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The evolution of Asian financial linkages : key determinants and the role of policy /
"This paper examines how Asian financial linkages with systemic economies have changed over time. After developing a factor model, it estimates Asian financial sensitivities to systemic economies, and then seeks to uncover their key determinants, which include trade and financial linkages, as w...
| Clasificación: | Libro Electrónico |
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| Autores principales: | , , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington, D.C. :
International Monetary Fund, Asia and Pacific Dept.,
2012.
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| Colección: | IMF working paper ;
WP/12/262. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | "This paper examines how Asian financial linkages with systemic economies have changed over time. After developing a factor model, it estimates Asian financial sensitivities to systemic economies, and then seeks to uncover their key determinants, which include trade and financial linkages, as well as policies. In line with Asia's growing role in the global economy - including through deeper financial integration - regional financial markets have become more sensitive to systemic economies. Asian financial sensitivities to systemic economies exhibit cyclical fluctuations, and reached historically high levels during the latest global financial crisis of 2008-09. While macroeconomic policy frameworks have helped Asian economies cope well with market turbulence, they cannot completely insulate Asian financial markets against major global financial shocks."--Abstract |
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| Notas: | "November 2012." |
| Descripción Física: | 1 online resource (27 pages) |
| Bibliografía: | Includes bibliographical references. |
| ISBN: | 9781475569537 147556953X 1475583966 9781475583960 1475580002 9781475580006 1283866854 9781283866859 |
| ISSN: | 2227-8885 ; |