The evolution of Asian financial linkages: key determinants and the role of policy / prepared by Selim Elekdag, Phurichai Rungcharoenkitkul, and Yiqun Wu
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Bibliographic Details
Main Author: Elekdag, Selim (Author)
Format: Electronic eBook
Language:English
Published: Washington, D.C. International Monetary Fund, Asia and Pacific Dept. 2012
Series:IMF working paper WP/12/262
Subjects:
Online Access:FLA01
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Item Description:"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
Physical Description:1 Online-Ressource (27 p.)
ISBN:9781475569537
147556953X

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