Given the catastrophe in the world's largest economy and the subsequent unprecedented ultra-easy money pol..."> Given the catastrophe in the world's largest economy and the subsequent unprecedented ultra-easy money pol..."/>
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How do global liquidity phases manifest themselves in Asia?

Given the catastrophe in the world's largest economy and the subsequent unprecedented ultra-easy money policies, policy makers around the world have to face a new environment. The resulting capital flows in emerging market economies were huge and volatile. These flows have been intermediated through the banking sector (Phase One), and through the capital market, especially the fast growing bond market (Phase Two).rnrnBenefits and risks arise with these flows. The risks came to the fore after some signs emerged that the quantitative-easing policy in the United States may slow down or even reverse, causing a reversal of capital flows.rnrnThe analysis in this monograph expands on the implications of such a trend for emerging Asia, where financial cycles are falling out of sync with business cycles, reducing the effectiveness of monetary policy and thereby requiring a separate.

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Location name is not set (2B) 332.12 AZI H
2014-02137
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Series Title
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Call Number
332.12 AZI H
Publisher
: .,
Collation
iii, 63 p. :il. , 23 cm.
Language
English
ISBN/ISSN
9789292542764
Classification
332.12
Content Type
-
Media Type
-
Carrier Type
-
Edition
-
Subject(s)
-
Specific Detail Info
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