Narrow search
Showing 1 - 10 of 134
Cover Image
The Federal Reserve, Emerging Markets, and Capital Controls : A High Frequency Empirical Investigation
Edwards, Sebastian - 2012
In this paper I use weekly data from seven emerging nations - four in Latin America and three in Asia - to investigate … dynamics - in Latin America and Asia. The results also indicate that capital controls are not an effective tool for isolating …
Persistent link: https://www.econbiz.de/10013097663
Cover Image
Living with the Trilemma Constraint : Relative Trilemma Policy Divergence, Crises, and Output Losses for Developing Countries
Aizenman, Joshua - 2013
This paper investigates the potential impacts of the degree of divergence in open macroeconomic policies in the context of the trilemma hypothesis. Using an index that measures the relative policy divergence among the three trilemma policy choices, namely monetary independence, exchange rate...
Persistent link: https://www.econbiz.de/10013075864
Cover Image
Lessons Unlearned? Corporate Debt in Emerging Markets
Alfaro, Laura - 2017
This paper documents a set of new stylized facts about leverage and financial fragility for emerging market firms following the Global Financial Crisis (GFC). Corporate debt vulnerability indicators during the Asian Financial Crisis (AFC) attributed to corporate financial roots provide a...
Persistent link: https://www.econbiz.de/10012956372
Cover Image
Optimal Monetary Policy in a 'Sudden Stop'
Braggion, Fabio - 2010
In the wake of the 1997-98 financial crises, interest rates in Asia were raised immediately, and then reduced sharply …
Persistent link: https://www.econbiz.de/10012759929
Cover Image
Capital Flows and the Behavior of Emerging Market Equity Returns
Bekaert, Geert - 2010
Foreign portfolio flows may reflect deep changes in the functioning of an emerging market economy and its capital markets. Using a database of monthly net U.S. equity flows, we investigate the relation of these flows to the behavior of equity returns, the structural characteristics of the...
Persistent link: https://www.econbiz.de/10012763588
Cover Image
Emergence of Asia : Reforms, Corporate Savings, and Global Imbalances
Fan, Jingting - 2016
One of the explanations for global imbalances is the self-financing behavior of credit-constrained firms in rapidly growing emerging markets. We use an extensive firm-level data set from several Asian countries during 2002–2011, and test the micro foundation of this theory by estimating the...
Persistent link: https://www.econbiz.de/10012989124
Cover Image
Surfing the Waves of Globalization : Asia and Financial Globalization in the Context of the Trilemma
Aizenman, Joshua - 2010
Using the "trilemma indexes" developed by Aizenman et al. (2008) that measure the extent of achievement in each of the three policy goals in the trilemma--monetary independence, exchange rate stability, and financial openness--we examine how policy configurations affect macroeconomic...
Persistent link: https://www.econbiz.de/10013145228
Cover Image
Crises in Emerging Market Economies : A Global Perspective
Calvo, Guillermo A. - 2021
The paper argues that global financial factors played an important role in the capital-inflow episode in Emerging Market economies (EMs), during the early part of the 1990s, and clearly in the Sudden Stop (of capital inflows) crises that took place after the 1998 Russian crisis. Moreover, the...
Persistent link: https://www.econbiz.de/10013313675
Cover Image
Currency and Financial Crises of the 1990s and 2000s
Razin, Assaf - 2011
leading to severe banking crisis in Japan; 2) The foreign reserves' meltdown triggered by foreign hot money flight from frothy …
Persistent link: https://www.econbiz.de/10013130560
Cover Image
Why Has the Yen Failed to Become a Dominant Invoicing Currency in Asia? A Firm-Level Analysis of Japanese Exporters' Invoicing Behavior
Ito, Takatoshi - 2010
the yen's status as an only fully convertible currency in Asia, two patterns stand out as puzzling features of an … exports to advanced countries, and second, the prevalence of US dollar invoicing in Japanese exports to East Asia even though … Japanese firms grew; and (2) the production/trade structure of Japanese electronics companies in Asia in which final products …
Persistent link: https://www.econbiz.de/10013139736