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with the United States, the United Kingdom and Singapore by examining the three commonly used macroeconomic relationships …
Persistent link: https://www.econbiz.de/10011716450
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The concept of purchasing power parity (PPP) is used to evaluate whether eight East Asian currencies were overvalued on the eve of the 1997 crises. The Johansen and Horvath-Watson cointegration test procedures are applied to bilateral and multilateral exchange rates, deflated using CPIs,...
Persistent link: https://www.econbiz.de/10014401020
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
Singapore as the current leading financial centers in the region. This analysis suggests that a competition for dominance can …
Persistent link: https://www.econbiz.de/10014411355
Zealand, Singapore, and Sweden). The case studies describe the institutional framework, its evolution, the use of …
Persistent link: https://www.econbiz.de/10011374746
Persistent link: https://www.econbiz.de/10009572370
Hong Kong SAR was hit hard by the global financial crisis, which started out in the U.S. and spilled over to the rest of the world. Three years later, vulnerabilities in the euro area''s financial system and concerns over a hard landing in Mainland China have started to weigh on Hong Kong''s...
Persistent link: https://www.econbiz.de/10014396828
Persistent link: https://www.econbiz.de/10009424792
Singapore is one of the world's most open economies, with the size of its trade reaching about 350 percent of its GDP …. With the rise of highly diversified cross-border production networks, Singapore has come to play an integral role in the …, using disaggregate industry/product level trade data, we revisit Singapore's export elasticities and find that growing …
Persistent link: https://www.econbiz.de/10011445351