The Turning Tide: How Vulnerable are Asian Corporates?

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Publisher : International Monetary Fund
ISBN 13 : 1498314023
Total Pages : 47 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis The Turning Tide: How Vulnerable are Asian Corporates? by : Bo Jiang

Download or read book The Turning Tide: How Vulnerable are Asian Corporates? written by Bo Jiang and published by International Monetary Fund. This book was released on 2019-05-06 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using a new firm-level dataset with comprehensive information on Asian firms’ FX liabilities, we show that Asia’s nonfinancial corporate sector is vulnerable to a tightening of global financial conditions. Higher global interest rates and exchange rate depreciation increase the probability of default of Asian firms. A 30 percent currency depreciation is associated with a two-notch downgrade in the corporate credit rating (e.g., from A to BBB+), resulting in 7 percent of Asian firms falling into bankruptcy. But the impact is nonlinear—as the firms’ FX liability increases, the balance sheet channel of exchange rate offsets, then dominates, the competitiveness channel. The balance sheet channel offsets the competitiveness channel when the share of U.S. dollar debt is between 10 and 20 percent. We also find that currency depreciation increases firm-level investment on average, but for firms with the share of FX liabilities above 20 percent, investment contracts with depreciation.

The Turning Tide: How Vulnerable are Asian Corporates?

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498311504
Total Pages : 47 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis The Turning Tide: How Vulnerable are Asian Corporates? by : Bo Jiang

Download or read book The Turning Tide: How Vulnerable are Asian Corporates? written by Bo Jiang and published by International Monetary Fund. This book was released on 2019-05-06 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using a new firm-level dataset with comprehensive information on Asian firms’ FX liabilities, we show that Asia’s nonfinancial corporate sector is vulnerable to a tightening of global financial conditions. Higher global interest rates and exchange rate depreciation increase the probability of default of Asian firms. A 30 percent currency depreciation is associated with a two-notch downgrade in the corporate credit rating (e.g., from A to BBB+), resulting in 7 percent of Asian firms falling into bankruptcy. But the impact is nonlinear—as the firms’ FX liability increases, the balance sheet channel of exchange rate offsets, then dominates, the competitiveness channel. The balance sheet channel offsets the competitiveness channel when the share of U.S. dollar debt is between 10 and 20 percent. We also find that currency depreciation increases firm-level investment on average, but for firms with the share of FX liabilities above 20 percent, investment contracts with depreciation.

Facing the Tides

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513512331
Total Pages : 76 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Facing the Tides by : Mr.Harald Finger

Download or read book Facing the Tides written by Mr.Harald Finger and published by International Monetary Fund. This book was released on 2019-10-22 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper looks empirically at some economic effects of volatile exchange rates and financial conditions and examines policy responses for managing such volatility. It also sheds light on some economic costs that stem from volatile capital flows and exchange rates and analyzes how countries deploy their policy toolkits in response. The data-driven analysis should contribute to ongoing reflections about how to manage volatile capital flows and exchange rates both in Asian EMEs and more broadly.

Financial Development, Exchange Rate Fluctuations and Debt Dollarization: A Firm-Level Evidence

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Publisher : International Monetary Fund
ISBN 13 : 1513511149
Total Pages : 42 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Financial Development, Exchange Rate Fluctuations and Debt Dollarization: A Firm-Level Evidence by : Minsuk Kim

Download or read book Financial Development, Exchange Rate Fluctuations and Debt Dollarization: A Firm-Level Evidence written by Minsuk Kim and published by International Monetary Fund. This book was released on 2019-08-02 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines how financial development influences the debt dollarization of nonfinancial firms in a sample of emerging market economies (EMEs). The macroeconomic channels are identified from an optimal portfolio allocation model and assessed empirically using the accounting information of nonfinancial firms from 21 EMEs during 2009–2017. The results show that financial development, measured by the private credit-to-GDP ratio, mainly reduces the influence of exchange rate volatility in determining a firm's debt currency composition, among other channels. Furthermore, the effect of exchange rate volatility becomes statistically insignificant beyond an estimated threshold credit-to-GDP ratio of 100 percent.

