Home

    About

    Open Access Repository

    SearchBrowse by ThemeBrowse by AuthorBrowse by TypeMost Popular Titles

    Other Resources

    Curators

    Events

    Contributing Think Tanks

    Networks

    Using Content

    FAQs

    Terms of Use

    12,000+ curated items from top Think Tanks.
    JavaScript is disabled for your browser. Some features of this site may not work without it.

    Home

    About

    Open Access Repository

    SearchBrowse by ThemeBrowse by AuthorBrowse by TypeMost Popular Titles

    Other Resources

    Curators

    Events

    Contributing Think Tanks

    Networks

    Using Content

    FAQs

    Terms of Use

    Asia’s Post-Global Financial Crisis Adjustment: A Model-Based Dynamic Scenario Analysis. Asian Development Review, Vol. 27(2), pp. 122-151

    Kawai, Masahiro; Zhai, Fan | August 2010
    Abstract
    Using a dynamic global general equilibrium model, the paper assesses the short- and medium-term impacts of the global financial crisis for Asian economies and the implications of post-crisis adjustment in East Asia for the world economy. The analysis suggests that East Asia may not be severely hit permanently by the global financial crisis, and that a worldwide fiscal stimulus could play an important role in stabilizing the global economy in crisis. East Asia’s efforts toward strengthening regional and domestic demand, in conjunction with more flexible exchange rate regimes, will promote more balanced regional growth, facilitating an orderly global rebalancing. However, despite the growing size of emerging East Asia in the global economy, the region’s growth rebalancing has only modest spillover effects on the rest of the world. Emerging East Asia can contribute to global growth, but it alone cannot become the sole engine leading post-crisis growth in the world economy.
    Citation
    Kawai, Masahiro; Zhai, Fan. 2010. Asia’s Post-Global Financial Crisis Adjustment: A Model-Based Dynamic Scenario Analysis. Asian Development Review, Vol. 27(2), pp. 122-151. © Asian Development Bank. http://hdl.handle.net/11540/1663. License: CC BY 3.0 IGO.
    Keywords
    Globalization
    Financial cris
    Economic Issues
    Regional Economy
    Citable URI
    http://hdl.handle.net/11540/1663
    Metadata
    Show full item record
    Thumbnail
    PDF (245.7Kb)
    Author
    Kawai, Masahiro
    Zhai, Fan
    Theme
    Development
    Trade
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise