1.

Record Nr.

UNINA9910464698903321

Titolo

Responding to financial crisis : lessons from Asia then, the United States and Europe now / / Changyong Rhee & Adam S. Posen, editors

Pubbl/distr/stampa

Washington, DC : , : Peterson Institute for International Economics : , : Asian Development Bank, , 2013

ISBN

0-88132-675-5

Descrizione fisica

1 online resource (362 p.)

Altri autori (Persone)

PosenAdam Simon

RheeChangyong

Disciplina

338.5/42

Soggetti

Financial crises - Asia

Financial crises - Europe

Financial crises - United States

Electronic books.

Asia Economic conditions 21st century

Europe Economic conditions 21st century

United States Economic conditions 21st century

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"October 2013."

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

""Cover""; ""Table of Contents""; ""Preface""; ""Chapter 1 Introduction""; ""The United States and Europe Can Learn from Japan's "Lost Decades""; ""Central Bank Actions in Advanced Economies during the Global Financial Crisis Had Net Positive Impact""; ""Asian Countries Fared Better during the Global Financial Crisis than during the Asian Crisis""; ""The West Failed to Practice What It Preached during the Asian Crisis""; ""The Role of the International Monetary Fund Is Crucial""; ""Regional Financial Arrangements and Global Institutions Should Increase Coordination""

""Regional Financial Institutions Face the Same Challenges as Global Institutions"" ""Most of Emerging Asia Is in a Solid Debt Position, but Japan Faces Challenges""; ""Chapter 2 Banking Crises and "Japanization": Origins and Implications""; ""Japan's Stagnation Experience""; ""International Comparative Perspectives of Banking Crisis Experiences""; ""Econometric Analysis of Banking Crises and Growth"";



""Conclusion and Policy Implications""; ""References""; ""Appendix 2A""; ""Chapter 3 Responses of Central Banks in Advanced Economies to the Global Financial Crisis""

""How Have Central Banks Responded to the Crisis?"" ""How Effective Were the Responses?""; ""Conclusions""; ""References""; ""Appendix 3A""; ""Chapter 4 Why Did Asian Countries Fare Better during the Global Financial Crisis than during the Asian Financial Crisis?""; ""Macroeconomic Performance of Five Asian Countries: The Asian versus the Global Financial Crisis""; ""Empirical Framework""; ""Empirical Results""; ""Concluding Observations""; ""References""; ""Chapter 5 Policy Advice and Actions during the Asian and Global Financial Crises""; ""The Asian Financial Crisis""

""The US Financial Crisis"" ""Conclusion""; ""References""; ""Chapter 6 Evolution of the Asian and European Financial Crises: Role of the International Monetary Fund""; ""Crisis Origins""; ""Evolution of the Crises in Asia and Europe""; ""Lasting Lessons?""; ""References""; ""Chapter 7 Global and Regional Financial Safety Nets: Lessons from Europe and Asia""; ""Rise of Regional Arrangements""; ""Cooperation Challenges and Policy Prescriptions""; ""Conclusion""; ""References""; ""Appendix 7A""; ""Chapter 8 Regional Responses to Financial Crises: The Americas, East Asia, and Europe""

""Europe: The Road to the European Stability Mechanism and the Fiscal Compact"" ""Asia: Intergovernmentalism and Limits of the Chiang Mai Initiative""; ""The Western Hemisphere: American Leadership, Weak Institutions""; ""Conclusion""; ""References""; ""Chapter 9 Sovereign Debt and Asia: International Lessons and Emerging Issues""; ""The Latin American Crisis in the 1980's""; ""The East Asian Crisis of the Late 1990's""; ""The Euro Area Debt Crisis since 2010""; ""Debt Dynamics""; ""Debt Sustainability in Asia""; ""Fiscal Sustainability""; ""Domestic Bond Markets""; ""The Japan Problem""

""Debt and Growth""