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This paper reexamines the relationship between trade integration and business cycle synchronization (BCS) using new value-added trade data for 63 advanced and emerging economies during 1995–2012. In a panel framework, we identify a strong positive impact of trade intensity on...
Persistent link: https://www.econbiz.de/10011142047
Using three distinct approaches—statistical filtering, production function, and multivariate model— this paper estimates potential growth for China, India, and five ASEAN countries (Indonesia, Malaysia, the Philippines, Thailand, and Vietnam) during 1993–2013. The main...
Persistent link: https://www.econbiz.de/10011142066
banks in 2009 in Asia, and in 2010 in Latin America and emerging Europe. State-owned banks instead played a counter … growth. Banks in Latin America and Asia that relied more on retail funding had higher credit growth, in particular during the …
Persistent link: https://www.econbiz.de/10011142108
developing Asia, have strengthened economic links between the Far East and Saudi Arabia. Second, financial sector development in … Asia and the United States has the potential to increasingly generate tension between policy objectives in Saudi Arabia. …
Persistent link: https://www.econbiz.de/10011142130
Asia proved to be remarkably resilient in the face of the global financial crisis, but why was its output performance … the global financial crisis. Looking ahead, Asia is in the process of adjusting to more volatile external conditions and …
Persistent link: https://www.econbiz.de/10011142139
The prolonged investment decline in post-Asian crisis emerging Asia, in contrast to the swift recovery of economic …
Persistent link: https://www.econbiz.de/10011142140
Stock markets play a key role in corporate financing in Asia. However, despite their increasing importance in terms of …€œnoise†in stock pricing, which suggests that improvements in the regulation of securities markets in Asia could enhance the role …
Persistent link: https://www.econbiz.de/10011142146
intra-regional financial flows and mobilize resources from the aging savers in industrialized Asia to finance infrastructure … investment in emerging Asia. Strengthening the financial ties within the region as well as with the global financial markets … emerging Asia. Finally, financial deepening could help ease the potential overheating from scaling up infrastructure investment …
Persistent link: https://www.econbiz.de/10011142192
(FDEs) in Asia. This paper finds that spillovers emanating from the U.S. on FDEs in Asia have been small. The relative … insulation of emerging Asia from the global financial cycle can likely be attributed to the presence of managed capital accounts … developing Asia is likely to be small. …
Persistent link: https://www.econbiz.de/10011163125
There is much speculation regarding a “race for dominance†among financial centers in Asia, arising from the …, however, suggests that there is an alternative prism through which the evolution of financial centers in Asia needs to be …
Persistent link: https://www.econbiz.de/10011123826