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Financial regulatory harmonization in East Asia: Balancing domestic and international pressures for corporate governance reforms
Carney, Richard W. - 2011
Is the harmonization of financial regulatory regimes possible in East Asia? Focusing on corporate governance, which many see as a critical part of the 1997 Asian financial crisis, and which is also seen as unresponsive to calls for change, this paper argues that such harmonization is possible,...
Persistent link: https://www.econbiz.de/10010286143
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Bank of Japan's exchange-traded fund purchases as an unprecedented monetary easing policy
Shirai, Sayuri - 2018
This paper highlights exchange-traded funds (ETF) purchases conducted by the Bank of Japan under Quantitative and …
Persistent link: https://www.econbiz.de/10011944249
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Applying the lessons of Asia: The IMF's crisis management strategy in 2008
Takagi, Shinji - 2010
The paper examines the recent European crisis management programs of the International Monetary Fund (IMF) to see how the lessons of Asia were applied. Compared to the Asian programs of 1997, the European programs of 2008 were better funded and their structural conditionality more focused. Other...
Persistent link: https://www.econbiz.de/10010286159
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Fiscal policy in a currency union at the zero lower bound
Cook, David; Devereux, Michael B. - 2018
When monetary policy is constrained by the zero lower bound, fiscal policy can be used to achieve macro stabilization objectives. At the same time, fiscal policy is also a key policy variable within a single currency area that allow policy-makers to respond to regional demand asymmetries. How do...
Persistent link: https://www.econbiz.de/10011944185
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Three arrows of "Abenomics" and the structural reform of Japan: Inflation targeting policy of the Central Bank, fiscal consolidation, and growth strategy
Yoshino, Naoyuki; Taghizadeh-Hesary, Farhad - 2014
"Abenomics" refers to the economic policies advocated by Prime Minister Shinzo Abe who became prime minister of Japan … experienced Japan's rapid growth of retired people. In this paper we will explain these three aspects of Abenomics and the current … state of the Japanese economy, and examine what further remedies may be required if Japan is to recover from its long …
Persistent link: https://www.econbiz.de/10011310989
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Monetary policy frameworks in Asia: Experience, lessons, and issues
Morgan, Peter J. - 2013
This paper analyzes the evolution of East Asian monetary policy frameworks over the past two decades, chiefly in response to shocks from the Asian financial crisis of 1997 - 1998 and the global financial crisis (GFC) of 2007 - 2009. The Asian financial crisis showed the importance of exchange...
Persistent link: https://www.econbiz.de/10010397275
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Government decentralization program in Indonesia
Nasution, Anwar - 2016
Without much preparation, Indonesia, in 2000, at a stroke replaced the previous system of centralized government and development planning with a wide range of decentralization programs. The reforms gave greater authority, political power, and financial resources directly to regencies and...
Persistent link: https://www.econbiz.de/10011688624
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Historical sources of institutional trajectories in economic development: China, Japan, and Korea compared
Aoki, Masahiko - 2012
sources of institutional trajectories of economic development in China, Japan, and Korea. It stylizes the Malthusian-phase of … states of Qing China, Tokugawa Japan, and Yi Korea by focusing on the way in which agricultural taxes were enforced. It also …
Persistent link: https://www.econbiz.de/10010397352
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Long-term issues for fiscal sustainability in emerging Asia
Kawai, Masahiro; Morgan, Peter J. - 2013
Japan, appear strong. This reflects a number of supportive factors, including strong underlying growth, conservative fiscal …
Persistent link: https://www.econbiz.de/10010397252
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Optimal fiscal policy rule for achieving fiscal sustainability: A Japanese case study
Yoshino, Naoyuki; Mizoguchi, Tetsuro; … - 2015
Japan's debt-to-gross domestic product (GDP) ratio is the highest among Organisation for Economic Co-operation and …
Persistent link: https://www.econbiz.de/10011311027