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China and Singapore economies have witnessed a surge in the financial deepening index in recent years whereas Hong Kong and … financial system of Singapore whereas the financial systems of China, Hong Kong and Korea are equally attended by both types of …
Persistent link: https://www.econbiz.de/10010668599
Most developing countries have imposed restrictions on domestic and international financial transactions at one time or another. Such restrictions have allowed governments to generate significant proportions of their revenues from financial repression while restraining inflation. The eventual...
Persistent link: https://www.econbiz.de/10005826206
A widely held nostrum is that countries should exit heavily managed exchange rate regimes when the going is good, rather than when the exchange rate is under pressure to depreciate. Have countries followed this advice in practice? And, if so, how good has the going been? We find that in the past...
Persistent link: https://www.econbiz.de/10005769205
We analyze the costs and benefits of full dollarization compared to its closest alternative, a currency board, quantifying for Argentina where possible. Potential advantages include lower borrowing costs and deeper integration into world markets. One cost is the transfer of seigniorage to the...
Persistent link: https://www.econbiz.de/10005605277
-run perspective, manufacturing exporters in East Asia adopted financial mercantilism-subsidizing the cost of capital- during decades …
Persistent link: https://www.econbiz.de/10005768855
developing Asia, have strengthened economic links between the Far East and Saudi Arabia. Second, financial sector development in … Asia and the United States has the potential to increasingly generate tension between policy objectives in Saudi Arabia. …
Persistent link: https://www.econbiz.de/10011142130
Sharp increase in house prices combined with the extraordinary lending growth in Mainland China during 2009 has led to … concerns of an emerging real estate bubble. We find that, for China as a whole, the current levels of house prices do not seem …€™ mass-market and luxury segments. Unlike advanced economies before 2007-8, prices have tended to correct frequently in China …
Persistent link: https://www.econbiz.de/10008837876
This report summarizes the results of discussions among ASEAN+3 central bank and central securities depository officers who voluntarily participated in the Cross-border Settlement Infrastructure Forum (CSIF). ASEAN+3 finance ministers and central bank governors endorsed the establishment of the...
Persistent link: https://www.econbiz.de/10010942323
firms in a FDI-recipient region—Guangdong Province, China—and analyzes the policy implications of the comparison for the …
Persistent link: https://www.econbiz.de/10005150827
—to compete in the 21st Century global economy? Countries including China, Korea, Japan and Singapore have begun to integrate … No Child Left Behind testing and budget cut-backs) to move away from that model. Developments in China (including Hong …
Persistent link: https://www.econbiz.de/10009393784