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The main objective of this paper is to give an overview of the most commonly used housing policies and to illustrate their economic impact. To facilitate the analysis, we first introduce a simple two-period housing demand model for owner-occupied houses and rental houses. We then add a standard...
Persistent link: https://www.econbiz.de/10010519204
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
Asia's economic success to have fully functioning support measures for SMEs. However, SMEs face challenges from limited … growth in Asia including i) lack of finance, ii) lack of comprehensive databases, iii) low level of R&D expenditures, and iv …
Persistent link: https://www.econbiz.de/10011452863
-sized enterprises (SMEs) in Asia. Owing to their significance to national economies, it is important to find ways to provide SMEs with …
Persistent link: https://www.econbiz.de/10011522082
We estimate the response of Asian stock market prices to exogenous monetary policy shocks using a vector error correction model. In our paper, monetary policy transmits to stock market price through three routes: money by itself, exchange rate, and inflation. Our result points to the fact that...
Persistent link: https://www.econbiz.de/10010400823
This paper discusses desirable exchange rate regimes and how countries can shift from their current regimes to these regimes over the medium term. We demonstrate the superiority of a basket-peg regime with the basket weight rule over a floating regime with the interest rate rule or the money...
Persistent link: https://www.econbiz.de/10010420010
bank-dominated financial systems in Asia, banks are the main source of financing for SMEs. For financial institutions, it …
Persistent link: https://www.econbiz.de/10011383687
Persistent link: https://www.econbiz.de/10001891222
The middle-income trap is a serious problem in developing Asia and Pacific economies. Middle-income trap is the … to the development of middle-income countries. By using a data set consisting of 12 Asia and Pacific middle …
Persistent link: https://www.econbiz.de/10012841198
While discussing the enhancement of the connectivity between Europe and Asia, we explore a new area of cooperation …, which is the use of European long-term investment funds in Asia's infrastructure. We argue that, if Asian countries agree to …-term investment funds, such as pension and insurance funds. This will create a win–win situation for both Asia and Europe, because …
Persistent link: https://www.econbiz.de/10012822930