The Macroeconomics of Global Imbalances

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Author :
Publisher : Routledge
ISBN 13 : 1135975051
Total Pages : 149 pages
Book Rating : 4.1/5 (359 download)

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Book Synopsis The Macroeconomics of Global Imbalances by : Marc Uzan

Download or read book The Macroeconomics of Global Imbalances written by Marc Uzan and published by Routledge. This book was released on 2008-10-27 with total page 149 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book unites an impressive cabinet of experts to examine questions of global imbalances - with particular focus on Europe and Asia, demonstrating how Asia has transformed itself, and laying out the challenges ahead in the monetary sphere.

Asia In The Global Economy: Finance, Trade And Investment

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Author :
Publisher : World Scientific
ISBN 13 : 9814475823
Total Pages : 273 pages
Book Rating : 4.8/5 (144 download)

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Book Synopsis Asia In The Global Economy: Finance, Trade And Investment by : Ramkishen S Rajan

Download or read book Asia In The Global Economy: Finance, Trade And Investment written by Ramkishen S Rajan and published by World Scientific. This book was released on 2008-01-03 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book consists of 20 short essays on different dimensions of international economic policy with specific (though not exclusive) focus on Asia. Topics covered include: exchange rate regimes and reserve buildup in Asia; global macroeconomic imbalances; financial sector liberalization; international capital flows to and from Asia; infrastructure financing in Asia; foreign direct investment (FDI) flows, production networks, manufacturing and outsourcing in Asia; the economic rise of China and India; and trade, financial and monetary regionalism in Asia. While the book covers important and often technical economic issues of contemporary policy relevance, it is written in a manner that is easily accessible to non-economists, including students of public policy, international affairs, international commerce and business, as well as policy-makers and interested observers.

Global Imbalances and the Asian Economies

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Author :
Publisher :
ISBN 13 :
Total Pages : 35 pages
Book Rating : 4.:/5 (537 download)

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Book Synopsis Global Imbalances and the Asian Economies by : Barry J. Eichengreen

Download or read book Global Imbalances and the Asian Economies written by Barry J. Eichengreen and published by . This book was released on 2006 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This paper asks how Asia should prepare for the disorderly correction of global imbalances. It recommends tightening monetary policy and allowing Asian currencies to appreciate as a way of achieving a better balance between internal and external demand. Leaving the overall level of demand unchanged requires that this monetary tightening be complemented by some relaxation of fiscal policy. But because the scope for fiscal support of domestic demand differs across countries, so too does the optimal degree of monetary tightening and exchange rate adjustment. This observation makes clear that an attempt to suppress intra-Asian exchange rate movements would be counterproductive in this context. Other policy measures that produce effects over longer horizons that can further contribute to the rotation of demand away from exports to the US include the development of Asian financial markets and the completion of an Asian free trade area. These policy adjustments will occur most easily if they are coordinated within Asia."--Abstract.

Global Imbalances

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451872119
Total Pages : 42 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Global Imbalances by : Pietro Cova

Download or read book Global Imbalances written by Pietro Cova and published by International Monetary Fund. This book was released on 2009-03-01 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the role played by emerging Asia in the emergence and evolution of the global trade imbalances. Based on simulations in a general equilibrium model of the world economy, we find that a productivity slowdown in the non-tradable sector of these economies in the second half of the 1990s fits regional macroeconomic developments relatively well, but has limited spillover effect to the United States trade balance. In contrast, an increase in the desired level of emerging Asia net foreign assets starting in 2001 not only fits regional developments relatively well, but also has a significant spillover effect to the United States.

The Global Financial Crisis and Asia

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Author :
Publisher : OUP Oxford
ISBN 13 : 0191636738
Total Pages : 343 pages
Book Rating : 4.1/5 (916 download)

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Book Synopsis The Global Financial Crisis and Asia by : Masahiro Kawai

