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Europe’s Debt Crisis, Coordination Failure, and International Effects

Collignon, Stefan - Asian Development Bank Institute, Asian Development Bank - 2012

. It finds that political mishandling has increased uncertainty, which has contributed to a tendency for the euro to become …

Persistent link: https://www.econbiz.de/10010840171

Prevention and Resolution of Foreign Exchange Crises in East Asia

Sussangkarn, Chalongphob - Asian Development Bank Institute, Asian Development Bank - 2012

This paper discusses mechanisms to prevent and resolve foreign exchange crises in East Asia. Policies and mechanisms at the country level as well as regional and global levels are discussed. Policies at the level of a particular country to prevent foreign exchange crises include the management...

Persistent link: https://www.econbiz.de/10010840147

Managing Capital Flows in an Economic Community: The Case of ASEAN Capital account Liberalization

Park, Yung Chul; Takagi, Shinji - Asian Development Bank Institute, Asian Development Bank - 2012

The paper uses the emerging Association of Southeast Asian Nations (ASEAN) Economic Community as a motivation to explore the issue of capital flow management in an economic community. Although there is an increasingly shared view that capital flow management measures should be part of the...

Persistent link: https://www.econbiz.de/10010840151

Regional Financial Regulation in Asia

Kawai, Masahiro; Morgan, Peter J. - Asian Development Bank Institute, Asian Development Bank - 2014

The Asian financial crisis (1997–1998) and the global financial crisis (2007–2009) highlighted the potential value of financial regionalism, i.e., regional-level cooperation in financial policy. This paper argues that there is a mediating role for regional-level institutions of financial...

Persistent link: https://www.econbiz.de/10010840153

Paths to a Reserve Currency: Internationalization of the Renminbi and Its Implications

Huang, Yiping; Wang, Daili; Fan, Gang - Asian Development Bank Institute, Asian Development Bank - 2014

In this paper we try to address the question of what could help make the renminbi (RMB) a reserve currency. In recent years, the authorities in the People's Republic of China (PRC) have made efforts to internationalize its currency through a two-track strategy: promotion of the use of the RMB in...

Persistent link: https://www.econbiz.de/10010840198

Responding to the Global Financial Crisis: The Evolution of Asian Regionalism and Economic Globalization

Chin, Gregory - Asian Development Bank Institute, Asian Development Bank - 2012

This paper examines the evolving dynamics between economic globalization and Asian regional interdependence, and asks whether and how the global financial crisis impacted Asian regionalism. The analysis suggests that the global crisis did trigger advances in regional policy cooperation from 2007...

Persistent link: https://www.econbiz.de/10010991124

The Financial Crisis: A Wake-Up Call for Strengthening Regional Monitoring of Financial Markets and Regional Coordination of Financial Sector Policies?

Winkler, Adalbert - Asian Development Bank Institute, Asian Development Bank - 2010

How much can regional monitoring of financial markets and coordination of financial sector policies contribute to preventing and mitigating financial crises? This paper reviews and compares the experiences of Europe and Asia, which have taken different routes and have achieved different levels...

Persistent link: https://www.econbiz.de/10008489512

Regional Monitoring of Capital Flows and Coordination of Financial Regulation: Stakes and Options for Asia

Plummer, Michael - Asian Development Bank Institute, Asian Development Bank - 2010

The ongoing global economic crisis has punished Asian economies severely, despite the fact that its origins derive from outside the region. The global economic crisis was transmitted through real and financial channels, underscoring how vulnerable the region is to external shocks. This paper...

Persistent link: https://www.econbiz.de/10008489523

Lessons of the European Crisis for Regional Monetary and Financial Integration in East Asia

Volz, Ulrich - Asian Development Bank Institute, Asian Development Bank - 2012

The debt crisis in several member states of the euro area has raised doubts on the viability of European Economic and … Monetary Union (EMU) and the future of the euro. While the launch of the euro in 1999 stirred a lot of interest in regional … had the opposite effect, even raising expectations of a break-up of the euro area. Indeed, the crisis has highlighted the …

Persistent link: https://www.econbiz.de/10009647623

Regional and Global Monetary Cooperation

Lamberte, Mario; Morgan, Morgan , Peter J. - Asian Development Bank Institute, Asian Development Bank - 2012

The increasing occurrence of national, regional, and global financial crises, together with their rising costs and complexity, have increased calls for greater regional and global monetary cooperation. This is particularly necessary in light of volatile capital flow movements that can quickly...

Persistent link: https://www.econbiz.de/10009647624