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To the extent that financial contagion from the United States and the euro area crisis has occurred in Asia, this paper focuses on the importance of strengthening the regional financial safety nets. By conjecturing that efforts to prevent and manage a crisis are the essence of providing such...
Persistent link: https://www.econbiz.de/10009714528
This study examines the relationship between current-account imbalances and economic growth during the 2008-2009 financial and economic crisis for 179 countries (covered by IMF data) and within the EU-27 countries (covered by Eurostat data). The countries are divided into 4 groups by GDP per...
Persistent link: https://www.econbiz.de/10010406280
In der Euro-Krise gingen starke Änderungen in internationalen Kapitalflüssen mit großer makroökonomischer Unsicherheit einher. Zwar ist es offensichtlich, dass beide Faktoren ökonomische Schocks auslösen bzw. verstärken können, es ist aber derzeit unklar, inwiefern sie direkt miteinander...
Persistent link: https://www.econbiz.de/10010221882
This paper investigates wether the ongoing financial crisis has destabilized the microstructures of ASEAN stock market. Using daily stock market data from 2007 to 2010, we first develop a set of monthly country-level liquidity, efficiency, international integration and volatility indicators. We...
Persistent link: https://www.econbiz.de/10013131016
There are striking similarities between the 'Krach' of 1929 and the current euro area debt crisis concerning the adjustment mechanisms involved overcoming international trade imbalances caused then by the German Transfer Problem and war reparations in general and now by intra-euro-area trade...
Persistent link: https://www.econbiz.de/10013098911
To the extent that financial contagion from the United States and the euro area crisis has occurred in Asia, this paper focuses on the importance of strengthening the regional financial safety nets. By conjecturing that efforts to prevent and manage a crisis are the essence of providing such...
Persistent link: https://www.econbiz.de/10013085561
This paper describes a new analytical framework for the quantitative assessment of international external positions. The framework links each country's current net foreign asset position to its current trade flows, forecasts of future trade flows, and expectations concerning future returns on...
Persistent link: https://www.econbiz.de/10013073447
In this paper, we study the relationship between banking crises, external financial crises and gross international … capital flows. First, we confirm that banking and external crises are correlated. Then, as we explore the role of gross … repatriation we call gross foreign investment reversals (GIR) – predict banking as well as external crises. Finally, we estimate …
Persistent link: https://www.econbiz.de/10012969011
renewed financial globalization. The crisis shows the characteristic pattern evident in so many other crises in the developing …
Persistent link: https://www.econbiz.de/10012978352
capital mobility, sudden stops of capital inflows may occur, typically triggering financial crises. The latest financial …
Persistent link: https://www.econbiz.de/10013051898