SHOCKS AND CAPITAL FLOWS

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 2040 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis SHOCKS AND CAPITAL FLOWS by : GASTON. SAHAY GELOS (RATNA.)

Download or read book SHOCKS AND CAPITAL FLOWS written by GASTON. SAHAY GELOS (RATNA.) and published by International Monetary Fund. This book was released on 2023 with total page 2040 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Regional Economic Outlook, May 2009, Asia and Pacific

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1589068408
Total Pages : 98 pages
Book Rating : 4.5/5 (89 download)

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Book Synopsis Regional Economic Outlook, May 2009, Asia and Pacific by : International Monetary Fund. Asia and Pacific Dept

Download or read book Regional Economic Outlook, May 2009, Asia and Pacific written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2009-05-05 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: Asia has been hard hit by the global financial crisis. Despite strong fundamentals, its pervasive linkages to the rest of the world have exposed it to the collapse of demand and credit in advanced countries. Exports and industrial production have fallen sharply, capital has started to flow out of the region, and leading indicators suggest further weakness ahead. Against this background, the May 2009 APD REO will discuss the latest developments in Asia, examine the prospects for the period ahead, and consider the policy steps needed to revive economic activity and restore corporate and financial sector health.

Multinational Corporations and United States Foreign Policy. Hearings, Ninety-third Congress [Ninety-fourth Congress, Second Session]

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Publisher :
ISBN 13 :
Total Pages : 2410 pages
Book Rating : 4.:/5 (4 download)

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Book Synopsis Multinational Corporations and United States Foreign Policy. Hearings, Ninety-third Congress [Ninety-fourth Congress, Second Session] by : United States. Congress. Senate. Committee on Foreign Relations. Subcommittee on Multinational Corporations

Download or read book Multinational Corporations and United States Foreign Policy. Hearings, Ninety-third Congress [Ninety-fourth Congress, Second Session] written by United States. Congress. Senate. Committee on Foreign Relations. Subcommittee on Multinational Corporations and published by . This book was released on 1973 with total page 2410 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Global Economic Prospects, June 2018

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Publisher : World Bank Publications
ISBN 13 : 1464813248
Total Pages : 180 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Global Economic Prospects, June 2018 by : World Bank Group

Download or read book Global Economic Prospects, June 2018 written by World Bank Group and published by World Bank Publications. This book was released on 2018-06-18 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global growth has eased but remains robust and is projected to reach 3.1 percent in 2018. It is expected to edge down in the next two years, to 2.9 percent by 2020, as global slack dissipates, trade and investment moderate, and financing conditions tighten. Growth in advanced economies is predicted to decelerate toward potential rates as monetary policy normalizes and the effects of U.S. fiscal stimulus wane. In emerging market and developing economies (EMDEs), growth in commodity importers will remain robust, while the rebound in commodity exporters is projected to mature during the next two years. Progress in per capita income growth will be uneven, however, remaining particularly subdued in Sub-Saharan Africa. Risks to the outlook remain tilted to the downside. The possibilities of escalating trade protectionism and disorderly financial market movements have increased substantially in recent months, and the risk of heightened geopolitical tensions continues to cloud the outlook. EMDE policymakers need to rebuild monetary and fiscal policy buffers and be prepared for rising global interest rates and possible episodes of financial market turbulence. In the longer run, EMDEs need to tackle ongoing structural challenges and boost potential growth, by promoting competitiveness, adaptability to technological change, and trade openness. Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing countries, on a semiannual basis (in January and June). The January edition includes in-depth analyses of topical policy challenges faced by these economies, while the June edition contains shorter analytical pieces.

China, Asia, and the New World Economy

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Author :
Publisher : Oxford University Press on Demand
ISBN 13 : 9780199235889
Total Pages : 429 pages
Book Rating : 4.2/5 (358 download)

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Book Synopsis China, Asia, and the New World Economy by : Barry Eichengreen

Download or read book China, Asia, and the New World Economy written by Barry Eichengreen and published by Oxford University Press on Demand. This book was released on 2008-02-21 with total page 429 pages. Available in PDF, EPUB and Kindle. Book excerpt: This timely collection of fifteen essays by leading economists explores how rapid economic growth in China and elsewhere in Asia is reshaping the world economy.

