The Evolution of Asian Financial Linkages Key Determinants and the Role of Policy
| Author/creator | Elekdag, Selim Author |
| Other author | Rungcharoenkitkul, Phurichai Author |
| Other author | Wu, Yiqun Author |
| Format | Electronic |
| Publication Info | Washington : International Monetary Fund |
| Description | 27 p. |
| Supplemental Content | Full text available from Ebook Central - Academic Complete |
| Summary | Annotation 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. |
| Access restriction | Available only to authorized users. |
| Technical details | Mode of access: World Wide Web |
| Genre/form | Electronic books. |
| ISBN | 9781475583960 |
| ISBN | 1475583966 (E-Book) Active Record |
| Stock number | 00013468 |