Download or read book The Global Financial Crisis and Asia written by Masahiro Kawai and published by OUP Oxford. This book was released on 2012-10-25 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims to identify and analyze the impact of the 2007-09 global financial crisis on Asian economies and to assess the short-term and longer-term policy responses to the crisis in terms of their effectiveness and sustainability. It draws lessons on how best to avoid and/or mitigate future crises and to identify structural policy recommendations that can help guide Asian policymakers to expand the growth potential of domestic and regional demand in coming years, and thereby create a basis for sustainable and inclusive long-term growth. Organized into four parts, it offers an accessible explanation of the causes, consequences, and contagion mechanisms of the crisis. Part 1 provides an overview of the major issues and presents policy recommendations. Part 2 reviews the crisis in the US and its transmission to Europe. Part 3 focuses on the impact on Asia. And Part 4 concludes lessons of the crisis for Asian countries. The volume highlights that Asian economies have already recovered strongly from the global financial crisis, reflecting their aggressive moves to ease monetary and fiscal policy as well as the underlying fundamental strength of their economies. However, the biggest challenge lies ahead. It asserts that, given that it is unlikely that the US and Europe will be engines of global growth, Asian economies should contribute to global economic adjustment by creating their own growth engines.

Causes and Consequences of Economic Imbalances: Comparison of US-Asia and Europe

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Author :
Publisher : diplom.de
ISBN 13 : 3842838360
Total Pages : 87 pages
Book Rating : 4.8/5 (428 download)

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Book Synopsis Causes and Consequences of Economic Imbalances: Comparison of US-Asia and Europe by : Ariane Hillig

Download or read book Causes and Consequences of Economic Imbalances: Comparison of US-Asia and Europe written by Ariane Hillig and published by diplom.de. This book was released on 2014-03-10 with total page 87 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introduction: Problem and Objective: ‘The economic health of every country is a proper matter of concern to all its neighbors, near and far.’ Franklin D. Roosevelt. This quotation reflects the importance of economic imbalances for the global economic environment. As seen in the past, huge economic imbalances of emerging countries have resulted in a number of crises such as the Mexican tequila crisis, Asian crisis or the Argentine crisis. In the past ten years, major economic imbalances have been concentrating among a small number of countries. The main deficit countries such as USA and Spain have been mirrored by current account surplus countries in Asia, Middle East as well as in Europe. Already in 2004, the persistency and growing size of the global imbalances have led to the speculation about a disorderly unwinding in the future. In 2007, the global financial crisis started in USA and rapidly spread across major economies due to the high financial integration. Out of the financial crisis, the current eurozone crisis developed which is posing a major threat to the global economy. ‘Global imbalances can be defined as widening external positions of systemically important economies that reflect distortions or entail risks for the global economy.’ External positions are shown in the current accounts which show huge deficits or surpluses caused by distortions or/and pose a risk for the global economy. Distortions can arise due to policy decisions taken by the public or private sector. The current account development of a single European country does not fit the definition, but a country’s possible contagion effect in case of a crisis and the overall European development is systemically important and poses a significant risk to the global economy. Hence, in the author’s point-of-view the current account development from US-Asia as well as the intra-euro economic imbalances can be considered as global imbalances. [...]

The Asian Economy

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Author :
Publisher : Routledge
ISBN 13 : 1136705961
Total Pages : 201 pages
Book Rating : 4.1/5 (367 download)

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Book Synopsis The Asian Economy by : Dilip Das

Download or read book The Asian Economy written by Dilip Das and published by Routledge. This book was released on 2013-07-03 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyzes the impact of the global financial crisis and the Great Recession on the Asian economy. Dilip K. Das delves into the most significant and germane issues related to the Asian economy during the crisis, how it coped with them and how it eventually emerged from them.

Monetary Transmission of Global Imbalances in Asian Countries

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1455205451
Total Pages : 28 pages
Book Rating : 4.4/5 (552 download)

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Book Synopsis Monetary Transmission of Global Imbalances in Asian Countries by : Mr.Il Houng Lee

Download or read book Monetary Transmission of Global Imbalances in Asian Countries written by Mr.Il Houng Lee and published by International Monetary Fund. This book was released on 2010-09-01 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper explores the linkages between the global and domestic monetary gaps, and estimates the effects of monetary gaps on output growth, inflation, and net saving rates using panel data for 20 Asian countries for 1980-2008. We find a significant pass-through of the global monetary gap to domestic monetary gaps, which in turn affect output growth and inflation, in individual emerging market and developing countries in Asia. Notably, we provide evidence that the global monetary condition is partly responsible for the current account surplus in Asia. We also draw implications for monetary policy coordination for global rebalancing.