Business Asia

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Publisher :
ISBN 13 :
Total Pages : 414 pages
Book Rating : 4.3/5 (555 download)

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Book Synopsis Business Asia by :

Download or read book Business Asia written by and published by . This book was released on 1992 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt: Weekly report to managers of Asia/Pacific operations.

Perspectives on Taiwan

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Publisher : Rowman & Littlefield
ISBN 13 : 1442281103
Total Pages : 63 pages
Book Rating : 4.4/5 (422 download)

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Book Synopsis Perspectives on Taiwan by : Bonnie S. Glaser

Download or read book Perspectives on Taiwan written by Bonnie S. Glaser and published by Rowman & Littlefield. This book was released on 2019-05-02 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt: The CSIS Taiwan-U.S. Policy Program (TUPP) program provides a much-needed opportunity for future leaders to gain a better understanding of Taiwan through first-hand exposure to its politics, culture, and history. The papers in this compendium were written by the 10 members of the 2018 TUPP delegation. TUPP provides a much-needed opportunity for future leaders to gain a better understanding of Taiwan through first-hand exposure to its politics, culture, and history. Each participant was asked to reflect on his or her in-country experience and produce a short article analyzing a policy issue related to Taiwan. These papers are a testament to the powerful impact that follows first-hand exposure to Taiwan.

Sustainable Development in India and South-East Asia

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Publisher : Taylor & Francis
ISBN 13 : 100089875X
Total Pages : 511 pages
Book Rating : 4.0/5 (8 download)

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Book Synopsis Sustainable Development in India and South-East Asia by : Ishwar C. Dhingra

Download or read book Sustainable Development in India and South-East Asia written by Ishwar C. Dhingra and published by Taylor & Francis. This book was released on 2023-06-02 with total page 511 pages. Available in PDF, EPUB and Kindle. Book excerpt: India and the South-East Asia are typical case studies of interest for students of development economics. These countries have served as role models for most of the emerging economies. Sustainable Development in India and South-East Asia attempts to explore and analyse the nature of economic relationship between India and the South-East Asia. It assesses the prospects for this relationship to grow and flourish. Finally, it makes suggestions to strengthen and carry forward this relationship. Print edition not for sale in South Asia (India, Sri Lanka, Nepal, Bangladesh, Pakistan and Bhutan)

Global Economic Prospects

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Publisher : Global Economic Prospects
ISBN 13 : 9781464812576
Total Pages : 0 pages
Book Rating : 4.8/5 (125 download)

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Book Synopsis Global Economic Prospects by : World Bank Group

Download or read book Global Economic Prospects written by World Bank Group and published by Global Economic Prospects. This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global Economic Prospects is a World Bank Group Flagship Report. Published semiannually, the report includes analysis of topical policy challenges faced by developing countries through in-depth research in the January edition, and shorter analytical pieces in the June edition.

Technology Application in Tourism in Asia

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Author :
Publisher : Springer Nature
ISBN 13 : 9811654611
Total Pages : 489 pages
Book Rating : 4.8/5 (116 download)

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Book Synopsis Technology Application in Tourism in Asia by : Azizul Hassan

