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Lessons for Asia from Europe's history with banking integration

Elliott, Douglas J. - 2014

As Asia considers greater harmonization and integration of its financial systems, it would be well-advised to consider the experience of Europe, particularly the eurozone. There are many lessons to be drawn from Europe about how to implement such integration, mostly negative. It is particularly...

Persistent link: https://www.econbiz.de/10010242041

Reflections on the development of regional financing arrangements : experience from Europe

Cheng, Gong - 2020

This paper sheds light on the development of European Regional Financing Arrangements (RFAs) and the role of these financial backstops in resolving the recent euro area crisis. It documents a significant dual shift in the design of regional firewalls in Europe, from bilateral to multilateral...

Persistent link: https://www.econbiz.de/10012210077

Does fintech contribute to systemic risk? : evidence from the US and Europe

Franco, Lavinia; García, Ana Laura; Husetović, Vigor; … - 2020

Fintech has increasingly become part of the global economy with the evolution of technology, increasing investments in fintech firms, and greater integration between traditional incumbent financial firms and fintech. Since the 2007-2009 financial crisis, research has also paid more attention to...

Persistent link: https://www.econbiz.de/10012219547

Europe and Northeast Asia : different responses to financial crises

Wissenbach, Uwe - 2020

This paper focuses on the critical differences, but also some commonalities, between the EU and three countries in … EU's response is naturally multilateral, but the stress test of the sovereign debt crisis showed weaknesses in the … integration of economic and monetary policy. The EU strengthened its integration during and after the crisis, oscillating between …

Persistent link: https://www.econbiz.de/10012219782

Approaches to measure the wider economic impacts of high-speed rail and experiences from Europe

Rothengatter, Werner - 2019

The European Union introduced the concept of Trans-European transport networks in 1996 and developed it from a set of projects into a comprehensive network plan in 2013. The high-priority components of this plan (for 2050) are a core network and nine core network corridors (CNCs), which the...

Persistent link: https://www.econbiz.de/10012007535

Quantifying the economic and social impacts of high-speed rail : some evidence from Europe and the People's Republic of China

Chen, Chia-lin; Vickerman, Roger W. - 2019

In recent years there has been an increasing move towards allowing for impacts beyond the direct user benefits and costs in the appraisal of transport investments. Much of the interest to date has been in justifying the inclusion of such wider impacts as a genuine net addition to a cost-benefit...

Persistent link: https://www.econbiz.de/10012008725

Connectivity between Asia and Europe : implications for infrastructure convergence between the two regions

Yoshino, Naoyuki; Hossain, Monzur; Taghizadeh-Hesary, Farhad - 2020

While discussing the enhancement of the connectivity between Europe and Asia, this policy paper explores a new area of cooperation, which is the use of European long-term investment funds in Asia's infrastructure. We argue that, if Asian countries agree to offer 50% of their spillover revenue to...

Persistent link: https://www.econbiz.de/10012153503

Green finance in the Republic of Korea : barriers and solutions

Oh, Deokkyo; Kim, Sang-Hyup - 2018

The Republic of Korea fully launched its green finance scheme in 2009 and then introduced the environmental information disclosure system and the emission trading scheme in 2013 and 2015, respectively. However, their use has not increased dramatically, as the public sector has taken the major...

Persistent link: https://www.econbiz.de/10011936128

An energy policy for ASEAN? : lessons from the EU experience on energy integration, security, and decarbonization

Diaz-Rainey, Ivan; Tulloch, Daniel J.; Ahmed, Iftekhar; … - 2021

The European Union (EU) has redefined the energy sphere in Europe over the last three decades. Transnational policies … transition is achieved. However, accelerated transition could come in many forms. By drawing on the EU experience, we argue that …

Persistent link: https://www.econbiz.de/10012433362

Role of policy interventions in limiting emissions from vehicles in Delhi, 2020-2030

Pohit, Sanjib; Rishabh Singh; Chowdhury, Soumi Roy - 2021

Urban India, particularly metros, is a major hotspot of air pollution with a PM2.5 concentration level ranging above the permissible limits defined by the WHO for most of the year. Unsurprisingly, special efforts have been made by the Government of India in recent years to improve air quality....

Persistent link: https://www.econbiz.de/10012795656