記述言語：日本語   出版者・発行元：東京 : 日本証券アナリスト協会  

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その他リンク： https://ndlsearch.ndl.go.jp/books/R000000004-I033571020

記述言語：英語   掲載種別：研究論文（学術雑誌）   出版者・発行元：Elsevier BV  

DOI： 10.1016/j.iref.2020.06.003

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記述言語：英語   掲載種別：研究論文（学術雑誌）   出版者・発行元：ELSEVIER SCIENCE INC  

This paper describes an investigation of the transmission of US shocks to Asian economies with consideration of financial linkages and trade linkages. Using the sign restriction vector autoregression (VAR) approach during 2000-2012, our empirical results can be summarized as follows. First, both US financial and trade linkages exert a significant impact on production in Asian economies. Second, through both financial and trade linkages, US spillover shocks account for around 50% of the production fluctuation in Asian economies. Third, during the episodes of 2007-2009 US financial crisis, the impact of financial shocks is greater than that of trade shocks. Results suggest that (i) Asian economies are not decoupled with US; and (ii) different from conventional findings, financial linkages between US and Asian economies are strong, especially for highly developed Asian economies. Therefore, investors and policymakers of Asian economies should take account of US financial conditions. (C) 2013 Elsevier Inc. All rights reserved.

DOI： 10.1016/j.najef.2013.12.002

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記述言語：英語   掲載種別：研究論文（学術雑誌）  

DOI： 10.1111/roie.12087

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記述言語：英語   掲載種別：研究論文（学術雑誌）   出版者・発行元：ELSEVIER SCIENCE INC  

After the Asian crisis in 1997, the respective trade balances of Indonesia, Korea, Malaysia, and Thailand reversed suddenly from deficit to surplus. By particularly addressing the sudden cessation of investment caused by the financial crisis, it is demonstrated that the IS balance adjustment dominates real exchange rate depreciation, indicating that to reform the large external imbalance of Asian countries, which is a major component of global imbalance, policymakers should target domestic absorption. Furthermore, it can be demonstrated that the large trade balance surplus of Asian countries will decrease along with recovery. Finally, policy implications related to the recent Euro crisis are provided. (C) 2013 Society for Policy Modeling. Published by Elsevier Inc. All rights reserved.

DOI： 10.1016/j.jpolmod.2013.04.002

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担当区分：筆頭著者  

添付ファイル： 571f38965b2940a5610079f08f9b5c05.pdf

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掲載種別：速報，短報，研究ノート等（学術雑誌）  

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掲載種別：機関テクニカルレポート，技術報告書，プレプリント等  

添付ファイル： 301.pdf

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記述言語：日本語   掲載種別：記事・総説・解説・論説等（その他）  

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記述言語：英語   会議種別：口頭発表（一般）  

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記述言語：英語   会議種別：口頭発表（一般）  

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