Cross-Border Asset Pledgeability for Enhanced Financial Stability

Cross-Border Asset Pledgeability for Enhanced Financial Stability

Even with the sizable Foreign Exchange (FX) holdings and good credit ratings of its top assets, Asia remains vulnerable to various shocks. This paper highlights the limited cross-border asset pledgeability as a significant factor for the lingering vulnerability in Asia. The dichotomy in asset holdin...

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Bibliographic Details
Main Author: Gongpil Choi
Format: Article
Language:English
Published: Korea Institute for International Economic Policy 2020-03-01
Series:East Asian Economic Review
Subjects:
cross-border collateral
asset pledgeability
safe asset shortage
financial stability
pvar (panel vector autoregression)
haircut
Online Access:http://dx.doi.org/10.11644/KIEP.EAER.2020.24.1.373

Internet

http://dx.doi.org/10.11644/KIEP.EAER.2020.24.1.373

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