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Developing Asia's financial depth as a whole compares favorably with other parts of the developing world, but there are …
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The central objective of our paper is to empirically examine the relationship between financial development and income inequality. Theoretically, there are grounds for both a positive and negative relationship between the two variables. Our main finding is that financial development contributes...
Persistent link: https://www.econbiz.de/10011305273
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this important issue by (1)examining the effect of QE on capital flows into developing Asia, and (2) analyzing the …
Persistent link: https://www.econbiz.de/10010463662
inclusive growth than those in developing Asia. Therefore, as developing Asia explores the more active use of fiscal policy for … along with the need for developing Asia to maintain fiscal sustainability and economic growth. …
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While developing Asia has recovered strongly from the global crisis, the region faces the medium- and long … Asia's growth. Our results also confirm the relevance of supply-side factors, in particular human capital and openness to … trade, for developing Asia's medium- and long-term growth. The overarching implication for policy makers is that supply …
Persistent link: https://www.econbiz.de/10008826310
is a growing consensus that Asia's reserves now substantially exceed the levels required for precautionary purposes or … reserves in developing Asia have in fact reached excessive levels. Informal tests of reserve adequacy based on widely used … confirm the popular belief that developing Asia now has excessive foreign exchange reserves. Therefore, the short-run policy …
Persistent link: https://www.econbiz.de/10003878349