East Asia and Pacific Update, April 2009 : Battling the Forces of Global Recession

Developing East Asia is battling the forces of global recession. The impact of the crisis in the advanced countries was transmitted to the economies of the region with unusual speed. In the region, the initial global financial turbulence was marked by sudden reversals of capital flows in the middle-...

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Bibliographic Details
Main Author:	World Bank
Format:	Publication
Language:	en_US
Published:	World Bank, Washington, DC 2013
Subjects:	Accounting Accounting Standards arrears availability of credit balance of payments balance sheets bank deposits bank lending bank policy bank portfolios banking crises banking sectors banking systems Banks beneficiaries bond bonds borrowing calculations capital account Capital flows capital goods capital investments capital markets cash transfer cash transfers Central Bank central banks central government financing collateral commercial bank commercial bank assets commercial banks commodities Commodity commodity price Commodity prices community development contribution contributions corporate bonds credit agencies credit availability credit expansion credit growth credit guarantees credit increase credit lines credits crisis management currency Currency depreciation currency depreciations current account current account deficit current accounts debt debt burdens debt issuance debt levels debt markets debt securities debt sustainability debtors debts Deposit deposits depreciation depreciations developing country Development Bank Direct Investment diversification domestic banks domestic consumption domestic debt domestic liquidity domestic markets earnings economic activity Economic Management emerging markets equipment equities equity investments equity market exchange rate exchange rates expenditure export growth exporter Exporters external debt external shocks family health FDIC Federal Deposit Insurance Federal Deposit Insurance Corporation Financial Crises financial crisis financial institutions financial markets financial regulators Financial Sector Financial Sector Development financial systems fiscal deficit fiscal deficits fiscal policies fiscal policy fixed assets foreign bank foreign banks foreign currency Foreign Direct Investment foreign exchange foreign exchange reserves foreign investment foreign investors global economy global finance Global trade globalization Governance issues government bank government budget government debt government intervention Gross Domestic Product Household Income household wealth human capital income income growth income tax income taxes inflation Insurance interest rates international banks international financial crisis international trade inventories investing Investment Bank investment program job losses labor force labor market labor markets large firms letters of credit liquidity living standards loan loan portfolios loan quality local banks local currency local governments low income Low-income macroeconomic stability mark-to-market mark-to-market accounting market interest rates market prices market share maturity medium enterprises Monetary authorities monetary authority Monetary Fund Nonperforming Loans oil prices personal income policy response policy responses portfolio portfolio risks poverty alleviation poverty rate price changes principal payments private capital private finance productivity property tax prosperity public expenditures public housing public investment public savings purchases real estate recession recessions regulatory forbearance remittance remittances Repayments research assistance resume resumes return risk aversion safety net safety nets salary sales savings securities share price social protection sophisticated consumer sound financial management supervisory authorities swaps tax rate tax rates telecommunications trade credit trade credits trade finance trade financing Trade protection trade regimes trade unions trading unemployed unemployment unemployment benefits wage wages working capital world markets
Online Access:	http://hdl.handle.net/10986/14684