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International reserves and swap lines: Substitutes or complements?

Aizenman, Joshua; Jinjarak, Yothin; Park, Donghyun - 2010

Developing Asia experienced a sharp surge in foreign currency reserves prior to the 2008-9 crisis. The global crisis …

Persistent link: https://www.econbiz.de/10010287777

Aizenman, Joshua; Jinjarak, Yothin; Park, Donghyun - 2011

developing economy counterparts, this paper evaluates Asian swap arrangements and their association with the build-up of foreign …

Persistent link: https://www.econbiz.de/10014179703

Surfing the Waves of Globalization : Asia and Financial Globalization in the Context of the Trilemma

Aizenman, Joshua; Chinn, Menzie David; Itō, Hiro - 2010

we examine how policy configurations affect macroeconomic performances, with focus on the Asian economies. We find that … rate stability while holding a massive amount of IR. Asian emerging market economies are found to be equipped with …

Persistent link: https://www.econbiz.de/10014045505

Surfing the Waves of Globalization : Asia and Financial Globalization in the Context of the Trilemma

Aizenman, Joshua - 2010

examines how policy configurations affect macroeconomic performances with focus on the Asian economies. We find that the three … holding a massive amount of IR. Asian emerging market economies are found to be equipped with macroeconomic policy …

Persistent link: https://www.econbiz.de/10013142882

Trilemma and Financial Stability Configurations in Asia

Aizenman, Joshua - 2011

This paper takes stock of recent research dealing with the degree to which the trilemma choices of Asian countries … adjustment to the post-crisis challenges. We point out that emerging Asia has converged to a middle ground of the trilemma …

Persistent link: https://www.econbiz.de/10013118911

The Relationship between Structural Change and Inequality : A Conceptual Overview with Special Reference to Developing Asia

Aizenman, Joshua - 2012

of the exceptionally rapid economic growth, which enabled developing Asia to raise living standards and reduce poverty at …

Persistent link: https://www.econbiz.de/10013098015

Surfing the Waves of Globalization : Asia and Financial Globalization in the Context of the Trilemma

Aizenman, Joshua - 2010

policy configurations affect macroeconomic performances, with focus on the Asian economies. We find that the three policy … a more open economy would prefer pursuing greater exchange rate stability while holding a massive amount of IR. Asian …

Persistent link: https://www.econbiz.de/10013145228

International Reserves and Swap Lines : Substitutes or Complements?

Aizenman, Joshua - 2010

Developing Asia experienced a sharp surge in foreign currency reserves prior to the 2008-9 crisis. The global crisis …

Persistent link: https://www.econbiz.de/10013146950

Living with the Trilemma Constraint : Relative Trilemma Policy Divergence, Crises, and Output Losses for Developing Countries

Aizenman, Joshua - 2013

countries tended to reduce their financial integration in the aftermath of a crisis, while this is not the case for the Asian … crisis countries. The Asian crisis countries tended to reduce the degree of relative policy divergence in the aftermath of …

Persistent link: https://www.econbiz.de/10013075864

International reserves and swap lines in times of financial distress : overview and interpretations

Aizenman, Joshua - 2010

In this paper I review the use of precautionary measures aimed at mitigating emerging markets' exposure to fragility associated with financial integration. The discussion draws possible lessons from the ongoing global liquidity crisis. The fear of losing international reserves (IR) constrained...

Persistent link: https://www.econbiz.de/10003928113