Showing 1 - 10 of 83
Capital flows to emerging market economies (EMEs) have been characterized by high volatility since the 1980s. In recent … use of prudential regulation, and continued financial market development practiced by most Asian EMEs over the past decade …
Persistent link: https://www.econbiz.de/10003928091
Capital controls and exchange restrictions are used to restrict international capital flows during economic crises. This paper looks at the legal implications of these restrictions and explores the current international regulatory framework applicable to international capital movements and...
Persistent link: https://www.econbiz.de/10009407789
Financial globalization has gathered attention since the early 1990s because of its macro-financial and crisis implications and its perceived large expansion. But financial globalization has taken different forms over time. This paper examines two important concurrent dimensions of financial...
Persistent link: https://www.econbiz.de/10009632681
. Limited capital inflows to debt securities issued by emerging Asia may be attributable to the early stages of bond market …
Persistent link: https://www.econbiz.de/10011843951
architecture remains inadequate for the needs of many emerging market economies. The effectiveness of IMF surveillance …
Persistent link: https://www.econbiz.de/10003901587
economies that trade in both domestic and international markets. The cross-market premium (the ratio between the domestic and … the international market price of cross-listed stocks) provides a valuable measure of how capital controls and crises … be easily evaded, they do affect the cross-market premium in a sustainable way. Controls on capital inflows put downward …
Persistent link: https://www.econbiz.de/10003855387
The adoption of quantitative easing (QE) policy by the United States (US) Federal Reserve Bank since early 2009 has aroused widespread concerns in Asia and elsewhere regarding its possible impact in terms of the weakening of the US dollar and stimulating capital outflows to emerging economies...
Persistent link: https://www.econbiz.de/10009379704
The Impossible Trinity doctrine still holds a powerful sway over policymakers, advisors (particularly the International Monetary Fund [IMF]) and academia. In East Asia over the past decade, however, most countries have been able to maintain open capital markets, monetary policy independence, and...
Persistent link: https://www.econbiz.de/10009379721
Since the 1980s, emerging countries have been urged to welcome foreign capital inflows. The result has often been a pattern of surges, where excessive inflows were followed by damaging "sudden stops" and reversals. This was dramatically evident in the Asian crisis of 1997 - 1998. Since that...
Persistent link: https://www.econbiz.de/10009551418
This study provides new evidence of systemic risk contribution in the international mutual fund sector from 2000 - 2011. The empirical analysis tracks the systemic risk of 10,570 mutual funds investing internationally. The main findings suggest that the systemic risk contributions of...
Persistent link: https://www.econbiz.de/10011549083