The Global Financial Crisis and Macroeconomic Policy Issues in Asia
Takagi, Shinji | December 2009
Abstract
Responding to the severe negative impact of the recent global financial crisis, many Asian economies resorted to substantial easing of macroeconomic policies. This policy brief reviews the principal policy measures implemented, examines the issues that have emerged from this extraordinary experience, and concludes with a forward-looking discussion of medium- to longer-term measures to improve the effectiveness of macroeconomic policies and to make the world and the region a safer place.
Citation
Takagi, Shinji. 2009. The Global Financial Crisis and Macroeconomic Policy Issues in Asia. © Asian Development Bank. http://hdl.handle.net/11540/4075. License: CC BY 3.0 IGO.ISSN
1882-6717
Keywords
Economic Crisis
Economic Efficiency
Economic Policies
Regional Economic Development
Job Evaluation
Evaluation
Crisis
Unemployment
Economic cooperation
Gross domestic product
Employment
Economic forecast
Financial crisis
Labor economics
Regional economics
Turnover
Economic survey
Job analysis
Labor turnover
Show allCollapse
Citable URI
http://hdl.handle.net/11540/4075Metadata
Show full item recordUsers also downloaded
-
Accountability Mechanism: Listening to Communities Affected by ADB-Assisted Projects and Enhancing Development Effectiveness
Asian Development Bank (Asian Development Bank, 2009-03-15)In May 2003, ADB approved a new accountability mechanism to replace the previous Inspection Function. The mechanism was established to provide better access for people adversely affected by ADBassisted projects to voice and seek solutions to their problems and also report alleged violations of ADB’s operational policies and procedures. Establishment of the mechanism is also an effort to enhance ADB’s ...In May 2003, ADB approved a new accountability mechanism to replace the previous Inspection Function. The mechanism was established to provide better access for people adversely affected by ADBassisted projects to voice and seek solutions to their ... -
Managing Reforms for Development: Political Economy of Reforms and Policy-Based Lending Case Studies
Abonyi, George; Bernardo, Romeo; Bolt, Richard; Duncan, Ronald; Tang, Christine (Asian Development Bank, 2013-01-01)The book’s intended readers are development practitioners involved in the policy reform process. It aims to help them understand political economy factors that shape actual outcomes, and to simplify the complexities of policy reform. Successful reform has to resolve two separate and conflicting dimensions: people and time. Reforms, by their very nature, challenge the status quo, often threatening ...The book’s intended readers are development practitioners involved in the policy reform process. It aims to help them understand political economy factors that shape actual outcomes, and to simplify the complexities of policy reform. Successful reform ... -
Multilateralizing Asian Regionalism
Baldwin, Richard; Kawai, Masahiro (Asian Development Bank Institute, 2013-08-15)Motivated by the proliferation of free trade agreements (FTAs) in Asia over the last decade, this paper studies the challenges faced by the Asian “noodle bowl”—overlapping, multiple trade rules, regulations, and standards in Asia—in the process of regional and global trade integration. The paper first highlights the importance of trade and investment linkages among Asian economies that have formed ...Motivated by the proliferation of free trade agreements (FTAs) in Asia over the last decade, this paper studies the challenges faced by the Asian “noodle bowl”—overlapping, multiple trade rules, regulations, and standards in Asia—in the process of ...