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Financial Inclusion in Asia-Pacific

Financial Inclusion in Asia-Pacific »

Volume/Issue: 2018/17

Series: Departmental Papers / Policy Papers

Author(s): Elena Loukoianova , Yongzheng Yang , Si Guo , Leni Hunter , Sarwat Jahan , Fazurin Jamaludin , and Johanna Schauer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 September 2018

DOI: http://dx.doi.org/10.5089/9781484371015.087

ISBN: 9781484371015

Keywords: Financial inclusion, Financial institutions, Financial services industry, Poor, financial inclusion, macroeconomic policymaking, fintech, Asia, Asia Pacific, Pacific

Asia has made significant progress in financial inclusion, but both its across-country and intra-country disparities are among the highest in the world. The gaps between the rich and the poor, rural and urban popul...

Regional Economic Outlook, April 2018, Asia Pacific
			: Good Times, Uncertain Times: A Time to Prepare

Regional Economic Outlook, April 2018, Asia Pacific : Good Times, Uncertain Times: A Time to Prepare »

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 May 2018

DOI: http://dx.doi.org/10.5089/9781484339886.086

ISBN: 9781484339886

Asia is expected to grow by about 51/2 percent this year, accounting for nearly two-thirds of global growth, and the region remains the world's most dynamic by a considerable margin. But despite the strong outlook,...

Monetary Policy Transmission in Emerging Asia
			: The Role of Banks and the Effects of Financial Globalization

Monetary Policy Transmission in Emerging Asia : The Role of Banks and the Effects of Financial Globalization »

Volume/Issue: 2015/207

Series: IMF Working Papers

Author(s): Nasha Ananchotikul , and Dulani Seneviratne

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 September 2015

DOI: http://dx.doi.org/10.5089/9781513516233.001

ISBN: 9781513516233

Keywords: Monetary policy transmission, bank lending channel, financial globalization, bank, lending, credit, banking, General, Monetary Policy (Targets, Instruments

Given the heavy reliance on bank lending as the main source of financing in most Asian economies, banks could potentially play a pivotal role in monetary policy transmission. However, we find that Asia's bank lendi...

Why Was Asia Resilient? Lessons from the Past and for the Future

Why Was Asia Resilient? Lessons from the Past and for the Future »

Volume/Issue: 2014/38

Series: IMF Working Papers

Author(s): Phakawa Jeasakul , Cheng Lim , and Erik Lundback

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 February 2014

DOI: http://dx.doi.org/10.5089/9781475540284.001

ISBN: 9781475540284

Keywords: Global financial crisis, resilience, financial and external vulnerabilities, banking, banking crisis, banking system, bank capital, loan classification, Financial Markets and the Macroeconomy, Asia including Middle East,

Asia proved to be remarkably resilient in the face of the global financial crisis, but why was its output performance stronger than that of other regions? The paper shows that better initial conditions-in the form...

Surging Capital Flows to Emerging Asia
			: Facts, Impacts, and Responses

Surging Capital Flows to Emerging Asia : Facts, Impacts, and Responses »

Volume/Issue: 2012/130

Series: IMF Working Papers

Author(s): Sylwia Nowak , Sanjaya Panth , Ravi Balakrishnan , and Yiqun Wu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2012

DOI: http://dx.doi.org/10.5089/9781475503821.001

ISBN: 9781475503821

Keywords: capital flows, net capital flows, net capital, private capital flows, Financial Institutions and Services: Government Policy and Regulation,

Net capital flows to emerging Asia rebounded at a record pace following the global financial crisis, raising concerns about overheating and financial stability. This paper documents the size and composition of the...

Global Volatility and Forex Returns in East Asia

Global Volatility and Forex Returns in East Asia »

Volume/Issue: 2008/208

Series: IMF Working Papers

Author(s): Sanjay Kalra

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2008

DOI: http://dx.doi.org/10.5089/9781451870664.001

ISBN: 9781451870664

Keywords: Forex returns, GARCH models, volatility, exchange rate, standard deviation, statistics, heteroscedasticity,

During 2001-07, increases in mature market volatility were associated with declines in forex returns for East Asian countries, consistent with an overall "flight to safety" effect. Estimates from GARCH models sugge...

Insurance Value of International Reserves
			: An Option Pricing Approach

Insurance Value of International Reserves : An Option Pricing Approach »

Volume/Issue: 2004/175

Series: IMF Working Papers

Author(s): Jaewoo Lee

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2004

DOI: http://dx.doi.org/10.5089/9781451858785.001

ISBN: 9781451858785

Keywords: option, underlying asset, international reserves, reserve holding, external debt, currency crises, reserve holdings, Open Economy Macroeconomics,

A quantitative framework is developed to bring forward the insurance motive of holding international reserves. The insurance value of reserves is quantified as the market price of an equivalent option that provides...

Lending Booms, Real Estate Bubbles and the Asian Crisis

Lending Booms, Real Estate Bubbles and the Asian Crisis »

Volume/Issue: 2002/20

Series: IMF Working Papers

Author(s): Abdelhak Senhadji , and Charles Collyns

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2002

DOI: http://dx.doi.org/10.5089/9781451843859.001

ISBN: 9781451843859

Keywords: Lending Booms, Real Estate Bubbles, Asia Crisis, real estate, stock market, real estate prices, moral hazard, Asian Crisis,

This paper examines the link between lending booms, asset price cycles, and financial crises across East Asian countries. Both theoretical arguments and empirical evidence support a strong relationship between bank...

The Output Decline in Asian Crisis Countries
			: Investment Aspects

The Output Decline in Asian Crisis Countries : Investment Aspects »

Volume/Issue: 2002/25

Series: IMF Working Papers

Author(s): Joshua Greene

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2002

DOI: http://dx.doi.org/10.5089/9781451844276.001

ISBN: 9781451844276

Keywords: output decline, asian crisis, balance sheet, private capital, private capital flows, private investment, capital flows, capital inflows, Macroeconomics: Production, Macroeconomics: Consumption

This paper examines whether capital outflows may have contributed to output declines during the Asian Crisis by reducing the financing available for domestic investment. Panel data regressions suggest a positive, s...

Speculative Attacks in the Asian Crisis

Speculative Attacks in the Asian Crisis »

Volume/Issue: 2001/189

Series: IMF Working Papers

Author(s): Zhiwei Zhang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2001

DOI: http://dx.doi.org/10.5089/9781451859614.001

ISBN: 9781451859614

Keywords: ACH, currency crisis, duration analysis, contagion, speculative attacks, asian crisis, currency crises, equation, Econometric Modeling,

This paper takes the Asian crisis as an example to show that the Autoregressive Conditional Hazard (ACH) model is a powerful tool for studying the time series features of speculative attacks. The ACH model proposes...