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downstream and upstream firms in terms of international standard certification. The degree of product and process innovation is … achieve product innovation if they have customers in foreign countries. Customers in Japan and the People's Republic of China … play an important product innovation role for firms in Association of Southeast Asian Nations (ASEAN) economies, and …
Persistent link: https://www.econbiz.de/10011278211
Asian economies to allow for a “benign neglect†of their currencies both in terms of managing volatility as well as in …
Persistent link: https://www.econbiz.de/10009651619
This paper takes stock of recent research dealing with the degree to which the trilemma choices of Asian countries facilitated a smoother adjustment during the global crisis of 2008– 2009, and the way the region has been coping with the adjustment to the postcrisis challenges. We point...
Persistent link: https://www.econbiz.de/10009652190
Many have argued that the major source of the existing global macroeconomic imbalances are the twin deficits of the United States (US). However, there is still a debate about whether the global imbalances indeed pose a significant threat to the world economy. This matter is settled...
Persistent link: https://www.econbiz.de/10009653140
Regional monetary and financial cooperation in Asia has been discussed for years. To move towards a coordinated exchange rate policy, Ogawa and Shimizu (2005) proposed both an Asian Monetary Unit (AMU), which is a common currency basket computed as a weighted average of the thirteen...
Persistent link: https://www.econbiz.de/10009653143
We calculate the return on the major Asian currency denominated long-term government bonds in terms of a basket of the People’s Republic of China’s (PRC) imports of goods and services, namely the real return on those assets from the PRC’s perspective. In the sample period of...
Persistent link: https://www.econbiz.de/10009653157
Motivated by the unprecedented rise of swap agreements between the central banks of developed economies and their developing economy counterparts, this paper evaluates Asian swap arrangements and their association with the build-up of foreign reserves prior to the 2008–2009 global...
Persistent link: https://www.econbiz.de/10009653159
growth away from dependence on exports to developed economies to a more sustainable pattern of growth centered on domestic … foreign exchange intervention can cut net exports directly. Improvement of frameworks for macroeconomic and financial …
Persistent link: https://www.econbiz.de/10011278160
This paper discusses Japan’s strategy for Asian monetary integration. It argues that Japan faces three major policy challenges when promoting intraregional exchange rate stability. First, there must be some convergence of exchange rate regimes in East Asia, and the most realistic option is for...
Persistent link: https://www.econbiz.de/10011278166
A key lesson of the 2007–2009 global financial crisis (GFC) was the importance of containing systemic financial risk and the need for a “macroprudential†approach to surveillance and regulation that can identify system-wide risks and take appropriate actions to maintain...
Persistent link: https://www.econbiz.de/10011278173