Recent Changes in the Financial Systems of Asian and Pacific Countries

Jeffrey Frankel

Chapter 5 in Financial Stability in a Changing Environment, 1995, pp 161-208 from Palgrave Macmillan

Abstract: Abstract Japan and continental Europe have recently gone into recession, joining the English-speaking world which had entered a slow-growth period in 1990. This leaves only the developing countries of East Asia still on a strong growth trajectory. They are by now important enough to constitute in themselves a significant part of global economic growth. In response to the rapid growth, and to diminished returns to investment available in the United States and Japan, international capital has been flowing into the dynamic Asian economies.

Keywords: Interest Rate; Monetary Policy; Financial Market; Central Bank; Financial System (search for similar items in EconPapers)
Date: 1995
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Working Paper: Recent Changes in the Financial Systems of Asian and Pacific Countries (1993)
Working Paper: Recent Changes in the Financial Systems of Asian and Pacific Countries (1993)
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DOI: 10.1007/978-1-349-13352-9_6

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