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The central objective of this paper is to empirically assess how global imbalances have evolved since the global financial crisis of 2008/09. More specifically, we examine how the security investment positions of major East Asian economies in United States (US) financial markets - equities,...
Persistent link: https://www.econbiz.de/10010192390
This paper addresses two central questions for Asia and the world: (1) What is the purpose of Asian regional policy coordination going forward? (2) Will Asian regional policy coordination substitute or complement global policy coordination? The paper examines the potential coverage and content...
Persistent link: https://www.econbiz.de/10013117793
competitive devaluations. The sheer size of China, and its lower sterilization costs suggests that China may be the winner of a … external instability, which is magnified by exposure of the banking system to non performing loans. Testing the self insurance … and precautionary motives in the context of China may be challenged by a version of the "peso problem"; Hoarding …
Persistent link: https://www.econbiz.de/10003855040
The nature of South-South international economic relations has changed significantly in recent decades, especially since the early 1990s. In areas such as trade, investment, labor markets, technology, and policy coordination, regional cooperation between countries of the South and pro-market...
Persistent link: https://www.econbiz.de/10013120773
Developing countries requests for technical and financial assistance in the Doha Round negotiations prompted the WTO to collaborate with donors and development agencies. This led to the Aid for Trade Initiative. However, no attempt at increasing coherence between trade policy, aid policy, and...
Persistent link: https://www.econbiz.de/10013089999
The nature of South-South international economic relations has changed significantly in recent decades, especially since the early 1990s. In areas such as trade, investment, labor markets, technology, and policy coordination, regional cooperation between countries of the South and pro-market...
Persistent link: https://www.econbiz.de/10009301853
commitments, to discriminatory FTAs. The paper surveys the FTA activity of the major regional players: China, India, the ASEAN …
Persistent link: https://www.econbiz.de/10011619066
We investigate how the exchange rate regime influences economic linkages across countries. We divide the exchange rate regime into three classifications: currency union, peg and floating exchange rates. Unlike most studies solely focusing on the relationship between anchor and client countries,...
Persistent link: https://www.econbiz.de/10014069483
Rising current account and merchandise trade imbalances marked the years before the global financial and economic crisis. These imbalances either contributed to or precipitated the crisis and to the extent that they create systemic risks, it is desirable that they be reduced. There are many...
Persistent link: https://www.econbiz.de/10013098002
's Republic of China (PRC) — to move to a more flexible regime vis-á-vis the US dollar. Second, given the limited degree of the …
Persistent link: https://www.econbiz.de/10013055107