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This paper asks how Asia should prepare for the disorderly correction of global imbalances. It recommends tightening … easily if they are coordinated within Asia. …
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The financial crisis, originated from the collapse of US housing markets in 2008, reverberates around the world. Its destructive force was felt nowhere more keenly than Western Europe. Indeed, it continues to mire in financial volatility as the debt problem contagiously spreads around the...
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We examine the determinants of financial development in Asia and the Pacific from 1995 to 2011. To do so, we apply the …
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