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Recessions and recoveries in Asia : what can the past teach us about the present recession?
Gupta, Souvik; Miniane, Jacques Alain - 2009
With the global economy still in recession, two important questions arise for Asia: how soon will the recession end … Asia in order to shed light on these issues. Several important stylized facts emerge from this study: (i) recessions … norm, suggesting that the current recession could have been even costlier and more drawn out had Asia's banks not entered …
Persistent link: https://www.econbiz.de/10003901423
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The role of macroeconomic policy in rebalancing growth
Morgan, Peter J. - 2011
The aftermath of the global financial crisis of 2007 - 2009 has called the export-led growth model of Asian economies into question. This paper describes the contribution that macroeconomic policy can make to promote a rebalancing of growth away from dependence on exports to developed economies...
Persistent link: https://www.econbiz.de/10008907795
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Impacts of current global economic crisis on Asia's labor market
Phu Huynh; Kapsos, Steven; Kim, Kee Beom; Sziraczki, Gyorgy - 2010
The paper investigates the labor market and social impacts of the global financial and economic crisis in Asia and the …
Persistent link: https://www.econbiz.de/10008732337
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Can Asia sustain an export-led growth strategy in the aftermath of the global crisis? : an empirical exploration
Razmi, Arslan; Hernández, Gonzalo - 2011
Many developing countries have attempted to pursue the East Asian growth model in recent decades. This model is widely perceived to have been based on export-led growth. Given that developed countries are likely to grow at a slower rate and be less willing to run trade deficits in the...
Persistent link: https://www.econbiz.de/10009381662
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From a centralized to a decentralized global economic architecture : an overview
Rana, Pradumna Bickram - 2013
new regional institutions that Asia needs to establish to contribute to this evolving global economic architecture. …
Persistent link: https://www.econbiz.de/10009690843
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Building forward better : enhancing resilience of Asia and Pacific economies in a post-Covid-19 world
Huang, Zhenqian; Saxena, Sweta Chaman - 2021
The COVID-19 pandemic is imposing economic and broader development challenges as never before. Policy lessons from Asia … inequality and environmental challenges increased the region's vulnerabilities. The post-pandemic recovery in Asia and the …
Persistent link: https://www.econbiz.de/10012500457
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Assessing the effectiveness of IMF programs following the global financial crisis : how did it change since the Asian crisis?
De Resende, Carlos; Takagi, Shinji - 2018
The paper identifies key features of International Monetary Fund (IMF)-supported programs following the 2008 global financial crisis. The statistical analysis of a large sample of countries that borrowed from the IMF during 1997-2013 indicates that, compared to the amount of financing provided...
Persistent link: https://www.econbiz.de/10011843919
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Regional and global financial safety nets : the recent European experience and its implications for regional cooperation in Asia
Darvas, Zsolt M. - 2017
This paper compares financial assistance programs of four euro-area countries (Greece, Ireland, Portugal, and Cyprus) and three non-euro-area countries (Hungary, Latvia, and Romania) of the European Union in the aftermath of the 2007/08 global financial and economic crisis - which were supported...
Persistent link: https://www.econbiz.de/10011635367
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An aggregate-level macro model for the Indian economy
Yoshino, Naoyuki; Paramanik, Rajendra Narayan; … - 2020
This research piece is an empirical attempt to model the Indian economy at an aggregate level with annual data, ranging … growth in the Indian economy. However, the effectiveness of expansionary fiscal policy is observed to have a larger impact on … growth than easy monetary policy. This inference is drawn mainly on the basis of a simulation exercise for the proposed …
Persistent link: https://www.econbiz.de/10012395357
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Financial health and firm productivity : firm-level evidence from Viet Nam
Shandre Mugan Thangavelu; Chongvilaivan, Aekapol - 2013
Does financial health shore up firm productivity? This paper empirically investigates this question and presents productivity as another driving factor in translating financial development into real economic progress. Our empirical framework employs Levinsohn and Petrin's (2003) semi-parametric...
Persistent link: https://www.econbiz.de/10010126897