The evolution of Asian financial linkages [electronic resource] : key determinants and the role of policy / prepared by Selim Elekdag, Phurichai Rungcharoenkitkul, and Yiqun Wu.

By:

Elekdag, Selim

Contributor(s):

Material type: Text

TextSeries: IMF working paper ; WP/12/262.Publication details: Washington, D.C. : International Monetary Fund, Asia and Pacific Dept., 2012.Description: 1 online resource (27 p.)ISBN:

9781475569537 (electronic bk.)
147556953X (electronic bk.)

Subject(s):

Genre/Form:

Electronic books.

DDC classification:

332.67/3095 23

LOC classification:

HG5702

Online resources:

EBSCOhost

Summary: "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.

Holdings ( 1 )
Title notes ( 2 )

Holdings
Item type	Current library	Collection	Call number	Status	Date due	Barcode	Item holds
eBook	e-Library	EBSCO Business		Available

Total holds: 0

"November 2012".

"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.