kong SAR''s leading position as Asia''s international …

Persistent link: https://www.econbiz.de/10014401869

The great rebalancing act : can investment be a lever in Asia?

Nabar, Malhar; Syed, Murtaza - 2011

Persistent link: https://www.econbiz.de/10009487108

The Great Rebalancing Act : Can Investment Be a Lever in Asia?

International Monetary Fund - 2011

countries. In Asia’s export-dependent economies, this entails relying more on private domestic demand as a driver of growth …

Persistent link: https://www.econbiz.de/10014402557

Trade and financial spillover on Hong Kong SAR from a downturn in Europe and Mainland China

N'Diaye, Papa M'B. P.; Ahuja, Ashvin - 2012

Persistent link: https://www.econbiz.de/10009572370

Spillovers of the U.S. Subprime Financial Turmoil to Mainland China and Hong Kong SAR : Evidence from Stock Markets

Zhang, Xiaojing - 2009

This paper focuses on evidence from stock markets as it investigates the spillovers from the United States to mainland China and Hong Kong SAR during the subprime crisis. Using both univariate and multivariate GARCH models, this paper finds that China''s stock market is not immune to the...

Persistent link: https://www.econbiz.de/10014402277

Global Imbalances and External Adjustment after the Crisis

Lane, Philip R. - 2014

This paper has two objectives. First, it reviews the recent dynamics of global imbalances (both “flow” and “stock” imbalances), with a special focus on the shifting position of Latin America in the global distribution. Second, it examines the cross-country variation in external...

Persistent link: https://www.econbiz.de/10014411435

Adjustment Under a Currency Peg : Estonia, Latvia and Lithuania During the Global Financial Crisis 2008-09

Purfield, Catriona - 2010

The paper traces the Baltics’ adjustment strategy during the 2008-09 global financial crisis. The abrupt end to the externally-financed domestic demand boom triggered a severe output collapse, bringing per capita income levels back to 2005/06 levels. In response to this shock, the Baltics...

Persistent link: https://www.econbiz.de/10014397545

External Adjustment and the Global Crisis

Milesi-Ferretti, Gian Maria - 2011

After widening substantially in the period preceding the global financial crisis, current account imbalances across the world have contracted to a significant extent. This paper analyzes the factors underlying this process of external adjustment. It finds that countries whose pre-crisis current...

Persistent link: https://www.econbiz.de/10014398603