Showing 1 - 10 of 156
Developing Asia's financial depth as a whole compares favorably with other parts of the developing world, but there are …
Persistent link: https://www.econbiz.de/10013002510
frequent, longer lasting, and more severe in Asia than in the Organisation for Economic Co-operation and Development countries … financial crises or recessions in Asia. In view of the current global crisis and severe financial downturns, Asian economies are …
Persistent link: https://www.econbiz.de/10013143573
Developing Asia has weathered the global economic crisis well and is experiencing a rapid, robust V-shaped recovery … the impact of fiscal stimulus on developing Asia's gross domestic product growth during the crisis. Our main finding is …
Persistent link: https://www.econbiz.de/10013137371
More than 20 years after the Asian financial crisis, the region’s continued high reliance on United States (US) dollar-denominated funding has significant implications for the transmission of global financial conditions to domestic financial and macroeconomic circumstances. Given limited...
Persistent link: https://www.econbiz.de/10013231710
We examine the determinants of financial development in Asia and the Pacific from 1995 to 2011. To do so, we apply the …
Persistent link: https://www.econbiz.de/10013009668
We construct an index of financial development for 23 Asian economies based on subindices of access, depth, and efficiency of financial institutions and markets and find evidence that economies with weaker financial systems are catching up to the Asian benchmark economies, namely Hong Kong,...
Persistent link: https://www.econbiz.de/10013009691
implications for Asia which, despite being the new engine of growth to the world economy, continues to be challenged by the … persistent gap between developments in its financial and real sectors. This paper examines how Asia's financial and economic …, and shallow regional financial markets. The situation compromises Asia's ability to respond to the financial needs of its …
Persistent link: https://www.econbiz.de/10013111393
Motivated by the literature on the finance – growth nexus, this paper explores the mechanisms through which finance affects corporate investments and capital accumulation. We separate the effects of financial conditions from those of financial development. Based on a sample of firms from five...
Persistent link: https://www.econbiz.de/10013082237
This paper assesses the accuracy of Asian Development Outlook growth and inflation forecasts for 43 Asian economies from 2007 to 2016, against the benchmark of World Economic Outlook projections by the International Monetary Fund. They are found to overlap quite closely, notwithstanding much...
Persistent link: https://www.econbiz.de/10012892014
The Asian Development Outlook (ADO) provides growth and inflation forecasts for more than 40 economies in the region. This paper assesses the accuracy of those forecasts against actual outcomes for the years from 2008 to 2011. The World Economic Outlook (WEO) forecasts by the International...
Persistent link: https://www.econbiz.de/10013049286