Global Financial Imbalances: The Future Impact of Asian and Middle East Surpluses Karen Johnson April 24, 2006.

Slides:

Advertisements

Similar presentations

Copyright © 2009 Pearson Addison-Wesley. All rights reserved. Chapter 13 Balance of Payments, Developing-Country Debt, and the Macroeconomic Stabilization.

Advertisements

Implications of the Global Turmoil on Economic Outlook for MENA Countries, Afghanistan, and Pakistan Masood Ahmed Director, Middle East and Central Asia.

Mobilizing international resources for development: Foreign direct investment and other private flows Mansoor Dailami New York February 15th, 2008 Manager,

Doing Business in the Middle East and North Africa – with particular reference to Iraq Baghdad 12 November Presentation to Iraq Private Sector Development.

What Happened to the Asian Miracle?. The Asian Tigers Throughout the 1990s, Asian economies were reporting stellar rates of economic growth Throughout.

Herbert Grubel Professor of Economics (Emeritus), Simon Fraser University Senior Fellow, The Fraser Institute Presentation at the III Astana Economic Forum,

Union of Arab Banks, Annual Arab Banking Conference, Beirut, November Andrew Cunningham Founder Darien Middle East.

How to Develop the Middle East Market Jeff Ambjorn Regional Director, Middle East & Africa Dubai Office HKTDC.

1 Jong-Wha Lee Korea University and ANU Warwick J McKibbin ANU and Lowy Institute Yung Chul Park Korea University The Transpacific Imbalance: An East Asian.

Lecture 2:The International Monetary System

Llad Phillips 1 Introduction to Economics Microeconomics The World Economy.

Financial Crises East Asia 1997, Russia 1998, Brazil ?

Chapter 15 International and Balance of Payments Issues.

Global outlook: Two-speed recovery in motion Real GDP Growth (percent change from a year earlier) World Emerging economies Advanced economies.

ХАРАКТЕРИСТИКА ЭКОНОМИКИ ИНДОНЕЗИИ И ФИЛИППИН. Pilippines`s economy The Philippines was less severely affected by the Asian financial crisis of 1998 than.

1 China’s Oil Outlook, Crude Imports and Energy Security By Robert Smith FACTS Global Energy Presented to IPAA 2006 Midyear Meeting June 14, 2006 Naples.

Economic Development and Globalization Division Financing for Development Section.

The Double Dip Recession in Asia Real GDP Growth (Annual Percent Change) (est.)2006 (est.)2007.

THE GLOBAL ECONOMIC ENVIRONMENT FOR EMERGING MARKET ECONOMIES APPENDICES JEFFREY FRANKEL ANNUAL SYMPOSIUM ON CAPITAL MARKETS MEDELLIN, COLOMBIA, MAY 3,

The Global Economic Environment

Africa in the new oil geopolitics

Erin Drill Wyatt Hammell Emily Pieper. AN ECONOMIC FORCE.

Economic Development and Globalization Division Financing for Development Section.

Oil in Southwest Asia: How “Black Gold” Has Shaped a Region

PORTFOLIO AND SELECT COMMITTEES ON FINANCE March 2006.

East Asian Crisis of Prior to mid-1997, the economies of Thailand, Indonesia, Malaysia, the Philippines, Hong Kong, Singapore and South Korea were.

1 International Finance Chapter 22: Developing Countries: Growth, Crisis, and Reform.

Controlled Capital Account Liberalization Eswar Prasad & Raghuram Rajan IMF.

Globalized Banking, Shock Transmission, and Implications on Domestic and International Monetary Policy Stances of the Local Economy Masaru Tanaka Deputy.

Part 1 – The current economic environment INDONESIA’S CURRENT ACCOUNT CHALLENGE Richard Dutu Economist, Indonesia Desk OECD Economic Department.

PORTFOLIO AND SELECT COMMITTEES ON FINANCE June 2006.

Understanding the Korean Miracle E. Young Song Sogang University Summer, 2011.

How bureaucracy hinders flow of cargoes in the Black Sea region Nikos Marmatsouris. FICS Maritime Days Odessa, May 2013.

Journal : REMEMBER TO WRITE 3-5 SENTENCES EVERYDAY!!! Update your binder list using the front board. Pull out your Middle East map – Study it (countries.

Asia How much do you know?. Can you define Asia? Asia is the world’s largest continent Where is Asia? Asia is located in the Eastern and Northern Hemispheres.

