Showing 1 - 10 of 41
The global financial crisis underlined that sound and effective bank regulation is vital to financial stability … outbreak. The crisis reflected the failure of regulatory authorities to keep pace with financial innovation. Bank supervision … had been weak by any measure. Supervisors did not conduct regular onsite bank inspections or examinations of sufficient …
Persistent link: https://www.econbiz.de/10013009689
In this paper we empirically explore the relationship between fiscal policy and economic growth in developing Asia. The region's overall level of taxes and government spending are substantially lower than those prevailing in advanced economies. Nevertheless, there are conceptual grounds why...
Persistent link: https://www.econbiz.de/10011432707
Structural change has a far-reaching impact on inequality. It exposes the population to challenges and opportunities. Foreign trade and technological progress have been widely put forth as a structural driver of inequality. Broader structural change, such as demographic transition, can also...
Persistent link: https://www.econbiz.de/10010397258
Trade and investment in services are difficult to measure, and the regulatory barriers that inhibit the free flow of services are hard to quantify. As a result, very little attention has been paid to dismantling barriers to services trade and investment. Rather, free trade negotiations tend to...
Persistent link: https://www.econbiz.de/10010507353
The European Union (EU) has traditionally been an important economic partner for Asia. In addition to absorbing a significant share of the region's exports, the EU has been a major source of foreign direct investment and other capital flows into the region. In light of such close economic...
Persistent link: https://www.econbiz.de/10010507366
Developing Asian countries are strengthening their intellectual property rights (IPR) regime as they themselves become producers of intellectual property. At the same time, developing Asia has attracted large amounts of foreign direct investment (FDI) and this trend is expected to continue in...
Persistent link: https://www.econbiz.de/10009781163
This paper aims to quantify the political risk effect and its different economic implications in normal and crisis situations through the proxy analysis of election and the sovereign bond spreads. Our study leads to three main findings. First, in normal economic situations, elections and...
Persistent link: https://www.econbiz.de/10009781196
Persistent link: https://www.econbiz.de/10012041147
Over the last decade, developing Asia’s deeper global financial linkages have been accompanied by greater financial integration. As the region becomes more interconnected, a key priority is to ensure that the dynamic environment is supported by better coordinated and potentially consistent...
Persistent link: https://www.econbiz.de/10011613226
Using the Burke, Hsiang, and Miguel (2015) framework, we examine the nonlinear response effect of economic growth to historic temperature and precipitation fluctuations. We confirm that aside from the significant effect of rising temperature on agricultural production, industrial production and...
Persistent link: https://www.econbiz.de/10011580300