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Economic Impact of Eurozone Sovereign Debt Crisis on Developing Asia

dc.contributor.authorMinsoo Lee
dc.contributor.authorDonghyun Park
dc.contributor.authorArnelyn Abdon
dc.contributor.authorGemma Estrada
dc.date.accessioned2015-02-06T15:56:31Z
dc.date.available2015-02-06T15:56:31Z
dc.date.issued2013-01-01
dc.identifier.issn1655-5252
dc.identifier.urihttp://hdl.handle.net/11540/2338
dc.description.abstractThe European Union (EU) has traditionally been an important economic partner for Asia. In addition to absorbing a significant share of the region’s exports, the EU has been a major source of foreign direct investment and other capital flows into the region. In light of such close economic linkages between the EU and Asia, the euro crisis will undoubtedly influence Asia’s short-term macroeconomic outlook. The key question, however, is how big the impact will be. This paper tries to answer this by examining both the trade and financial channels of crisis transmission. The impact on developing Asia will fall primarily on trade but there are also significant effects on the region’s financial systems, especially its banking sector. However, overall, the magnitude of the shock from the euro crisis will be significantly smaller than the shock from the global crisis. A further cause for guarded optimism is that developing Asia still has relatively ample policy space to cushion a major external shock.
dc.languageEnglish
dc.publisherAsian Development Bank
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.titleEconomic Impact of Eurozone Sovereign Debt Crisis on Developing Asia
dc.typeWorking Papers
dc.subject.expertMacroeconomic
dc.subject.expertMacroeconomic Analysis
dc.subject.expertPerformance Evaluation
dc.subject.expertImpact Evaluation
dc.subject.adbEconomic indicators
dc.subject.adbGrowth models
dc.subject.adbGross domestic product
dc.subject.adbMacroeconomics
dc.subject.adbEconomic forecast
dc.subject.naturalExports
dc.subject.naturalEconomic development projects
dc.subject.naturalEconomic policy
dc.subject.naturalEconomic forecasting
dc.title.seriesEconomics Working Paper
dc.title.volumeno 336
dc.contributor.imprintAsian Development Bank
oar.themeEconomics
oar.themeEvaluation
oar.adminregionAsia and the Pacific Region
oar.countryBangladesh
oar.countryBhutan
oar.countryIndia
oar.countryMaldives
oar.countryNepal
oar.countrySri Lanka
oar.countryBrunei Darussalam
oar.countryCambodia
oar.countryIndonesia
oar.countryLao People's Democratic
oar.countryMalaysia
oar.countryMyanmar
oar.countryPhilippines
oar.countrySingapore
oar.countryThailand
oar.countryViet Nam
oar.countryCook Islands
oar.countryFiji Islands
oar.countryKiribati
oar.countryMarshall Islands
oar.countryFederated States of Micronesia
oar.countryNauru
oar.countryPalau
oar.countryPapua New Guinea
oar.countrySamoa
oar.countrySolomon Islands
oar.countryTimor-Leste
oar.countryTonga
oar.countryTuvalu
oar.countryVanuatu
oar.countryAfghanistan
oar.countryArmenia
oar.countryAzerbaijan
oar.countryGeorgia
oar.countryKazakhstan
oar.countryKyrgyz Republic
oar.countryPakistan
oar.countryTajikistan
oar.countryTurkmenistan
oar.countryUzbekistan
oar.countryPeople's Republic of China
oar.countryHong Kong
oar.countryChina
oar.countryRepublic of Korea
oar.countryMongolia
oar.countryTaipei,China
oar.identifierOAR-001583
oar.authorLee, Minsoo
oar.authorPark, Donghyun
oar.authorAbdon, Arnelyn
oar.authorEstrada, Gemma
oar.importtrue
oar.googlescholar.linkpresenttrue


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