Hidden Bibliographic Details
| Other authors / contributors: | Rungcharoenkitkul, Phurichai, 1977- author.
Wu, Yiqun, author.
International Monetary Fund. Asia and Pacific Department, issuing body.
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| ISBN: | 9781475569537
147556953X
1475583966
9781475583960
9781475588682
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| Digital file characteristics: | data file
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| Notes: | "November 2012."
Includes bibliographical references.
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| 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
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| Other form: | Print version: Elekdag, Selim. Evolution of Asian Financial Linkages: Key Determinants and the Role of Policy. Washington : International Monetary Fund, ©2012 9781475588682
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| Standard no.: | 10.5089/9781475583960.001
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