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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
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
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
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
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
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
The paper analyzes the impact of major policy changes on banking structure, performance and competition, using bank-specific data from 1990-2002. We find that the entry of more market players is correlated with drops in interest spread and profits which, partly, bespeaks of possible dissipation...
Persistent link: https://www.econbiz.de/10009365221
Ten years after the crisis, Indonesia is still struggling to solve the problems in four major issues : economic stabilization and recovery, democratic transition and political reform, decentralization of political power, and the redefinition of national identity. This paper will explain the...
Persistent link: https://www.econbiz.de/10009363280
No society is devoid of institutions but many live with poor institutions. Institutions promote growth. This is a view now held firmly and widely. The task then is to engineer growth-promoting institutions. Endogeneity characterises institutions; for example, groups enjoying political power...
Persistent link: https://www.econbiz.de/10009363719
We analyze the role of debt in corporate governance with respect to a large emerging economy, India, where debt has been an important source of external finance. First, we examine the extent to which debt acts as a disciplining device in those corporations where potential for over investment is...
Persistent link: https://www.econbiz.de/10009365427