Narrow search
Showing 1 - 10 of 538
Cover Image
Prospective Deficits and the Asian Currency Crises
Burnside, Craig; Eichenbaum, Martin; Rebelo, Sérgio - C.E.P.R. Discussion Papers - 1998
This paper argues that the recent Southeast Asian currency crises was caused by large prospective deficits associated with implicit bailout guarantees to failing banking systems. We articulate this view using a simple dynamic general equilibrium model whose key feature is that a speculative...
Persistent link: https://www.econbiz.de/10005124184
Cover Image
An Empirical and Theoretical Study on the Wider Use of Local Currencies in the Asia-Pacific Region after the Asian Financial and Currency Crisis : An analysis focused on Thailand
Inoue, Ichiro - East Asian Bureau of Economic Research (EABER) - 2005
percentage to the home currency (the Thai baht). The private sectors elsewhere in the Asia-Pacific region also switched from the … banks also increased the share of local currencies elsewhere in the Asia-Pacific region; and the same is true with the non …
Persistent link: https://www.econbiz.de/10009363834
Cover Image
Crash Risk in Currency Markets
Farhi, Emmanuel; Fraiberger, Samuel P.; Gabaix, Xavier; … - C.E.P.R. Discussion Papers - 2009
How much of carry trade excess returns can be explained by the presence of disaster risk? To answer this question, we propose a simple structural model that includes both Gaussian and disaster risk premia and can be estimated even in samples that do not contain disasters. The model points to a...
Persistent link: https://www.econbiz.de/10005016245
Cover Image
Norms and Institution Formation
Francois, Patrick - C.E.P.R. Discussion Papers - 2008
This paper analyzes the dynamic interaction between norms - internalized restraints on opportunistic behaviour - and institutions - restraints on such behaviour deriving from external enforcement. When individuals following a norm suffer pecuniary losses to doing so, the norm is eroded....
Persistent link: https://www.econbiz.de/10005791452
Cover Image
The Global Economic Crisis : An Opportunity for Strengthening Asia’s Social Protection Systems?
Asher, Mukul G. - East Asian Bureau of Economic Research (EABER) - 2010
systems in Asia. This paper analyzes the key factors determining and the possible avenues for strengthening social protection … systems in Asia. The choice of an appropriate combination of avenues depends on the initial starting point, public policy … labor market trends in Asia. It stresses that rapid ageing and large, informal labor markets pose challenges for Asian …
Persistent link: https://www.econbiz.de/10009363321
Cover Image
Asian Energy Outlook to 2020 : Trends, Patterns and Imperatives of Regional Cooperation
Ito, Kokichi; Zhidong, Li; Komiyama, Ryoichi - East Asian Bureau of Economic Research (EABER) - 2005
With booming economic growth Asia will play increasingly important role in global economic and energy matters. World … increase in demand for oil in Asia will most likely amplify the dependency on shipments from other regions (particularly the … Middle East). Ensuring energy security would therefore turn out to be a vital task. In Asia (particularly East Asia), the …
Persistent link: https://www.econbiz.de/10009364018
Cover Image
Short-Term Policy Responses to the International Financial Crisis and Risks to Sustainable Medium-Term Policy Frameworks in Asia : Complications Arising from Enduring Global Imbala...
Filardo, Andrew - East Asian Bureau of Economic Research (EABER) - 2009
The policy measures taken to date in the Asia-Pacific region are helping to cushion the blow of the global recession …
Persistent link: https://www.econbiz.de/10009363687
Cover Image
The Financial Crisis : A Wake-Up Call for Strengthening Regional Monitoring of Financial Markets and Regional Coordination of Financial Sector Policies?
Winkler, Adalbert - East Asian Bureau of Economic Research (EABER) - 2010
preventing and mitigating financial crises? This paper reviews and compares the experiences of Europe and Asia, which have taken … this background, the crisis is a wake-up call for further progress on monetary integration in Asia along the lines of the …
Persistent link: https://www.econbiz.de/10009363805
Cover Image
The Financial Crisis, Rethinking of the Global Financial Architecture, and the Trilemma
Aizenman, Joshua; Chinna, Menzie D.; Ito, Hiro - East Asian Bureau of Economic Research (EABER) - 2010
This paper extends our previous paper (Aizenman, Chinn, and Ito 2008) and explores some of the unexplored questions. First, we examine the channels through which the trilemma policy configurations affect output volatility. Secondly, we investigate how trilemma policy configurations affect the...
Persistent link: https://www.econbiz.de/10009363366
Cover Image
Trade Policies and Development: Some New Issues
Rodrik, Dani - C.E.P.R. Discussion Papers - 1990
The 1980s have seen the beginnings of a change of heart among developing country policymakers, as the import-substitution consensus of the previous decade has all but evaporated. It is paradoxical that the 1980s should have become the decade of trade liberalization in LDCs, since this has also...
Persistent link: https://www.econbiz.de/10005281315