This paper explores the extent to which changes to long-term interest rates in major advanced economies have influenced long-term government bond yields in Emerging Asia. To gauge long-term interest spillover effects, the paper uses VAR variance decompositions with high frequency data. Our...

This paper explores the impact of advanced countries' quantitative easing on emerging market economies (EMEs) and how macroprudential policy and good governance play a role in preventing potential financial vulnerabilities. We used confidential locational bank statistics data from the Bank for...

Developments in regional financing arrangements, such as the strengthening of the Chiang Mai Initiative in East Asia, and the increased lending in the global financial crisis are increasingly raising questions about their contribution to the stability of the international financial system, and...

Against the backdrop of the International Monetary Fund’s (IMF) increasing focus on crisis prevention measures and the G20’s discussion of “global safety nets”, this paper analyses the IMF’s tools for crisis prevention, with particular emphasis on the recently developed Flexible Credit...

This article makes the case for strengthening co-operation between regional financing arrangements (RFAs) and the International Monetary Fund (IMF), and examines ways to do so. It argues that ex ante co-operation between RFAs and the IMF is needed to reduce the risk of co-operation failing in...

This paper investigates the empirical significance of push- and pull factors of different types of capital flows – FDI, portfolio and “others” (including loans) – to emerging market and developing economies. Based on an extensive quarterly mixed time-series panel dataset for 32 emerging...

Global politics were recently graced with a new, influential steering committee. Since the global financial crisis, the leaders of the 19 most important industrial and emerging countries, as well as the EU, have been striving to stabilize the world economy. Nevertheless, there are many questions...

The UN Conference on Financing for Development in Addis Ababa in July 2015 will pave the way for the implementation of the post-2015 development agenda. The Briefing Paper series “Financing Global Development“ analyses key financial and non-financial means of implementation for the new...

The UN Conference on Financing for Development in Addis Ababa in July 2015 will pave the way for the implementation of the post-2015 development agenda. The Briefing Paper series “Financing Global Development” analyses key financial and non-financial means of implementation for the new...

Seit Kurzem ist die Weltpolitik um ein einflussreiches Steuerungsgremium reicher. Die globale Finanzkrise hat dazu geführt, dass sich die Staats- und Regierungschefs von 19 mächtigen Industrie- und Schwellenländern sowie der EU seit dem Jahr 2008 gemeinsam um die Stabilisierung der...