Showing 1 - 10 of 157
This paper provides a comprehensive analysis of financial cycles in asset markets and regions. Using a large sample of 38 advanced and emerging economies to enable a comparative assessment, the analysis conforms with the prevailing literature on financial cycles pertaining to advanced economies,...
Persistent link: https://www.econbiz.de/10012132123
This paper discusses the financial landscape of the Association of Southeast Asian Nations (ASEAN), a region engaged in building an economic community (a "single market and production base") by 2015. In particular, it reviews where ASEAN's financial markets and institutions now stand and...
Persistent link: https://www.econbiz.de/10009725116
The recent financial crisis has shown that financial innovation can have devastating systemic impacts. International standard setters' and national regulators' response has been a global concerted effort to overhaul and tighten financial regulations. However, at a time of designing stricter...
Persistent link: https://www.econbiz.de/10008908093
This study reviews the evolution of financial markets, institutions, and policy frameworks in the economy of the Republic of Korea over the two decades since the 1997 Asian financial crisis and assesses their effectiveness in reducing the likelihood and adverse effects of future financial...
Persistent link: https://www.econbiz.de/10011757958
-term implications for government debt. In order to evaluate more accurately Korea's fiscal response since late 2008, this paper conducts … economic downturns. This paper also investigates whether the rapid increase in Korea's fiscal debt burden is admissible in … terms of long-term sustainability. Although existing evidence suggests that Korea's fiscal debt is still manageable, the …
Persistent link: https://www.econbiz.de/10003983456
Asia faces very large infrastructure funding demands, estimated at around US$750 billion per year for energy, transport, telecommunications, water, and sanitation during 2010-2020 (ADB/ADBI 2009). Asia has large savings, significant international reserves, and rapid accumulations of funds that...
Persistent link: https://www.econbiz.de/10003983478
This study assesses the impact of the COVID-19 pandemic on micro, small, and medium-sized enterprises (MSMEs) and the role of Fintech, in particular mobile financial services (MFS), in their recovery from COVID-induced losses. The study uses data from a survey of 216 MSMEs from Bangladesh Small...
Persistent link: https://www.econbiz.de/10012807627
This paper investigates the role of punctuation in the peer-to-peer (P2P) lending market. Using data from Renrendai, one of the largest P2P lending platforms in the People’s Republic of China, we investigate how the amount of punctuation used in loan descriptions influences the funding...
Persistent link: https://www.econbiz.de/10011757937
Certificates are widely used as a signaling mechanism to mitigate adverse selection when information is asymmetric. To reduce information asymmetry between lenders and borrowers, Chinese peer-to-peer (P2P) lending platforms encourage borrowers to obtain various kinds of credit certificates. As...
Persistent link: https://www.econbiz.de/10011993929
This paper seeks to add to the current debate about financial development and growth in the emerging world by looking at how different financial systems evolve: how and why financial structures change during various stages of development, how best to measure them, and seeing what practical...
Persistent link: https://www.econbiz.de/10008907303