This paper studies the performance of China's exports during the 2008-2009 financial crisis. It focuses on the speed at which China's exports were hit by this downturn. Product-country monthly exports data is utilized. It is found that GDP growth rates of importing countries play an important...

Analysis of the financial crisis in East Asia has focussed on the most-affected East Asian economies, namely: Thailand, South Korea, Indonesia, Malaysia, and to a lesser extent the Philippines. However, these economies account for less than 15 percent of the GDP of East Asia. Japan, which...

All economists should be conversant with “what happened?” during the financial crisis of 2007-2009. We select and summarize 16 documents, including academic papers and reports from regulatory and international agencies. This reading list covers the key facts and mechanisms in the build-up of...

This study examines whether domestic banks perform better than their foreign-owned counterparts, by examining the banking system across eight Southeast Asian countries for the period 1994-2005. According to our results, banks' performance worsened in the post-Asian crisis period. The higher...

This paper studies the performance of China's exports during the 2008—2009 financial crisis. It focuses on the speed at which China's exports were hit by this downturn. Product-country monthly exports data is utilized. It is found that GDP growth rates of importing countries play an important...

The European Union was created to promote economic, cultural, and regional prosperity. However, the Global Financial Crisis demonstrates that its economic institutions are flawed. While each sovereign state in the Eurozone forfeits the control of its money supply, the lack of a common fiscal...

Bu makalede son donemde ABD de konut sektöründe fiyatların “balon etkisi” (konut fiyatlarının yapay olarak aşırı yükselmesi) neticesinde patlak veren ve kısa surede tüm dünya ülkeleri üzerinde etkili olan Global Finansal Krize sebebiyet veren faktörler (iktisadi ve...

We test the hypothesis that the government bond markets in the Eurozone are more fragile and more susceptible to self-fulfilling liquidity crises than in stand-alone countries. We find evidence that a significant part of the surge in the spreads of the PIGS countries in the Eurozone during...

This article, based on my Adam Smith Lecture at the 60th NABE Annual Meeting on September 2018, takes a selective global tour of some of the prominent economic and financial risks in advanced, emerging, and low-income developing economies. The primary emphasis is on near-term risks. The...