Showing 1 - 10 of 51
This paper tests for evidence of contagion between the financial markets of Thailand, Malaysia, Indonesia, Korea, and the Philippines. Cross-country correlations among currencies and sovereign spreads are found to increase significantly during the crisis period, whereas the equity market...
Persistent link: https://www.econbiz.de/10013212114
There is a role for Asia's financial sector to play to address the challenges associated with the region's changing … demographics and infrastructure investment needs. Enhancing financial innovation and integration in the region could facilitate … intra-regional financial flows and mobilize resources from the aging savers in industrialized Asia to finance infrastructure …
Persistent link: https://www.econbiz.de/10013049518
developing Asia, have strengthened economic links between the Far East and Saudi Arabia. Second, financial sector development in … developing Asia's growth cycle for the Saudi economy, while the latter suggests greater influence of U.S. monetary policy on the … non-oil economy through the peg to the U.S dollar. As a result, divergence between the growth cycles in developing Asia …
Persistent link: https://www.econbiz.de/10013084477
This paper investigates the extent to which output has recovered from the Asian crisis. A regime-switching approach that introduces two state variables is used to decompose recessions in a set of six Asian countries into permanent and transitory components. While growth recovered fairly quickly...
Persistent link: https://www.econbiz.de/10014073466
. But, after the crisis, Asia's sovereign spreads normalized, despite the debt crisis in the euro area, reflecting a fall in …
Persistent link: https://www.econbiz.de/10013124056
Net capital flows to emerging Asia rebounded at a record pace following the global financial crisis, raising concerns …
Persistent link: https://www.econbiz.de/10013102274
theory, as well as accounting literature, we find evidence of greater idiosyncratic influences in the pricing of Asia's stock …Stock markets play a key role in corporate financing in Asia. However, despite their increasing importance in terms of … stock pricing, which suggests that improvements in the regulation of securities markets in Asia could enhance the role of …
Persistent link: https://www.econbiz.de/10013056805
(FDEs) in Asia. This paper finds that spillovers emanating from the U.S. on FDEs in Asia have been small. The relative … insulation of emerging Asia from the global financial cycle can likely be attributed to the presence of managed capital accounts … developing Asia is likely to be small …
Persistent link: https://www.econbiz.de/10013027617
This paper synthesizes four lessons from the experiences of six Asian e-money schemes for central banks as they consider adopting central bank digital currency (CBDC): (i) CBDC should embody four attributes: trust, convenience, efficiency, and security; (ii) CBDC service providers can facilitate...
Persistent link: https://www.econbiz.de/10014350034
The study reveals agricultural import restrictions are widely applied in Asia, but that Japan and Korea impose lower …
Persistent link: https://www.econbiz.de/10012754385