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Dealing with quantitative easing spillovers in East Asia : the role of institutions and macroprudential policy
Saiki, Ayako; Pornpinun Chantapacdepong; Volz, Ulrich - 2016
This paper explores the impact of advanced countries' quantitative easing on emerging market economies (EMEs) and how macroprudential policy and good governance play a role in preventing potential financial vulnerabilities. We used confidential locational bank statistics data from the Bank for...
Persistent link: https://www.econbiz.de/10011561633
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Financial crisis and crisis management in Sweden : lessons for today
Jonung, Lars - 2009
This paper gives an account of the Swedish financial crisis covering the period 1985-2000, dealing with financial deregulation and the boom in the late 1980s, the bust and the financial crisis in the early 1990s, the recovery from the crisis and the bank resolution policy adopted during the...
Persistent link: https://www.econbiz.de/10003901578
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Reform of the international financial architecture : an Asian perspective
Kawai, Masahiro - 2009
powerful Financial Stability Board, and augmenting the financial resources of the IMF. However, the international financial …
Persistent link: https://www.econbiz.de/10003901587
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Macroeconomic impacts of foreign exchange reserve accumulation : theory and international evidence
Fukuda, Shin'ichi; Kon, Yoshifumi - 2010
Recently, a dramatic accumulation in foreign exchange reserves has been widely observed in developing countries. This paper explores the possible long-run impacts of this trend on macroeconomic variables in developing countries. We analyze a simple open economy model where increased foreign...
Persistent link: https://www.econbiz.de/10003982936
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Financial safety nets in Asia : genesis, evolution, adequacy, and way forward
Hill, Hal; Menon, Jayant - 2012
Financial safety nets in Asia have come a long way since the Asian Financial Crisis (AFC) of 1997 - 98. Not wanting to rely solely on the International Monetary Fund (IMF) again, the Chiang Mai Initiative (CMI) was created in 2000. When the CMI also proved inadequate following the Global...
Persistent link: https://www.econbiz.de/10009667234
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Global imbalances in a world of inflexible real exchange rates and capital controls
Hughes Hallett, Andrew; Martinez Oliva, Juan C. - 2011
the stability of such interaction may be affected by shifts in the preferences of investors, by the relative rate of …
Persistent link: https://www.econbiz.de/10009383064
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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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External debt sustainability and vulnerabilities : evidence from a panel of 24 Asian countries and prospective analysis
Llorca, Matthieu - 2017
The purpose of this empirical study is first to assess the external debt sustainability in a panel of 24 Asian emerging and developing countries divided into four sub-panels, namely the regions of Southeast Asia, Southwest Asia, Central Asia, and the Pacific over the period 1993-2014. We use the...
Persistent link: https://www.econbiz.de/10011621232
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Why are Latin American crises deeper than those in Emerging Asia, including that of COVID-19?
García Herrero, Alicia - 2021
The COVID-19 pandemic has challenged global economies with unparalleled negative shock. Asia and Latin America have gone through a number of financial crises in the last few decades but they have addressed those crises rather differently, leading to different growth trajectories after the...
Persistent link: https://www.econbiz.de/10012490544
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The role of macroeconomic policy in rebalancing growth
Morgan, Peter J. - 2011
balanced to maintain government debt stability and avoid crowding out of private investment, there may be substantial scope to … intervention can cut net exports directly. Improvement of frameworks for macroeconomic and financial stability can also support … financial stability as an objective of monetary policy, developing a macroprudential framework for financial surveillance and …
Persistent link: https://www.econbiz.de/10008907795