The pullbacks of capital inflows to developing Asia following the onset of the global financial crisis in 2008 have …

This paper documents the major trends in financial development in Asia since the early 1990s and the spillovers to … firms. It compares Asia with advanced and emerging countries and uses both aggregate and disaggregate indicators. Financial … systems in Asia remain less developed than in advanced countries but more developed than in Eastern Europe and Latin America …

Since 1950, the economies of East Asia grew rapidly but received little international capital, while Latin America … flows. We develop a DSGE model of Asia, Latin America, and the Rest of the World that features an open-economy business …