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Prospective Deficits and the Asian Currency Crises
Rebelo, Sergio T.; Eichenbaum, Martin; Burnside, A. Craig - 2005
The recent Asian currency crisis was caused by large prospective fiscal deficits associated with implicit bailout guarantees to failing banking systems. Absent the political will to raise taxes or cut spending, governments must resort to seignorage revenues to pay for the bailout of the banking...
Persistent link: https://www.econbiz.de/10014212487
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Cash Transfers and Temptation Goods : A Review of Global Evidence
Evans, David - 2017
supported by data from Latin America, Africa, and Asia. A growing number of studies from a range of contexts therefore indicate …
Persistent link: https://www.econbiz.de/10012973201
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Equity and Bond Flows to Asia and Latin America : The Role of Global and Country Factors
Lopez-Acevedo, Gladys - 2017
inflows. But country developments are at least as important in determining those flows, especially for Asia. They also find …
Persistent link: https://www.econbiz.de/10012746921
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Evaluating the Trade Effect of Developing Regional Trade Agreements : A Semi-Parametric Approach
Coulibaly, Souleymane - 2016
-Saharan Africa (ECOWAS and SADC), Asia (AFTA and SAPTA) and Latin America (CACM, CAN, and MERCOSUR), estimating their impacts on …
Persistent link: https://www.econbiz.de/10012747754
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Crisis and Contagion in East Asia : Nine Lessons
Kawai, Masahiro - 2017
The authors investigate the origins of the East Asian crisis and its contagion, examine the channels of contagion, and discuss policy recommendationsThey make detailed recommendations in the context of nine general lessons learned from the East Asian crisis. 1) Preventing crises and contagion:...
Persistent link: https://www.econbiz.de/10012946752
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The Impact of China?S Slowdown on the Asia Pacific Region : An Application of the Gvar Model
Inoue, Tomoo - 2017
An export-oriented development strategy fostered the Asia Paci?c region?s economic success, making it the fastest … demand from China boosted intraregional trade in Asia. Although China?s Asian trading partners bene?t from increasing exports …
Persistent link: https://www.econbiz.de/10012970834
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Diversification, Growth, and Volatility in Asia
Papageorgiou, Chris - 2017
extended period, developing Asia has on average been particularly successful in diversifying its exports, particularly in … is, through entry into completely new products. In addition, developing Asia has on average benefited significantly from …
Persistent link: https://www.econbiz.de/10012971321
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Good Countries or Good Projects? Comparing Macro and Micro Correlates of World Bank and Asian Development Bank Project Performance
Bulman, David Janoff - 2017
This paper examines the micro and macro correlates of aid project outcomes in a sample of 3,821 World Bank projects and 1,342 Asian Development Bank projects. Project outcomes vary much more within countries than between countries: country-level characteristics explain only 10?25 percent of...
Persistent link: https://www.econbiz.de/10012971850
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Cost-Effectiveness Measurement in Development : Accounting for Local Costs and Noisy Impacts
Evans, David - 2017
As evidence from rigorous impact evaluations grows in development, there have been more calls to complement impact evaluation analysis with cost analysis, so that policy makers can make investment decisions based on costs as well as impacts. This paper discusses important considerations for...
Persistent link: https://www.econbiz.de/10012972759
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Financial Development in Asia : Beyond Aggregate Indicators
Didier, Tatiana - 2017
This paper documents the major trends in financial development in Asia since the early 1990s and the spillovers to … firms. It compares Asia with advanced and emerging countries and uses both aggregate and disaggregate indicators. Financial … systems in Asia remain less developed than in advanced countries but more developed than in Eastern Europe and Latin America …
Persistent link: https://www.econbiz.de/10012973555