Tags : Interest Rates

About 5 results
Real Business Cycles in Emerging Economies: the Role of Interest Rates and Exchange Rates
Event Summary Understanding real business cycle (RBC) in emerging market economies is a central issue in international macroeconomics. Current literature tends to focus on the excess consumption volatility or counter-cyclical trade balance. The real exchange rate (RER) dynamics and its comovement with other ...
https://iems.ust.hk/realex
China’s Financial System and Economic Imbalances
In this paper, we study how the financial market frictions in the Chinese economy, especially the interest rate policies, lead to inefficient resource allocations and economic imbalances. First, the repressed low interest rate for household savings induce them to increase saving in order to prepare for future ...
https://iems.ust.hk/publications/iems-working-papers/xi-li-china-financial-system-economics-imbalances
Possible Fed Move to Pile More Pressure on Pegged HK Dollar – Channel NewsAsia Article Featuring IEMS’ Edwin Lai
Singapore-based TV Channel NewsAsia zoomed in on the latest US Federal Reserve’s decision on interest rates, its pressure on the HK dollar, and impact on the pegged dollar system. The story interviewed Professor Edwin Lai of the Economics Department, who said that if the HK peg continues, the HK dollar would ...
https://iems.ust.hk/updates/media-coverage/2015/possible-fed-move-to-pile-more-pressure-on-pegged-hk-dollar-channel-newsasia-article-iems-edwin-lai
Monetary Policy Transmission: Visible Disconnect – IEMS’ Sasi Gopalan Pens Op-Ed on India’s Incomplete Interest-rate Pass-through Mechanism
IEMS’ Sasidaran Gopalan was featured in an eSocialScience op-ed on India’s woefully incomplete interest-rate pass-through mechanism, and how the Reserve Bank of India’s recent rate cuts clearly illustrate the disconnect of monetary policy transmission in India. As Dr. Gopalan argued: The strength ...
https://iems.ust.hk/updates/media-coverage/2015/gopalan-esocialscience-monetary-policy-transmission-visible-disconnect
Foreign Banks in Emerging Markets: Advantage or Impediment?
Key Points Foreign bank penetration in emerging and developing economies (EMDEs) has been growing in importance since the 1990s and as EMDEs continue to liberalise their bank-based financial systems, the role of foreign banks is expected to become even more prominent. Allowing foreign bank entry can promote ...
https://iems.ust.hk/tlb4
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