The Asian financial landscape has become more interconnected over the past 2 decades. Previous financial crises have proven how volatility can transmit rapidly across an interconnected financial network. Moreover, empirical analyses have shown how it can reverberate across the macroeconomy. With a summary of lessons from past financial crises, this report also analyzes the impact of deeper financial integration on economic vulnerability.
ISBN: | 9789292624187 |
Publication date: | 30th January 2021 |
Author: | Asian Development Bank |
Publisher: | Asian Development Bank |
Format: | Paperback |
Pagination: | 52 pages |
Genres: |
International economics Economic and financial crises and disasters |