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Imbalance Of Financial Systems Of East Asian Region, Driven ВУ Global Liquidity Flows

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  • N. V. Gushcha

Abstract

The relevance of a subject of a research is caused by often repeating system financial crises quickly developing into the international crises and also need of increase in financial stability for the East Asian region. There is extensive literature on the problem of global liquidity, which analyzes the transmission channels of capital flows to East Asia emerging markets, including the impact on risks to financial stability and financial landscapes.In the paper attention shifts from the transmission channels to the state of the assets, which are the end result of the effect of capital flows on the financial systems of developing countries and, as a consequence, their financial stability. The article defines the concept of structural imbalances as well.

Suggested Citation

  • N. V. Gushcha, 2017. "Imbalance Of Financial Systems Of East Asian Region, Driven ВУ Global Liquidity Flows," International Trade and Trade Policy, ФГБОУ ВО "Ð Ð¾Ñ Ñ Ð¸Ð¹Ñ ÐºÐ¸Ð¹ Ñ ÐºÐ¾Ð½Ð¾Ð¼Ð¸Ñ‡ÐµÑ ÐºÐ¸Ð¹ ÑƒÐ½Ð¸Ð²ÐµÑ€Ñ Ð¸Ñ‚ÐµÑ‚ им. Г.Ð’. Плеханова", issue 3.
    • Handle: RePEc:acl:journl:y:2017:id:207
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    References listed on IDEAS

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    7. Hyun Song Shin & Kwanho Shin, 2011. "Procyclicality and Monetary Aggregates," NBER Working Papers 16836, National Bureau of Economic Research, Inc.
    8. Kim, Soyoung & Yang, Doo Yong, 2008. "The Impact of Capital Inflows on Emerging East Asian Economies: Is Too Much Money Chasing Too Little Good?," Working Papers on Regional Economic Integration 15, Asian Development Bank.
    9. Bas B. Bakker & Giovanni Dell'Ariccia & Luc Laeven & Jérôme Vandenbussche & Deniz O Igan & Hui Tong, 2012. "Policies for Macrofinancial Stability; How to Deal with Credit Booms," IMF Staff Discussion Notes 12/06, International Monetary Fund.
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