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The COVID-19 pandemic has badly affected economic activities. In emerging Asia, where small family businesses play …) and the Central Asia Regional Economic Cooperation (CAREC) regions, this study investigates the role of coping strategies … mechanisms of business households in emerging Asia, which is important to encourage a recovery of the family business sector from …
Persistent link: https://www.econbiz.de/10014445520
Typhoons, floods, and other weather-related shocks can inflict suffering on local populations and create life-threatening conditions for the poor. Yet, natural disasters also present a development opportunity to upgrade capital stock, adopt new technologies, enhance the risk-resiliency of...
Persistent link: https://www.econbiz.de/10011804470
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
rebalancing has special significance for Asia. While India, like other Asian economies, suffered only an indirect impact from the …
Persistent link: https://www.econbiz.de/10008907776
Pegging in a coordinated way to a regional basket currency is considered by many as optimal for east-Asian countries. By contrast, according to existing empirical studies, these countries have most often relied on noncooperative United States dollar or G3 pegs. We show for the first time that by...
Persistent link: https://www.econbiz.de/10008907807
financial crisis on Asian economies and the implications of post-crisis adjustment in emerging East Asia (EEA) for the world …
Persistent link: https://www.econbiz.de/10008732262
This paper reviews recent state interventions in financial crises and draws lessons for crisis management. A number of areas are identified where crisis management could be strengthened, including with regard to the tools and instruments used to involve the private sector in crisis resolution...
Persistent link: https://www.econbiz.de/10008732347
This paper discusses the role of state intervention for prevention, containment, and resolution of financial crises based mainly on the Korean experience during the 1997 Asian financial crisis. Crises in emerging market and developing economies tend to be more complicated than those faced by...
Persistent link: https://www.econbiz.de/10003982933
It is widely believed that the practice of securitization is one of the causes that led to the 2007-08 financial crisis. In this paper, I show that securitized products such as collateralized debt obligations (CDO) are particularly vulnerable to systematic risk and tend to show higher tail risk....
Persistent link: https://www.econbiz.de/10003983112
This paper conducts an in-depth analysis of the impacts of the global financial crisis on the People's Republic of China's (PRC's) small and medium enterprises (SMEs). It also provides relevant policy suggestions at the end. First, this paper reviews the impacts of the 1997 Asian financial...
Persistent link: https://www.econbiz.de/10003928006