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Exchange Rates in Emerging Countries : Eleven Empirical Regularities from Latin America and East Asia
Edwards, Sebastian - 2011
In this paper I discuss some of the most important lessons on exchange rate policies in emerging markets during the last 35 years. The analysis is undertaken from the perspective of both the Latin American and East Asian nations. Some of the topics addressed include: the relationship between...
Persistent link: https://www.econbiz.de/10013124845
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Financial Versus Monetary Mercantilism-Long-Run View of Large International Reserves Hoarding
Aizenman, Joshua - 2007
The sizable hoarding of international reserves by several East Asian countries has been frequently attributed to a modern version of monetary mercantilism -- hoarding international reserves in order to improve competitiveness. From a long-run perspective, manufacturing exporters in East Asia...
Persistent link: https://www.econbiz.de/10012778171
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Tfpg Controversies, Institutions, and Economic Performance in East Asia
Rodrik, Dani - 2010
The controversy over the appropriate partitioning of East Asian growth into accumulation versus technical change has overlooked a fundamental indeterminacy in measurement. As a result, we cannot rule out the possibility that East Asia has in fact experienced a tremendous amount of technological...
Persistent link: https://www.econbiz.de/10012763667
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Demographic Transitions and Economic Miracles in Emerging Asia
Bloom, David E.; Williamson, Jeffrey G. - 2021
The demographic transition a change from high to low rates of mortality and fertility has been more dramatic in East Asia during this century than in any other region or historical period. By introducing demographic variables into an empirical model of economic growth, this essay shows that this...
Persistent link: https://www.econbiz.de/10013215702
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Economic Growth in East Asia Before and after the Financial Crisis
Barro, Robert J. - 2021
In 1997-98, five east Asian countries -- Indonesia, Malaysia, South Korea, the Philippines, and Thailand -- experienced sharp currency and banking crises. The contraction of real GDP was severe in relation to the previous history and in comparison with five east Asian countries that were less...
Persistent link: https://www.econbiz.de/10013234923
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Lessons from the East Asian Nics : A Contrarian View
Young, Alwyn - 2021
The unusually rapid and prolonged growth of both output and exports in the Newly Industralizing Countries of East Asia has led many economists to believe that productivity growth in these economies, particularly in their manufacturing sectors, has been extraordinarily high. This view has, in...
Persistent link: https://www.econbiz.de/10013235880
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Two Tales of Adjustment : East Asian Lessons for European Growth
Chari, Anusha - 2014
Paths into the Asian Crisis of 1997-98 and the recent global financial crisis were similar, but the roads out could not be more different. Common wisdom has it that on impact Asia endured fiscal austerity imposed by the IMF whereas the IMF recommended stimulus in the case of the advanced nations...
Persistent link: https://www.econbiz.de/10013060259
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Indian Manufacturing Industry : Elephant or Tiger? New Evidence on the Asian Miracle
Hulten, Charles R.; Srinivasan, Sylaja - 2022
We estimate the rate of total factor productivity growth in Indian manufacturing industry for the period 1973-1992, and compare the results to those obtained by Young for the East Asian Tigers. We then interpret our results in light of Krugman's hypothesis that, because the Asian Miracle was...
Persistent link: https://www.econbiz.de/10013322875
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Are Commodity Futures Prices Barometers of the Global Economy?
Hu, Conghui - 2013
prices of East Asian economies including China, Japan, Hong Kong, South Korea, and Taiwan. We find significant and positive …
Persistent link: https://www.econbiz.de/10013071915
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Is Japan Creating a Yen Bloc in East Asia and the Pacific?
Frankel, Jeffrey A. - 2021
This paper reaches seven conclusions regarding the Yen Bloc that Japan is reputed to be forming in Pacific Asia. (1 … is no evidence of a special Japan effect. (3) Once one properly accounts for rapid growth in Asia, the statistics do not … Asian countries, though overall its influence is as yet no greater than that of New York. (6) Some of Japan's financial and …
Persistent link: https://www.econbiz.de/10013218103