(SP91) Assessing Key Vulnerabilities Post Global Financial Crisis, by Vincent Choon-Seng Lim and Dongkoo Chang

Publish Date : December 2013Author : Vincent Choon-Seng Lim and Dongkoo ChangPages : 9Price : USD 8.00Total Downloads : 1686

This paper highlights some of the vulnerabilities seen as overarching  in the SEACEN economies. As the global economy recovers,  the following scenarios are probable. Firstly, a possible upward shift of interest rates in developed economies could destabilize the emerging financial markets. Secondly, a potential rapid fall in capital inflows to SEACEN economies as the tapering takes full effect could pose growth risks. Thirdly, the shadow banking system could become a source of systemic risks and create opportunities for arbitrages. The paper also highlights the need for central banks to expand their toolkit to complement monetary policies, in particular macroprudential measures.

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