The Implications of Ultra-Low and Negative Interest Rates for Asia
Yoshino, Naoyuki; Chantapacdepong, Pornpinun; Angrick, Stefan | March 2018
Abstract
Twenty years after the East Asian financial crisis, Asia is facing challenges as advanced economies implement unprecedented low and negative interest rate policies to jumpstart moribund economies and avoid deflation. As the longer ends of yield curves in many advanced economies plunge into negative territory, fears are growing that these policies may create unintended side effects, including cash hoarding, housing bubbles, and damage to banks’ balance sheets. It has long been argued that Asian financial markets are influenced more by the monetary policies of advanced economies than their own, so Asia may be affected disproportionally by volatile swings of currencies, international capital flows, and debt levels.
Citation
Yoshino, Naoyuki; Chantapacdepong, Pornpinun; Angrick, Stefan. 2018. The Implications of Ultra-Low and Negative Interest Rates for Asia. © Asian Development Bank Institute. http://hdl.handle.net/11540/8183.PDF ISBN
978-4-89974-096-4
Print ISBN
978-4-89974-095-7
Keywords
Development
Finance
Development Challenges
Development Issues
Development Problems
Microenterprises Finance
Commercial Finance Companies
Enterprise Financing
Financial Analysis
Banking Finance And Investment
ADB
Project finance
Development plans
Strategic planning
Business Financing
Investment Requirements
Insurance Companies
International Monetary Relations
International Financial Market
Exchange Rate
Insurers
Insurance stocks
Insurance holding companies
Insurance carriers
Insurance agencies
Business subsidies
Investment companies
International banks and banking
Stock exchanges
Grants
Loans
Interest Rates
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