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Capital Flows, Financial Intermediation and Macroprudential Policies
Ghilardi, Matteo; Peiris, Shanaka J. - International Monetary Fund (IMF) - 2014
, macro-financial linkages, and macroprudential policies in emerging Asia. The key result is that macro-prudential measures …
Persistent link: https://www.econbiz.de/10010959468
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Risk Sharing and Financial Contagion in Asia; An Asset Price Perspective
Rungcharoenkitkul, Phurichai - International Monetary Fund (IMF) - 2011
This paper assesses financial integration in Asia in terms of risk-sharing benefit versus financial-contagion cost. We … discount factors. Risk sharing is low in Asia, and varies across time and countries, whereas contagion risks are more … differentials. Asia, therefore, can potentially enhance risk sharing without raising contagion risk. …
Persistent link: https://www.econbiz.de/10009369441
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Regaining Financial Stability: Taming Financial Markets Is a Must – a Focus on NMSs
Daniel, Dăianu - In: Revista OEconomica (2011) 01
There is a line of reasoning which argues that the main source of the current financial crisis is the cheap money of the past, which would have caused large global imbalances and another, that I share, is that something wrong has been occurring with overall financial intermediation. The...
Persistent link: https://www.econbiz.de/10010965566
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Securitization: The Road Ahead
Basurto, Miguel A. Segoviano; Jones, Bradley; Lindner, Peter - International Monetary Fund (IMF) - 2015
The discussion in this note seeks to preserve the beneficial features of securitization while mitigating those that may pose risks to financial stability. A comprehensive set of reforms—targeting both supply- and demand-side inefficiencies—will be needed to put securitization back...
Persistent link: https://www.econbiz.de/10011163129
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Liquidity, Financial Intermediation, and Monetary Policy in a New Monetarist Model
Williamson, Stephen - Volkswirtschaftliche Fakultät, … - 2009
A model of monetary exchange with private financial intermediation is constructed. Claims on financial intermedaries of two types are traded in transactions: circulating notes and deposits. There can be a role for the government in supplying liqudity, and level changes in the money supply...
Persistent link: https://www.econbiz.de/10008636461
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Lax Public Sector, Destabilizing Private Sector: Origins of Capital Market Crises
Taylor, Lance - Bernard Schwartz Center for Economic Policy Analysis … - 1998
payments crises in the Southern Cone around 1980, Mexico in 1994-95, East Asia in 1997-98, and Russia in 1998 in light of … foreign holdings; (4) regulation of the system is lax and probably pro-cyclical; (5) stock-flow repercussions of these … East Asia. …
Persistent link: https://www.econbiz.de/10005450677
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The Exchange Rate Regime in Asia: From Crisis to Crisis
Shah, Ajay; Patnaik, Ila; Sethy, Anmol; … - eSocialSciences - 2010
durable Bretton Woods II arrangement, Asia then went on to slowly raise flexibility and reduce the role for the US Dollar …
Persistent link: https://www.econbiz.de/10008599384
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Argentina's Currency Crisis: Lessons for Asia
Spiegel, Mark M. - Inter-American Development Bank - 2002
the failure of Argentina's exchange rate arrangement provides important lessons for potential pegged regimes in Asia. …
Persistent link: https://www.econbiz.de/10009198379
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News, Contagion, and Anticipation: Understanding the Differences between the Asian and the Latin American Crises
Rigobón, Roberto; Wei, Shang-Jin - Inter-American Development Bank - 2003
In this paper we argue that the main difference between the crises is their degree of anticipation. In particular the Asian crises was widely unanticipated, while the Argentinean and Brazil crises were anticipated.
Persistent link: https://www.econbiz.de/10009199145
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Why Was Asia Resilient? Lessons from the Past and for the Future
Jeasakul, Phakawa; Lim, Cheng Hoon; Lundbäck, Erik J. - International Monetary Fund (IMF) - 2014
Asia proved to be remarkably resilient in the face of the global financial crisis, but why was its output performance … the global financial crisis. Looking ahead, Asia is in the process of adjusting to more volatile external conditions and …
Persistent link: https://www.econbiz.de/10011142139