Download or read book Technology Application in Tourism in Asia written by Azizul Hassan and published by Springer Nature. This book was released on 2022-03-02 with total page 489 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book very specifically focuses on technology application in tourism in Asia. The book contains twenty-seven chapters in four sections (i.e., theories, innovations, practices, and future research directions), based on the intriguing qualities and importance of technology applications in the Asian tourism business. This book, a blend of comprehensive and extensive efforts by the contributors and editor, is designed to extensively cover technology applications in tourism in Asia, including distinct topics such as mobile computing, new product designs, innovative technology usages in tourism promotion, technology-driven sustainable tourism development, location-based apps, mobility, accessibility, the post crisis situation of COVID-19, etc. This book is a significant contribution towards the very limited knowledge of technology applications in tourism, with selected examples of Asian countries. The importance of technology in Asian tourism is rapidly increasing, and has led to a rise in luxury, allowing citizens to enjoy leisure travel over both long and short distances. The rise of low-cost airlines and the region’s growing, affluent middle class have changed the tourism environment dramatically. More tourists are booking their holidays online as a result of technological advancements. Online travel is the most important and well-established aspect of Asia's Internet economy. Considering the ongoing trend of technology applications in the tourism industry in Asia, more research attempts like this book need to be made aiming towards exploring diverse aspects. As tourism is an expanding area, this book can serve as a reading companion for tourism students, policy planners and industry professionals. This book is expected to be appreciated by expatriate researchers and researchers having a keen interest in the Asian tourism industry.

Rising Concentration in Asia-Latin American Value Chains

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Publisher : UN
ISBN 13 :
Total Pages : 286 pages
Book Rating : 4.:/5 (891 download)

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Book Synopsis Rising Concentration in Asia-Latin American Value Chains by : Osvaldo Rosales

Download or read book Rising Concentration in Asia-Latin American Value Chains written by Osvaldo Rosales and published by UN. This book was released on 2015 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dynamic Asia has overtaken the European Union as Latin America and the Caribbean's second largest export market, after the United States. However, the region's exports to Asia remain concentrated in few commodities involved a small number of large firms. This book explores the present and future scope for the participation of small and medium-sized enterprises (SMEs) in biregional trade and value chains and the measures that can be taken to make those chains more inclusive and sustainable. It encourages governments in Latin America to improve the business environment in order to encourage multinational firms to invest, upgrade and innovate in the region.

Environmental, Social, and Governance Perspectives on Economic Development in Asia

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Author :
Publisher : Emerald Group Publishing
ISBN 13 : 1801178968
Total Pages : 202 pages
Book Rating : 4.8/5 (11 download)

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Book Synopsis Environmental, Social, and Governance Perspectives on Economic Development in Asia by : William A. Barnett

Download or read book Environmental, Social, and Governance Perspectives on Economic Development in Asia written by William A. Barnett and published by Emerald Group Publishing. This book was released on 2021-11-08 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume of the International Symposia in Economic Theory and Econometrics explores the latest economic and financial developments in Asia.

The Public Company Transformed

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Author :
Publisher : Oxford University Press
ISBN 13 : 0190640332
Total Pages : 400 pages
Book Rating : 4.1/5 (96 download)

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Book Synopsis The Public Company Transformed by : Brian Cheffins

Download or read book The Public Company Transformed written by Brian Cheffins and published by Oxford University Press. This book was released on 2018-09-28 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: For decades, the public company has played a dominant role in the American economy. Since the middle of the 20th century, the nature of the public company has changed considerably. The transformation has been a fascinating one, marked by scandals, political controversy, wide swings in investor and public sentiment, mismanagement, entrepreneurial verve, noisy corporate "raiders" and various other larger-than-life personalities. Nevertheless, amidst a voluminous literature on corporations, a systematic historical analysis of the changes that have occurred is lacking. The Public Company Transformed correspondingly analyzes how the public company has been recast from the mid-20th century through to the present day, with particular emphasis on senior corporate executives and the constraints affecting the choices available to them. The chronological point of departure is the managerial capitalism era, which prevailed in large American corporations following World War II. The book explores managerial capitalism's rise, its 1950s and 1960s heyday, and its fall in the 1970s and 1980s. It describes the American public companies and executives that enjoyed prosperity during the 1990s, and the reversal of fortunes in the 2000s precipitated by corporate scandals and the financial crisis of 2008. The book also considers the regulation of public companies in detail, and discusses developments in shareholder activism, company boards, chief executives, and concerns about oligopoly. The volume concludes by offering conjectures on the future of the public corporation, and suggests that predictions of the demise of the public company have been exaggerated.