Asia And China In The Global Economy

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Publisher : World Scientific
ISBN 13 : 9814462322
Total Pages : 443 pages
Book Rating : 4.8/5 (144 download)

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Book Synopsis Asia And China In The Global Economy by : Yin-wong Cheung

Download or read book Asia And China In The Global Economy written by Yin-wong Cheung and published by World Scientific. This book was released on 2011-07-29 with total page 443 pages. Available in PDF, EPUB and Kindle. Book excerpt: The volume represents a collection of papers that examine important topical themes related to the rise of China and Asia in the global economy. It offers many useful insights on several issues that are hotly debated in the international community, especially in the aftermath of the recent global financial crisis. The contributors are renowned experts from academic institutions, central banks, and international organizations. Their analyses and points of view offer valuable insights for researchers and policymakers who are interested in the recent developments in China, Asia, and the global economy.Specifically, the thirteen chapters contained in the volume address four broad themes. The first theme is on open macroeconomics and transmission mechanisms that highlight the interactions between countries in the globalization era. The second theme covers the contentious issue of renminbi valuation, which has significant implications for the debate on global imbalances. The third theme covers currency internationalization and financial markets in Asia. In particular, two chapters discuss renminbi internationalization and yen internationalization, while the other two papers examine yen carry trade and the Asian credit card market. The fourth theme is external demand and fiscal stimulus in Asian countries.

Global Imbalance and Its Implications on East Asian Economies

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Author :
Publisher : KIEP
ISBN 13 :
Total Pages : 316 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Global Imbalance and Its Implications on East Asian Economies by :

Download or read book Global Imbalance and Its Implications on East Asian Economies written by and published by KIEP. This book was released on 2006 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Global Imbalances and Developing Countries

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Author :
Publisher : KIEP
ISBN 13 :
Total Pages : 174 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Global Imbalances and Developing Countries by : Jan Joost Teunissen

Download or read book Global Imbalances and Developing Countries written by Jan Joost Teunissen and published by KIEP. This book was released on 2007 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Global Imbalances and the Financial Crisis

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Author :
Publisher : Council on Foreign Relations
ISBN 13 : 0876094280
Total Pages : 56 pages
Book Rating : 4.8/5 (76 download)

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Book Synopsis Global Imbalances and the Financial Crisis by : Steven Vincent Dunaway

Download or read book Global Imbalances and the Financial Crisis written by Steven Vincent Dunaway and published by Council on Foreign Relations. This book was released on 2009 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Crafting stimulus packages and financial bailouts to address immediate problems has for many reasons been a priority for policymakers. In this Council Special Report, however, Steven Dunaway argues that policymakers must go beyond these steps and tackle one of the root causes of today's crisis: imbalances between savings and investment in major countries. The report analyzes the nature of these imbalances, which occur when some countries, such as the United States, run large current account (essentially trade) deficits while others, such as China, maintain large surpluses. Dunaway identifies three features of the international financial system that have allowed the imbalances to persist, features that involve both floating and managed exchange rates as well as the issuance of reserve assets. In particular, he notes that the United States' status as an issuer of such assets has enabled it to finance a current account deficit. The report then prescribes a variety of steps to address global imbalances. Beyond stimulus packages around the world, it urges measures to raise savings (principally government savings) in the United States, reform labor and product markets in Europe and Japan to increase competition and flexibility, and boost domestic consumption in China. Finally, the report advocates improving International Monetary Fund (IMF) surveillance of member states' economic policies by reducing the role of the Fund's executive board and depoliticizing the selection of its senior management.

Asia and Policymaking for the Global Economy

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Author :
Publisher : Brookings Institution Press
ISBN 13 : 0815704216
Total Pages : 213 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis Asia and Policymaking for the Global Economy by : Kemal Dervi?

Download or read book Asia and Policymaking for the Global Economy written by Kemal Dervi? and published by Brookings Institution Press. This book was released on 2011 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Examines the more dynamic role Asian nations are playing within the G-20 and in multilateral organizations concerned with governance of global economic and financial affairs, brought about by the rapid development of Asian economies in recent decades"--Provided by publisher.

