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Following the 1997-1998 Asian financial crisis, financial authorities in ASEAN+3 embarked on several new initiatives for East Asia's financial cooperation, including: (i) regional economic surveillance led by the Economic Review and Policy Dialogue (ERPD); (ii) a regional liquidity support...
Persistent link: https://www.econbiz.de/10010526534
This study reviews the evolution of financial markets, institutions, and policy frameworks in the economy of the Republic of Korea over the two decades since the 1997 Asian financial crisis and assesses their effectiveness in reducing the likelihood and adverse effects of future financial...
Persistent link: https://www.econbiz.de/10011757958
This paper examines the developments of cross-border portfolio assets and liabilities in the Asia and Pacific region over the periods of 2001-2017. Rapid increases in both portfolio foreign assets and liabilities have taken place particularly after the 2008-2009 global financial crisis. These...
Persistent link: https://www.econbiz.de/10011843951
their banking systems. The main bank support measures - direct capital support, removal and guarantees of bad assets, direct … manage skillfully the lifting of bank support measures. Third, I conduct stress tests of the banking systems. The stress …
Persistent link: https://www.econbiz.de/10003901398
mechanisms among their national financial supervisors. It was also a mistake to forbid the European Central Bank from operating …
Persistent link: https://www.econbiz.de/10010242041
In this current era of the fourth industrial revolution, both the negative and positive effects of financial inclusion raise the question of whether digital finance can be a solution for financial stability through attaining sustainable economic growth or not. Hence, considering the aftermath of...
Persistent link: https://www.econbiz.de/10012500541
In Thailand, the government has long recognized the importance of small and medium-sized enterprises (SMEs) to the economy and has given a large amount of financial support to this sector. Still, SMEs are not able to catch up with larger enterprises and the constraints to SME financing remain...
Persistent link: https://www.econbiz.de/10011522031
As an important global and regional economic power, the PRC's growth slowdown may cause large spillover effects to its neighboring economies. Using a multi-sectoral global computable general equilibrium model, this paper quantitatively investigates the impacts of a growth slowdown in the PRC for...
Persistent link: https://www.econbiz.de/10011441148
comparisons. Overall, the private sector still plays a relatively subdued role. Bank loans dominate private infrastructure finance …
Persistent link: https://www.econbiz.de/10011415958
guarantees a portion (ratio) of a loan provided by a bank to an SME. This research provides a theoretical model and an empirical … minimizing the bank's nonperforming loans to SMEs, and at the same time fulfill the government policies for supporting SMEs. Our … on macroeconomic conditions and vary it for each bank or each group of banks based on their soundness, in order to avoid …
Persistent link: https://www.econbiz.de/10011522082