Showing 1 - 10 of 6,904
Persistent link: https://www.econbiz.de/10013460739
This paper investigates the extent of concordance in financial crises by both asset market and country in six Asian countries over the period 1970-2002. To that purpose we adapt a concordance index to deal with the typically low incidence of financial crises in both bivariate and multivariate...
Persistent link: https://www.econbiz.de/10010905839
The relationship between the US and Asia will be the single biggest determinant in the evolution of the global economic … regional blocs. Asia holds the key, combining both dissatisfaction with existing global arrangements with the resources to … reconstitute, at least at the regional level, an alternative set of institutions and practices. How Asia responds will partly …
Persistent link: https://www.econbiz.de/10005025699
The Asian financial crisis of 1997-98 was one of the most dramatic economic events of recent times, which raised many questions regarding the appropriate policy response to financial crises. This paper reviews the experience of this crisis, focusing on the overall strategy of crisis management...
Persistent link: https://www.econbiz.de/10005263845
reveal that the magnitude of India’s trade potential is at its maximum in the Asia-Pacific region, followed by Africa and …
Persistent link: https://www.econbiz.de/10009421183
The policy measures taken to date in the Asia-Pacific region are helping to cushion the blow of the global recession …
Persistent link: https://www.econbiz.de/10009363687
preventing and mitigating financial crises? This paper reviews and compares the experiences of Europe and Asia, which have taken … this background, the crisis is a wake-up call for further progress on monetary integration in Asia along the lines of the …
Persistent link: https://www.econbiz.de/10009363805
This paper aims to quantify the political risk effect and its different economic implications in normal and crisis situations through the proxy analysis of election and the sovereign bond spreads. Our study leads to three main findings. First, in normal economic situations, elections and...
Persistent link: https://www.econbiz.de/10010840967
constraints in acquiring local currency and foreign currency liquidity in the corporate sector in Asia as foreign banks withdrew … investments from Asia. Furthermore, Asia needs large long term capital (US$ 750 billion per year for 2010–2020) for developing … productive investments in Asia. To enhance corporate bond financing, it is important to examine factors that affect the effective …
Persistent link: https://www.econbiz.de/10010608142
This study offers a new perspective on crisis transmission through an examination of herding contagion during 2008-global financial crisis across Asian and European financial markets. Using a bivariate GARCH-BEKK model, results show that the volatility of US stock market during the subprime...
Persistent link: https://www.econbiz.de/10010754852