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The co-existence of the ‘twin’ banking and currency crises in emerging market economies has raised concerns regarding the underlying causes and potential remedies. Literatures suggest that there are at least three major approaches that could be used to explain the phenomenon: the...
Persistent link: https://www.econbiz.de/10010559033
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced …
Persistent link: https://www.econbiz.de/10011277005
In 1979 the United States and China established normal diplomatic relations, allowing me to visit China and study the … the government of the People’s Republic of China in the 1980s and the 1990s this is an opportune moment for me to … experience of China’s economic reform. At the beginning I should comment on the quality of Chinese official data on which almost …
Persistent link: https://www.econbiz.de/10010720739
Persistent link: https://www.econbiz.de/10004998593
Islamic finance has become an increasingly popular subject in recent years. Some Islamic investment vehicles have even become popular in the non-Islamic world, although the growth in their popularity has been dampened by lack of knowledge of their existence, their nature and their relative...
Persistent link: https://www.econbiz.de/10012722460
Developing markets like China, Pakistan and India are becoming extremely important for investments. Therefore, this … Pakistan, China and India for a period of around 20 years. The naiuml;ve random walk model is compared against a model based on …
Persistent link: https://www.econbiz.de/10012725406
This study looks at the first two years of the banking crisis that erupted in Indonesia in late 1997. It finds that the banking sector was weak at the outset, and that governance problems intensified the crisis and seriously delayed its resolution. Although a strategy was put in place over the...
Persistent link: https://www.econbiz.de/10012782909
In the nineteenth century the steps taken to modernize the Middle East's financial system included the legalization of interest, the establishment of secular courts open to both actual and juristic persons, and new banking regulations based largely on Western models. Exploring why they involved...
Persistent link: https://www.econbiz.de/10012712107
Some argue that corporate finance and governance practices were among the root causes of the Asian crisis. It is alleged that high and increasing corporate debt ratios were partly to blame. This claim is overstated: Only South Korea and arguably Thailand had leverage ratios significantly above...
Persistent link: https://www.econbiz.de/10012719224
Per the invitation of the 2008 China-US Forum and Gala Organizers, the author shared China's experience on financial … reform and opening-up over the past three decades on a step-by-step basis. During this process, China has created some unique … reflections of China's financial reform and opening-up: (i) an appropriate sequence of reform measures matters; (ii) good …
Persistent link: https://www.econbiz.de/10012720073