The Composition of The Global Flow of Funds in East Asia Nan Zhang The 11th International Conference of Northeast Asian Area August 19-20, 2004, Chang.

OPEC Organization of Petroleum Exporting Countries Founded 1960 by 5 member nations 1.Iran, Iraq, Kuwait, Saudi Arabia, Venezuela 2.HQ = Vienna, Austria.

Martin Krause Professor of Economics ESEADE Graduate School and University of Buenos Aires.

The 1997 Asian Financial Crisis (AFC) Arthur James Haruto Noguchi Wayne Saward.

Asia Afghanistan Armenia.

Jordan Morocco Saudi Arabia Algeria Yemen Tunisia Oman Libya

1 International Trade and Finance of Thailand (Part 1)

Global Development Finance 1999 Main Messages Global Economic Environment Main Messages n n Global output slowdown deeper than anticipated   Developing.

GLOBAL IMBALANCES Notes for Discussion Guillermo Calvo October 20, 2005.

What does the term Middle East mean? “Diversity & Nationalism”: Pg. 888.

1 The Macroeconomics of Labor Market Outcomes in MENA over the 1990s: How Growth has Failed to Keep Pace With a Burgeoning Labor Market.

MENA – The Good, The Bad and The Not So Good! Miguel Borlido – Roberto Papadia Madrid 23rd May 2016.

Diery Seck & Amie Gaye, CREPOL 4 th July  1) Were there distinct impacts of the crisis on Arab Region and Sub-Saharan Africa (SSA)?  2) What are.

1 GLOBAL FINANCIAL IMBALANCES Towards a new Bretton Woods? Rachel Lomax Deputy Governor, Bank of England Chatham House Conference, 24 January 2006.

Lecturer: Jack Wu 吳文傑 Taiwan Economy Lecturer: Jack Wu 吳文傑.

What do we know about export diversification?

#1: Shift in the Ratios of Export Growth to GDP growth

Global Imbalances and the Bretton Woods II System

International Trade, Foreign Capital Flow and Aid in Development

Asian Financial Crisis

Source: Freedom House, Freedom in the World 2006

Working Together for a Better Future

Global Financial Imbalances: The Future Impact of Asian and Middle East Surpluses Karen Johnson April 24, 2006.

Trading Blocs (Free-trade associations)

LECTURER: JACK WU 吳文傑 Taiwan Economy LECTURER: JACK WU 吳文傑.

NS4053 Winter Term 2015 MENA Country Patterns

How can a countries like U.A.E. and Qatar get so wealthy?

Directions: Identify the names of the labeled countries

(Billions of U.S. Dollars)

Kirby Leyshon, Robert Peroutka, & Emma Volk

OPEC Organization of Petroleum Exporting Countries

Economic Boom ( ).

Presentation transcript:

Global Financial Imbalances: The Future Impact of Asian and Middle East Surpluses Karen Johnson April 24, 2006

Exchange Rates: Chinese RMB Source: FRB weights

Exchange Rates: Korean Won Source: FRB weights

Exchange Rates: Japanese Yen Source: FRB weights

Current Account Balance (% of GDP) Source: IMF WEO

Current Account Balance (% of GDP) Source: IMF WEO *Hong Kong, Korea, Singapore, Taiwan

Global Oil Prices (WTI) Source: Commodity Research Bureau

Revenue Flows to Fuel Exporters Source: IMF WEO

Foreign Exchange Reserves Source: IMF *Indonesia, Malaysia, Philippines, Singapore, Thailand, Hong Kong

Foreign Exchange Reserves: Aggregate of Fuel Exporters Source: IMF *No data available for Turkmenistan, Iran, Iraq, or Syria **2005 data not yet available for Angola, Rep. of Congo, Equatorial Guinea, Gabon, Sudan, Bahrain, UAE, or Yemen

Portfolio Inflows to the United States Source: Treasury International Capital System ( *Indonesia, Malaysia, Philippines, Singapore, Thailand, Hong Kong **Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, UAE

Inflation: Consumer Prices Source: IMF WEO

Gross Issuance of Chinese Sterilization Bonds Source: Bloomberg

Distortions Implicit subsidy to exports Distort allocation of domestic fixed investment Continue to attract capital inflow

Downside of Reserve Accumulation Complications posed for monetary policy Distortions on bank behavior Limits on financial sector development Price signals altered by the exchange rate