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ASEAN Economic Community (AEC) is the vision of 10 nations in South East Asia to form a single common market and production based that will foster growth in the region. One of the pillars of AEC is financial integration which goaled to allow a seemingly interconnected capital market in South...
Persistent link: https://www.econbiz.de/10012914408
The world economy seems to have stabilized in the first months of the year. The underlying growth dynamics, however, remain weak although we expect growth to accelerate somewhat going forward. This year, global output (at PPP exchange rates) will expand by 3.1 percent, which is close to last...
Persistent link: https://www.econbiz.de/10012061501
Following a weak start into 2015, the global economy is expected to pick up again in the course of this year. Average annual world output growth will nevertheless remain sluggish at 3.4 percent on a purchasing power parity weighted basis, before accelerating modestly to 3.8 percent next year....
Persistent link: https://www.econbiz.de/10012061571
This contribution applies the cointegrated vector autoregressive (CVAR) model to analyze the long-run behavior and short-run dynamics of stock markets across five developed and three emerging economies. The main objective is to check whether liquidity conditions play an important role in stock...
Persistent link: https://www.econbiz.de/10014015328
Persistent link: https://www.econbiz.de/10009125795
Nach den Finanzkrisen der 1990er Jahre haben sich in Asien und Lateinamerika Formen eines monetären Regionalismus (mR) herausgebildet, die das gemeinsame Ziel verfolgen, die eigene Region vor zukünftigen Finanzkrisen zu schützen. Dabei fallen wesentliche Unterschiede im Vorankommen der beiden...
Persistent link: https://www.econbiz.de/10003982942
Persistent link: https://www.econbiz.de/10011989333
ASEAN leaders approved the ASEAN Vision 2020 plan which attempts to turn ASEAN into a more competitive region within the world economy. The purpose of this paper is to discuss the feasibility of monetary and financial integration among ASEAN member countries. Monetary and financial integration...
Persistent link: https://www.econbiz.de/10012981458
unemployment between a developed, economically integrated area (Eurozone) and a developing one (ASEAN), a decade before and after … the euro was introduced. The most interesting issue is whether macroeconomic policy coordination in the Eurozone has had … and productivity in the Eurozone. Imposing macroeconomic policy variables associated with MC on convergence and growth in …
Persistent link: https://www.econbiz.de/10009693477
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