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Prospects for monetary cooperation in East Asia

Pak, Yŏng-chŏl; Song, Chi-young - 2011

's economic integration due to deflation, a strong yen, slow growth, and political instability. Japan would not eschew free … PRC. Otherwise, ASEAN+3 will lose its rationale for steering regional economic integration in East Asia. …

Persistent link: https://www.econbiz.de/10009315802

The financial trilemma in China and a comparative analysis with India

Aizenman, Joshua; Sengupta, Rajeswari - 2011

, exchange rate stability and financial integration subject to the constraints imposed by the Trilemma, in the era of deepening … failure of the Trilemma regression to capture any significant role for financial integration. One possible interpretation is … integration buffered by sizeable international reserves. -- Financial trilemma ; International reserves ; Foreign exchange …

Persistent link: https://www.econbiz.de/10009349229

Asian Crises : Theory, Evidence, Warning-Signals

Stein, Jerome L.; Lim, Guay C. - 2021

In July 1997, the economies of East Asia became embroiled in one of the worst financial crises of the postwar period. Yet, prior to the crisis, these economies were seen as models of economic growth experiencing sustained growth rates that exceeded those earlier thought unattainable. Why did the...

Persistent link: https://www.econbiz.de/10013319366

Macroeconomic challenges and the resilience of emerging market economies in the 21st century

Aizenman, Joshua - 2020

may hinder the efficacy and independency of central banks. This suggests experimenting with the integration of monetary …

Persistent link: https://www.econbiz.de/10012219537

The Post-Crisis Slump in the Euro Area and the US : Evidence from an Estimated Three-Region DSGE Model

Kollmann, Robert - 2016

The global financial crisis (2008-09) led to a sharp contraction in both Euro Area (EA) and US real activity, and was …

Persistent link: https://www.econbiz.de/10012998137

Dynamics of Net Foreign Asset Components in the EMU

Cesaroni, Tatiana - 2017

, financial openness and spreads) and institutional quality. Our results show that financial integration as well as interest rates …

Persistent link: https://www.econbiz.de/10012946225

The Chinese Economy in the Asian Financial Crisis : The Stability of RMB

Chang, Gene H - 1999

The Chinese economy has been reasonably stable during the Asian financial crisis. However, there is a widespread speculation about the prospect of the stability of RMB, the Chinese currency. While the Chinese government has repeatedly promised the stability of RMB, many oversea economists have...

Persistent link: https://www.econbiz.de/10014197230

Has China's Growth Gone From Miracle to Malady?

Prasad, Eswar S. - National Bureau of Economic Research - 2023

China's remarkable run of persistently high growth in recent decades is all the more stunning in light of the country's low levels of financial and institutional development, state-dominated economy, and nondemocratic government. Notwithstanding the inefficient and risky growth model, the...

Persistent link: https://www.econbiz.de/10014250169

International Financial Contagion : Why are Eastern Europe's Banks Not Failing When Everybody Else's are?

Weller, Christian E.; Morzuch, Bernard - 2001

While the Asian financial crisis spread to Russia and Brazil, the transition economies in Central and Eastern Europe (CEECs) are largely unaffected by international financial contagion. This is the more surprising considering that most economies have experienced severe banking sector problems in...

Persistent link: https://www.econbiz.de/10014133714

Sudden Stops, Banking Crises and Investment Collapses

Joyce, Joseph P.; Nabar, Malhar - 2018

We evaluate whether financial openness leaves emerging market economies vulnerable to the adverse effects of capital reversals (sudden stops) on domestic investment. We investigate this claim in a broad sample of emerging markets during the period 1976-2002. If the banking sector does not...

Persistent link: https://www.econbiz.de/10014052268