Showing 1 - 10 of 2,126
This paper examines the extent to which economic crises facilitate the development of more effective regional institutions and whether such institutions can shield regions from crises. It compares six regional economic crises over the last four decades and the institution building - or decay -...
Persistent link: https://www.econbiz.de/10011283417
potential clout in international forums and institutions. However, Asia's influence in the International Monetary Fund and the … financial crisis and more recent disputes over surveillance. But it is also due to the fact that Asia has not, at least until … recently, asserted itself in global financial circles. There are welcome signs now of Asia doing so, demanding greater voice …
Persistent link: https://www.econbiz.de/10013119236
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/10013111376
It has taken two crises - the Asian financial crisis of 1997-1998 and the global financial crisis of 2007-2009 - for the international community to seriously focus on the reform of the international financial architecture for crisis prevention, management and resolution. Facing the global...
Persistent link: https://www.econbiz.de/10003901587
between helping themselves and helping the global economy. Asia is striving for modes of regional cooperation that are, on … integration and openness. The main policy findings are that Asia's future standing in an increasingly multi-centered world economy … international gains will depend on Asia's willingness to make serious advances in regional collective action and global leadership …
Persistent link: https://www.econbiz.de/10009487445
The paper identifies key features of International Monetary Fund (IMF)-supported programs following the 2008 global financial crisis. The statistical analysis of a large sample of countries that borrowed from the IMF during 1997-2013 indicates that, compared to the amount of financing provided...
Persistent link: https://www.econbiz.de/10011843919
lessons for other RFAs, especially for the Chiang Mai Initiative Multilateralization (CMIM) in East and Southeast Asia. The …
Persistent link: https://www.econbiz.de/10012210077
Northeast Asia - the People's Republic of China (PRC), the Republic of Korea, and Japan ‒ in responding to financial crises. The … difficulties revealed in the crisis, while Northeast Asia (and in fact ASEAN+3) is a model of nonintegration with a limited set of …
Persistent link: https://www.econbiz.de/10012219782
This study describes the development of regional financial arrangements in Asia and Europe, assesses their effects on … financial stability, and draws lessons for Asia from European experience. One of its main conclusions is that Asia needs to …
Persistent link: https://www.econbiz.de/10012137060
The paper provides a comprehensive overview of the historical problems and causes of the crisis, explains the choices available for the peripheral EU countries and the potential consequences, and discusses potential solutions which take into account how the EU operates. The Eurozone still makes...
Persistent link: https://www.econbiz.de/10014161383