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global proportions. An amplification mechanism were the huge valuation losses on credit instruments, which dwarfed actual … losses from default. We argue that these valuation losses were driven not so much by a reassessment of risks as by a global … valuation losses on CDS contracts for these borrowers arose in large part from movements in global and regional risk pricing …
Persistent link: https://www.econbiz.de/10009363691
pensions is limited to formal sector employees only. A number of social security schemes that are operational in the public and … that emphasises the need to implement reforms of public pensions and programmes of social protection. Efficient deployment …
Persistent link: https://www.econbiz.de/10009363326
Old-age income support is becoming an issue of growing importance throughout Asia. This is especially true in East and Southeast Asia where the population is aging. This paper provides a broad overview of the current state of pension systems in the People’s Republic of China, Indonesia,...
Persistent link: https://www.econbiz.de/10011277964
Old-age income support is becoming an issue of growing importance throughout Asia. This is especially true in East and Southeast Asia where the population is aging. This paper provides a broad overview of the current state of pension systems in the People’s Republic of China, Indonesia,...
Persistent link: https://www.econbiz.de/10011278015
Old-age income support is becoming an issue of growing importance throughout Asia. This is especially true in East and Southeast Asia where the population is aging. This paper provides a broad overview of the current state of pension systems in the People’s Republic of China, Indonesia,...
Persistent link: https://www.econbiz.de/10011278165
Old-age income support is becoming an issue of growing importance throughout Asia. This is especially true in East and Southeast Asia where the population is aging. This paper provides a broad overview of the current state of pension systems in the People’s Republic of China, Indonesia,...
Persistent link: https://www.econbiz.de/10011278222
The first decade of economic and monetary union in Europe (EMU) has been a huge success. EMU has significantly benefited its member countries and accelerated the European integration process. Imbalances within EMUdifferences in growth, inflation, competitiveness, current account and budget...
Persistent link: https://www.econbiz.de/10009363273
The paper investigates the labor market and social impacts of the global financial and economic crisis in Asia and the Pacific as well as national policy responses to the crisis. It draws on recent macroeconomic, trade, production, investment, and remittances data to assess the employment and...
Persistent link: https://www.econbiz.de/10009363328
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
Despite creating a record of number of jobs in 2007 and 2008 (237,000 jobs in 2007 and 202,400 jobs in the first three quarters of 2008) and averaging a growth rate of nearly 10 percent from 2004 to 2007, Singapore was the first East Asian country to fall into a recession from the current global...
Persistent link: https://www.econbiz.de/10009363684