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Inflation trends in Asia : implications for central banks

Garcia, Juan Angel; Poon, Aubrey - 2019

Trend inflation estimates for 12 of the largest Asian economies over 1995-2018 offer important insights on inflation dynamics and inflation expectations. The disinflationary shocks that hit the region since 2014 were partly transitory, but their effects have been different depending on the...

Persistent link: https://www.econbiz.de/10012132591

Stigma? What stigma? : a contribution to the debate on financial market effects of IMF lending

Scheubel, Beatrice; Tafuro, Andrea; Vonessen, Benjamin - 2018

In the policy debate on the effectiveness of the Global Financial Safety Net, concerns have been raised that expectations of adverse effects of IMF programmes may deter countries from asking for an IMF programme when they need one, a form of "IMF stigma". We explore the existence of IMF...

Persistent link: https://www.econbiz.de/10011928948

Has emerging Asia decoupled? : an analysis of production and trade linkages using the Asian international input-output table

Pula, Gabor; Peltonen, Tuomo - 2009

Due to the emergence of global production networks, trade statistics have became less accurate in describing the dependence of emerging Asia on external demand. This paper analyses, using an update of the Asian International Input-Output (AIO) table, the interdependence of emerging Asian...

Persistent link: https://www.econbiz.de/10003826566

Public sector efficiency : evidence for new EU member states and emerging markets

Afonso, António (contributor); … - 2006

In this paper we analyse public sector efficiency in the new member states of the European Union compared to that in emerging markets. After a conceptual discussion of expenditure efficiency measurement issues, we compute efficiency scores and rankings by applying a range of measurement...

Persistent link: https://www.econbiz.de/10003274690

Emerging Asia's growth and integration : how autonomous are business cycles?

Rüffer, Rasmus (contributor); Sánchez, Marcelo (contributor) - 2007

Against the background of the rapid integration of emerging Asia into the global economy, this paper investigates the role of domestic and external factors in driving individual emerging economies in Asia. We estimate VAR models for ten countries over the period 1979Q1-2003Q4, controlling for...

Persistent link: https://www.econbiz.de/10003410600

Global liquidity glut or global savings glut? : a structural VAR approach

Bracke, Thierry (contributor); Fidora, Michael (contributor) - 2008

Since the late-1990s, the global economy is characterised by historically low risk premia and an unprecedented widening of external imbalances. This paper explores to what extent these two global trends can be understood as a reaction to three structural shocks in different regions of the global...

Persistent link: https://www.econbiz.de/10003782658

Optimal reserve composition in the presence of sudden stops : the euro and the dollar as safe haven currencies

Beck, Roland (contributor); Rahbari, Ebrahim (contributor) - 2008

We analytically derive optimal central bank portfolios in a minimum variance framework with two assets and "transaction …

Persistent link: https://www.econbiz.de/10003782664

Bank mergers, competition and liquidity

Carletti, Elena; Hartmann, Philipp; Spagnolo, Giancarlo - 2003

We model the impact of bank mergers on loan competition, banks' reserve holdings and aggregate liquidity. Banks compete … in liquidity risk and expected liquidity needs for each bank and for the banking system. Large mergers tend to increase … expected aggregate liquidity needs, and thus the liquidity provision by the central bank. Comparative statics suggest that a …

Persistent link: https://www.econbiz.de/10009635892

The euro area financial system

Hartmann, Philipp; Maddaloni, Angela; Manganelli, Simone - 2003

Four years after the introduction of the euro, this paper provides an overview of the current structure and integration of the euro area financial systems and related policy initiatives. We first compare the euro area financial structure with that of the United States and Japan. Using new and...

Persistent link: https://www.econbiz.de/10009635984

Developing statistical indicators of the integration of the euro area banking system

Manna,Michele - 2004

This paper discusses a wide range of indicators of the degree of integration of the euro area banking system. It is concerned with volume data, a less developed field of research compared with studies on prices/rates. We first set out a methodological framework, a mixture of elementary and more...

Persistent link: https://www.econbiz.de/10009636523

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