This paper analyzes why the global financial crisis in 2008 severely affected Asia's trade. Asia has been suffering … from the falls in export demand from developed countries. However the abrupt trade declines in Asia are not fully explained … developing economies and show different results for different countries in Asia. We employ a Markov-Switching FAVAR (Factor …

An export-oriented development strategy fostered the Asia Paci?c region?s economic success, making it the fastest … demand from China boosted intraregional trade in Asia. Although China?s Asian trading partners bene?t from increasing exports …

emerging Asia. Our main result is that, despite an appreciation of their currencies vis-a-vis the yen, the impact on emerging … Asia's GDP tended to be positive and significant. Our results suggest that the positive effect of QQE on expectations, by …