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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
The first Asia-Europe Meeting (ASEM) Summit in 1996 has provided the principal multilateral platform for interregional … in EU and Asia, and to investigate whether such integration has changed after the Asian financial crisis in 1997-99 and … of financial integration, and presents an empirical study on regional integration by testing ASEM EU and ASEM Asia …
Persistent link: https://www.econbiz.de/10013049408
In this paper, we investigate the degree of real economic interdependence between emerging Asia and major industrial … countries to shed light on the heated debate over the "decoupling" of emerging Asia. We first document the evolution of …, the reverse is also true. Output shocks from emerging Asia (and the People's Republic of China [PRC]) have a significant …
Persistent link: https://www.econbiz.de/10011283453
This paper addresses the agenda for the Group of Twenty (G-20) leaders' meeting in Seoul, Korea in November 2010. This is an opportunity and challenge for Asian leaders in particular. Their test will be, first, to demonstrate that they can responsibly advance economic recovery. They must also...
Persistent link: https://www.econbiz.de/10013132893
Since the global financial crisis, the Global Financial Safety Net (GFSN), traditionally consisting mainly of countries' own foreign exchange reserves with the International Monetary Fund (IMF) acting as a backstop, has expanded significantly with the continued accumulation of reserves, the...
Persistent link: https://www.econbiz.de/10011810044
banks and supervisory authorities in the Asia-Pacific region. Under the programme, research projects are undertaken by … economists at the BIS Representative Office for Asia and the Pacific in collaboration with the research departments of central … banks and supervisory authorities in Asia and the Pacific. The subjects of interest have included improving monetary policy …
Persistent link: https://www.econbiz.de/10014212901
In this research project, we attempt to examine the behavior of business cycles in Asia in order to deepen our …
Persistent link: https://www.econbiz.de/10011281409
Persistent link: https://www.econbiz.de/10001955449
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/10010279852
This study explores the analysis of convergence process of EU countries. The analysis shall proceed through three steps. Firstly, we shall describe our position within the theoretical discourse about convergence theory. Then we shall move on to compare the indicators of monetary and fiscal...
Persistent link: https://www.econbiz.de/10012911602