Narrow search
Showing 1 - 10 of 2,272
Cover Image
A New Financial Order in Asia : Will a RMB bloc emerge?
Ito, Takatoshi - 2016
, potential impending changes in the Asian monetary and exchange rate regimes in Asia are discussed. Projecting the growth of the … Chinese economy into the future, the weight of the RMB in the financial markets will increase globally as well as in Asia …
Persistent link: https://www.econbiz.de/10012455925
Cover Image
Sequencing of Reforms, Financial Globalization, and Macroeconomic Vulnerability
Edwards, Sebastian - 2008
I use a large cross country data set and panel probit analysis to investigate the way in which the interaction between trade and financial openness affect the probability of external crises. This analysis is related to debate on the adequate sequencing of reform. I also investigate the role...
Persistent link: https://www.econbiz.de/10012464263
Cover Image
The Baker Hypothesis
Chari, Anusha - 2020
In 1985, James A. Baker III's "Program for Sustained Growth" proposed a set of economic policy reforms including, inflation stabilization, trade liberalization, greater openness to foreign investment, and privatization, that he believed would lead to faster growth in countries then known as the...
Persistent link: https://www.econbiz.de/10012481256
Cover Image
Lessons from the Asian Crisis
Mishkin, Frederic S. - 2000
This paper provides an asymmetric information analysis of the recent East Asian crisis. It then outlines several lessons from this crisis. First, there is a strong rationale for an international lender of last resort. Second, without appropriate conditionality for this lending, the moral hazard...
Persistent link: https://www.econbiz.de/10012470928
Cover Image
Capital Movements, Banking Insolvency, and Silent Runs in the Asian Financial Crisis
Kane, Edward J. - 2000
This paper supplies an agency-cost and contestable-markets perspective on the financial policies that triggered the Asian financial crisis. The agency-cost analysis hypothesizes that individual-country regulators knew that politically directed loans had made their banks insolvent, but...
Persistent link: https://www.econbiz.de/10012471262
Cover Image
Optimal Monetary Policy in a 'Sudden Stop'
Braggion, Fabio - 2007
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/10012465398
Cover Image
The Global Financial Cycle
Miranda-Agrippino, Silvia; Rey, Hélène - National Bureau of Economic Research - 2021
We review the literature on the empirical characteristics of the global financial cycle and associated stylized facts on international capital flows, asset prices, risk aversion and liquidity in the financial system. We analyse the co-movements of global factors in asset prices and capital flows...
Persistent link: https://www.econbiz.de/10012660005
Cover Image
The "Other" Imbalance and the Financial Crisis
Caballero, Ricardo J. - 2010
One of the main economic villains before the crisis was the presence of large "global imbalances." The concern was that the U.S. would experience a sudden stop of capital flows, which would unavoidably drag the world economy into a deep recession. However, when the crisis finally did come, the...
Persistent link: https://www.econbiz.de/10012463014
Cover Image
East Asian Economies and Financial Globalization In the Post-Crisis World
Aizenman, Joshua - 2016
convergence of the three policy goals in East Asia toward a "middle ground" pre-dates the convergence of these indices in other …. One big dollar-zone economy that has been increasing its presence in Asia is China. However, China has been recently … efforts and creates the RMB zone, the dynamics between the U.S. and Asia will most likely change; it is, however, uncertain to …
Persistent link: https://www.econbiz.de/10012456407
Cover Image
Capital Flows and Economic Growth in the Era of Financial Integration and Crisis, 1990-2010
Aizenman, Joshua - 2011
We investigate the relationship between economic growth and lagged international capital flows, disaggregated into FDI, portfolio investment, equity investment, and short-term debt. We follow about 100 countries during 1990-2010 when emerging markets became more integrated into the international...
Persistent link: https://www.econbiz.de/10012461155