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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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Covid-19 impact on micro, small, and medium-sized enterprises under the lockdown : evidence from a rapid survey in the Philippines
Shinozaki, Shigehiro; Rao, Lakshman Nagraj - 2021
The novel coronavirus disease, COVID-19, has brought significant change to people's lives and business activities nationally, regionally, and globally. The Philippines took swift action-including enhanced community quarantine (ECQ)-to contain the pandemic and launched an emergency subsidy...
Persistent link: https://www.econbiz.de/10012431144
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Impacts of free trade agreements on business activity in Asia : the case of Japan
Hirastuka, Daisuke; Sato, Hitoshi; Isono, Ikumo - 2009
Free trade agreements (FTAs) have proliferated in East Asia in recent years. As of December 2008, eight bilateral FTAs … pressing issue for Japanese firms because Japanese firms have expanded overseas, particularly into the rest of Asia, which has … contributed to the formation of production networks in East Asia. There have been numerous ex ante studies on the impacts of FTAs …
Persistent link: https://www.econbiz.de/10003901391