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Enhancing financial stability in developing Asia

Adam Posen () and Nicolas Veron

Working Papers from Bruegel

Abstract: Highlights ­ • Given no generally accepted framework for financial stability, policymakers in developing Asia need to manage, not avoid, financial deepening. • This paper supports Asian policymakers’ judgement through analysis of the recent events in the United States and Europe and of earlier crisis episodes, including Asia during the 1990s. There is no simple linear relationship between financial repression and stability – financial repression not only has costs but,...

Date: 2015-10
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Working Paper: Enhancing Financial Stability in Developing Asia (2015) Downloads
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