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As a response to multiple financial shocks, international standards have disappointed. Consensus-seeking has stifled innovation, perpetuating outdated regulatory concepts at a time of rapid market change. Different forces are at work now. Markets are complex and idiosyncratic; they may not be...
Persistent link: https://www.econbiz.de/10012910271
This paper reviews the East Asian experience with financial integration, how economies in the region have responded to shocks, and what they may do to continue to thrive in the future. It discusses openness to capital flows as a key aspect of financial integration, briefly considering the...
Persistent link: https://www.econbiz.de/10010195689
sales and employment growth for foreign firms. In addition, government support distorts credit allocation in the home market …
Persistent link: https://www.econbiz.de/10012892862
This paper reviews the East Asian experience with financial integration, how economies in the region have responded to shocks, and what they may do to continue to thrive in the future. It discusses openness to capital flows as a key aspect of financial integration, briefly considering the...
Persistent link: https://www.econbiz.de/10012947550
Recent studies have conjectured that there may be a link between financial liberalization and financial instability in emerging economies. Most of these studies, however, do not investigate whether emerging economies are becoming structurally more vulnerable to currency and banking crises. In...
Persistent link: https://www.econbiz.de/10010518147
We focus on the first 20 years of the Euro, from 1999 to 2019, and we split this period into two approximate decades to examine the performance of three benchmarks: the real GDP quarterly growth, the annualized real per capita GDP changes and unemployment. These illustrate that the under...
Persistent link: https://www.econbiz.de/10012834156
This paper aims to examine the Indonesian experience with the 2008/09 global economic crisis. The paper is based on secondary data analysis and a review of key literature. It has three main parts. The first part provides empirical evidence of the impact of the crisis on Indonesian economy. The...
Persistent link: https://www.econbiz.de/10013123622
We examine vulnerability to poverty in Tajikistan during the global financial crisis, focusing on the roles played by … to estimate a Markov transition probability matrix with the aim of identifying the vulnerability of households to poverty …. Importantly, by introducing the index of vulnerability as the weighted probability of a household falling into poverty over a …
Persistent link: https://www.econbiz.de/10011502647
We examine vulnerability to poverty in Tajikistan during the global financial crisis, focusing on the roles played by … to estimate a Markov transition probability matrix with the aim of identifying the vulnerability of households to poverty …. Importantly, by introducing the index of vulnerability as the weighted probability of a household falling into poverty over a …
Persistent link: https://www.econbiz.de/10011516589
We examine vulnerability to poverty in Tajikistan during the global financial crisis, focusing on the roles played by … to estimate a Markov transition probability matrix with the aim of identifying the vulnerability of households to poverty …. Importantly, by introducing the index of vulnerability as the weighted probability of a household falling into poverty over a …
Persistent link: https://www.econbiz.de/10011516678