Asian decoupling a figment of the great moderation, says BIS paper
Asian economies did not decouple from the rest of the global economy, according to a new paper published by the Bank for International Settlements (BIS) at the end of December, which argues that the appearance of decoupling was an illusion brought about by the ‘great moderation'.
In Asia's decoupling: fact, forecast or fiction? Lillie Lam and James Yetman of the BIS's monetary and economic department examine co-movement patterns and show that these are very sensitive to changes in macroeconomic
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