Showing 1 - 10 of 21
The article analyses the role of international supply chains as transmission channels of a financial shock. Because individual firms are interdependent and rely on each other, either as supplier of intermediate goods or client for their own production, an exogenous financial shock affecting a...
Persistent link: https://www.econbiz.de/10005025741
Over the last decade many emerging Asian economies have been liberalizing their financial sectors, including opening up of their banking systems to foreign competition. This paper examines the extent of de jure and de facto policies in Asia with regard to the introduction of greater foreign...
Persistent link: https://www.econbiz.de/10008497669
The study examines the empirical evidence and options for decoupling Asia from the US and EU markets. First, it …
Persistent link: https://www.econbiz.de/10011259654
The image is undisputed in the political debate that the function of the financial sector is to "play servant" to the real economy, but the consequences derived from this debate are controversial. Clearer is the academic concept to restrict the functions of the financial sector deliberately. But...
Persistent link: https://www.econbiz.de/10008599116
US, the shock was not significant. Resultantly, these regions exhibited a decoupling phenomenon during the subprime … in the regions. Therefore, business cycles decoupling and convergence phenomena in the regions depend not only on the …
Persistent link: https://www.econbiz.de/10008533255
proponents of the decoupling hypothesis argue that emerging markets have made significant progress in reducing external … globalization, namely rising trade and financial integration, raises business cycle synchronisation. We find that decoupling is a …
Persistent link: https://www.econbiz.de/10008615613
The decoupling hypothesis is the idea that business cycles in emerging market economies have become more independent … from business cycles in advanced economies in recent years. Decoupling essentially amounts to a structural break in the … approaches point to the same conclusion: there has been no decoupling in recent years. In fact, the degree of business cycle …
Persistent link: https://www.econbiz.de/10008619185
of emerging market economies were “decoupling” from the industrialized economies in the North gained considerable … emerging markets (and the BRIC countries in particular) to demonstrate that decoupling is a myth rather than reality. …
Persistent link: https://www.econbiz.de/10011108190
The ‘wages breakout’ has been a recurring theme in the Australian public policy debate in recent years. Political conservatives, media commentators and some business groups have warned that Australian wages growth is unsustainable, or threatens to become unsustainable. This paper critically...
Persistent link: https://www.econbiz.de/10011257869
have high resilience to economic shocks. Specifically, we found only a significant relationship between growth and PAR-30 …
Persistent link: https://www.econbiz.de/10005260148