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 well as...

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Hlavní autor: Elekdag, Selim
Další autoři: Rungcharoenkitkul, Phurichai, Wu, Yiqun
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2012.
Edice:IMF Working Papers; Working Paper ; No. 2012/262
On-line přístup:Full text available on IMF
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100 1 |a Elekdag, Selim. 
245 1 4 |a The Evolution of Asian Financial Linkages :   |b Key Determinants and the Role of Policy /  |c Selim Elekdag, Phurichai Rungcharoenkitkul, Yiqun Wu. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2012. 
300 |a 1 online resource (27 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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.a. 
538 |a Mode of access: Internet 
700 1 |a Rungcharoenkitkul, Phurichai. 
700 1 |a Wu, Yiqun. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2012/262 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2012/262/001.2012.issue-262-en.xml  |z IMF e-Library