1 Introduction -- 2 Compatibility of Policies & Social Capital -- 3 Implementability of SC-Compatible Policies -- 4 Ranking Approach and Social Planners’ MSMEs Policy Preferences -- 5 Financing Gap & Digitalization -- 6 Network and Size -- 7 Summary -- Appendix A: Summary Statistics --...

Most studies attempting to link macroeconomic trends - particularly growth - and poverty have used aggregate cross-country data and unsophisticated regression models with limited usefulness for policy analyses. They do not really explain the mechanisms through which growth, let alone...

This study is using the case of one country, i.e., Indonesia. It describes how that country's economic policies evolved and why some of them may have planted the seeds for the subsequent crisis.The paper also discusses the dynamics and sequence of events that took place during the episode....

Slower growth and higher inflation can worsen poverty. By implication, maintaining macroeconomic stability is necessary to reduce poverty. When a typical aggregate demand (AD) policy for stabilization is not effective, however, its impact on poverty could be devastating as incomes of the poor...

In contrast to the situation that preceded the 1997–1998 Asian financial crisis, Asia today is a region with excess savings where corporate savings dominate. In the mid-2000s, the extent of liquidity was further amplified by massive capital flows, particularly bank-led flows. The flows were...

This paper is concerned with the development of a cooperative analysis approach for use by Diplomats and Negotiators in resolving certain difficult conflicts. It employs concepts from economics and peace science without any diminution of the urgent need for superb diplomacy and negotiations...

Although growth deceleration in the People’s Republic of China (PRC) is inevitable, if the country’s new direction of financial policy (on exchange rate, capital flows, banking, capital market) can be achieved, it will be good not only for the country but also for the rest of Asia. This is...

This paper employs multivariate GARCH models with a BEKK specification to show significant shock and volatility spillovers from mature bond markets into select emerging Asian local currency bond markets. Results reveal that while the growth of individual bond markets in recent years has been...