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International Transmission Of Interest Rates And The Open Economy Trilemma In Asia, Hwee Kwan Chow
International Transmission Of Interest Rates And The Open Economy Trilemma In Asia, Hwee Kwan Chow
Research Collection School Of Economics
There has recently been much discussion on the relevance of the open economy trilemma in the context of deepening financial integration of countries across the world (see for instance, Rey (2013) and Devereux and Yetman (2014)). The open economy trilemma is an important issue for the countries in Asia not least because their financial systems are small and exchange rate stability is crucial to their economic growth. This paper investigates whether the economies in Asia are still bound by the "impossible trinity" by examining the interest rate transmission from the US to the region before and after the onset of …
Managing Private Vehicles In Asian Cities, Sock-Yong Phang
Managing Private Vehicles In Asian Cities, Sock-Yong Phang
Research Collection School Of Economics
Asia's rapid urbanization and growing incomes have resulted in a corresponding booming market in motor vehicle sales. In 2013, an estimated 18 million new passenger cars were sold in China. Motor vehicle users generate congestion, pollution, accidents, noise and road damage. Yet, in most cities motor vehicle users often do not pay the full social costs and are therefore implicitly subsidized by non-users. According to the Tom Tom Traffic Index, which is based on GPS data, motorists in the worst congested cities in developed countries spend up to 40% more time for peak hour commutes. This level of delay is …
“Monetary And Currency Policy Management In Asia” By M. Kawai, P.J. Morgan And S. Takaji [Book Review], Hwee Kwan Chow-Tan
“Monetary And Currency Policy Management In Asia” By M. Kawai, P.J. Morgan And S. Takaji [Book Review], Hwee Kwan Chow-Tan
Research Collection School Of Economics
No abstract provided.