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other hand, the recent fuel and food price increases, a global shock in nature, are also likely to influence most Asian … policy issues faced by the policymakers in Asia. Recent studies show that East Asia is quite integrated in trade. Financial … deepening trade integration in East Asia indicates that the impact of slowdown in the US economy is not likely to be large …
Persistent link: https://www.econbiz.de/10003855375
This paper analyzed the impact of United States (US) monetary shocks on the economies of selected East Asian countries using a structural vector autoregression model. We found that the impacts of the US monetary shocks on domestic interest rates and exchange rates contradict conventional wisdom....
Persistent link: https://www.econbiz.de/10003928020
We estimate the response of Asian stock market prices to exogenous monetary policy shocks using a vector error correction model. In our paper, monetary policy transmits to stock market price through three routes: money by itself, exchange rate, and inflation. Our result points to the fact that...
Persistent link: https://www.econbiz.de/10010400823
Asian emerging market economies have recovered relatively well from the Great Recession of 2008-2009. Emerging Asia has …
Persistent link: https://www.econbiz.de/10011635404
on potential differences in the transmission of the monetary policy shock depending on the level of interest rates in the … country from where the shock originates, i.e., the euro area. A euro area monetary policy shock when euro area interest rates … are positive at the time the shock occurs tends to trigger positive spillovers to industrial production, house and stock …
Persistent link: https://www.econbiz.de/10011621228
affect longer-term producer price ERPT in emerging Asia; and (v) US monetary policy and VIX shocks mostly affect longer …-term consumer price ERPT in emerging Asia. …
Persistent link: https://www.econbiz.de/10014290882
This paper aims to identify the role of digitalization and infrastructure in two fast-growing Asian economies, namely India and the People's Republic of China (PRC), within the growth framework from1990 to 2019 by using panel 2SLS and the NARDL technique. The results show that internet and...
Persistent link: https://www.econbiz.de/10012500546
Can economic growth continue without degrading the quality of the environment? This question has led to a lot of inconclusive findings among researchers. This study examines the impact of greenfield investment, human capital, economic activities, and the role of institutions on the environment...
Persistent link: https://www.econbiz.de/10012163875
poverty reduction - in Asia. In exploring this relationship, this study goes beyond defining poverty by the income or … evidence that manufacturing growth has had a bearing on the inclusiveness of growth, especially in Southeast Asia in recent …
Persistent link: https://www.econbiz.de/10003901395
This paper reviews the effectiveness of unconventional monetary policies and their relevance for emerging markets. Such policies may be useful either when interbank rates fall to zero, or when a credit crunch or rise in risk premium impairs the normal transmission mechanism of monetary policy....
Persistent link: https://www.econbiz.de/10003901570