Sustaining Economic Growth in Asia

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Publisher : Peterson Institute for International Economics
ISBN 13 : 0881327344
Total Pages : 494 pages
Book Rating : 4.8/5 (813 download)

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Book Synopsis Sustaining Economic Growth in Asia by : Jeremie Cohen-Setton

Download or read book Sustaining Economic Growth in Asia written by Jeremie Cohen-Setton and published by Peterson Institute for International Economics. This book was released on 2018-12-01 with total page 494 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic growth, inflation, and interest rates have declined in Asia, just as they have in the United States and Europe. This volume explores the relevance to several Asian economies of the diagnosis known as “secular stagnation.” Leading experts on the region discuss the fiscal and monetary policy challenges of reviving growth without generating domestic financial imbalances. The essays on innovation, demographics, spillovers, and various policy proposals are accompanied by case studies focusing on Japan, South Korea, China, India, and Indonesia.

International Financial Issues in the Pacific Rim

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Publisher : University of Chicago Press
ISBN 13 : 0226387089
Total Pages : 441 pages
Book Rating : 4.2/5 (263 download)

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Book Synopsis International Financial Issues in the Pacific Rim by : Takatoshi Ito

Download or read book International Financial Issues in the Pacific Rim written by Takatoshi Ito and published by University of Chicago Press. This book was released on 2008-09-15 with total page 441 pages. Available in PDF, EPUB and Kindle. Book excerpt: The imbalanced, yet mutually beneficial, trading relationship between the United States and Asia has long been one of international finance’s most perplexing mysteries. Although the United States continues to post a substantial trade deficit—and China reaps the benefits of a surplus—the dollar has yet to sink in the face of ever-increasing account disparities. International Financial Issues in the Pacific Rim explains why the United States enjoys a seemingly symbiotic relationship with its trading partners despite stark inequities in the trade balance, especially with Asia. This timely and well-informed study also debunks the assumed link between economic openness and low inflation in the region, identifies the serious gap between academic and private-sector researchers’ understanding of exchange rate volatility, and analyzes the liberalization of Asian capital accounts. International Financial Issues in the Pacific Rim will have broad implications for global trade and economic policy issues in Asia and beyond.

Global Economic Uncertainties and Southeast Asian Economies

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Author :
Publisher : Flipside Digital Content Company Inc.
ISBN 13 : 9814695033
Total Pages : 344 pages
Book Rating : 4.8/5 (146 download)

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Book Synopsis Global Economic Uncertainties and Southeast Asian Economies by : Suthiphand Chirathivat

Download or read book Global Economic Uncertainties and Southeast Asian Economies written by Suthiphand Chirathivat and published by Flipside Digital Content Company Inc.. This book was released on 2016-05-13 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aftermath of the global economic breakdown in 2008-9 underscores the risks facing Southeast Asia's growth prospects. Although the region has demonstrated exceptional resilience to external shocks emanating from economic powerhouses around the globe, Southeast Asia is in dire need of an optimal policy mix of macroeconomic and trade policy measures that differ by country, underpin domestic demand, and revive domestic economies. This book offers in-depth, region-specific economic policy discourse that illuminates how a policy push is at work in the region, and sheds light on room for strengthening regional cooperation.This book aims to: (1) discuss the developments of macroeconomic and trade-policy mix against the backdrop of the eurozone sovereign debt crisis and economic prospects for major countries in Southeast Asia (i.e., Singapore, Thailand, Malaysia, Indonesia, and Vietnam); (2) assess the effectiveness of policy responses to the global economic unrest; (3) identify opportunities and challenges facing Southeast Asia in the midst of the global economic slump when developing Southeast Asia leverages on an ever-expanding role in the global business environment; (4) rethink the East Asian model of growth where enormous gains were driven principally by export demands from advanced economies; and (5) pioneer the key areas of regional cooperation and macroeconomic and trade policy reforms that may potentially strengthen regional economies.

Global Imbalances and the US Debt Problem

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Author :
Publisher : KIEP
ISBN 13 :
Total Pages : 210 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Global Imbalances and the US Debt Problem by : Jan Joost Teunissen

Download or read book Global Imbalances and the US Debt Problem written by Jan Joost Teunissen and published by KIEP. This book was released on 2006 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: