Showing 1 - 10 of 1,361
the impact of China''s emergence on FDI flows to Asia using data from 14 Asian economies from 1984 to 2002. The results …China''s dramatic success in attracting foreign direct investment (FDI) has raised concerns that it has success … diverted FDI from other countries in Asia. We develop a new methodology to estimate crowding out, and we use it to investigate …
Persistent link: https://www.econbiz.de/10014404204
Persistent link: https://www.econbiz.de/10010359930
counterbalance the tendency for portfolio investors to leave. We describe these changing patterns and relate them to shifts in Korea …
Persistent link: https://www.econbiz.de/10012154900
between advanced and emerging market country groups, and the common perception that Korea competes fiercely with Japan in the … and the quantitative and qualitative easing (QQME) of Japan. Korea is an intriguing case due to its borderline position …We examine how Korea’s capital flows and trade have been affected by the quantitative easing (QE) of the United States …
Persistent link: https://www.econbiz.de/10014411174
Korea was hit hard by the 2008 global financial crisis, with the foreign bank deleveraging channel coming prominently … into play. The global financial crisis demonstrated that a sharp deleveraging can be transmitted to emerging markets … 2008. Impulse responses from a Dynamic Stochastic General Equilibrium (DSGE) model calibrated to Korea shows that it …
Persistent link: https://www.econbiz.de/10014395242
This paper draws out the parallels between Korea and Japan in terms of demographics, potential growth, balance sheets …, asset prices and inflation. Korea's demographic trends seem to track Japan's with a lag of about 20 years. Low productivity … reforms. While Korea's corporate balance sheets are stronger than Japan's in the early 1990s, Korea needs to progress with the …
Persistent link: https://www.econbiz.de/10011716396
We trace Japanese corporate investment across different types of firms over the past decades and estimate the main determinants of investment. We find that there are differences in investment behavior between firms expanding abroad and those operating mainly in domestic markets. On the back of a...
Persistent link: https://www.econbiz.de/10011373921
This paper evaluates monetary policy and its relationship with the exchange rate in five Asian crisis countries. The findings are compared with previous currency crises in recent history. The paper finds no evidence of overly tight monetary policy in the Asian crisis countries in 1997 and early...
Persistent link: https://www.econbiz.de/10014401509
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
rates of FDI as well as domestic capital formation. This ""investment hunger"" can lead to unanticipated declines in the …, loosely based upon China. We calibrate a benchmark equilibrium, and carry out various counterfactual simulations to analyze …
Persistent link: https://www.econbiz.de/10014401067