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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
The aftermath of the global financial crisis of 2007 - 2009 has called the export-led growth model of Asian economies into question. This paper describes the contribution that macroeconomic policy can make to promote a rebalancing of growth away from dependence on exports to developed economies...
Persistent link: https://www.econbiz.de/10008907795
aroused widespread concerns in Asia and elsewhere regarding its possible impact in terms of the weakening of the US dollar and … to Emerging Asia of $9 billion per quarter was estimated for the first two quarters of the QE2 period, which was …
Persistent link: https://www.econbiz.de/10009379704
Persistent link: https://www.econbiz.de/10009552570
Persistent link: https://www.econbiz.de/10009553921
example, the G20 and ASEAN+3 or East Asia Summit (EAS). Such a GFSN should include the IMF and RFAs at a minimum, and it is …
Persistent link: https://www.econbiz.de/10009492390
This paper assesses the case for promoting financial education in Asia. It argues that the benefits of investing in …, households will become increasingly responsible for their own retirement planning. Asia's evolving experience suggests that more …
Persistent link: https://www.econbiz.de/10011283722
Credit creation in the housing market has been a key source of systemic financial risk, and therefore is at the center of the debate on macroprudential policies. The loan-to-value (LTV) ratio is a widely used macroprudential tool aimed at moderating mortgage loan creation, and its effectiveness...
Persistent link: https://www.econbiz.de/10010526757
Persistent link: https://www.econbiz.de/10009691958
mediating role for regional-level institutions of financial regulation between national regulators in Asia and global … Asia in regional financial cooperation and regulation and draws lessons for Asia. The EU represents the most advanced stage … of regional financial integration and regulation in the world today, and can provide valuable lessons for Asia. Asia …
Persistent link: https://www.econbiz.de/10010240660