Nexus between Financial Crises and Economic Stability; Case Study of ‘Taper Tantrum’ Of 2013 and Its Impact on Economic Stability of Asian Countries
Journal Title: International Journal of Multidisciplinary Research and Analysis - Year 2023, Vol 6, Issue 06
Abstract
Purpose: The purpose of this study is to examine the impact of the "Taper Tantrum" crisis on economic stability in Asian countries. The study seeks to contribute to the understanding of financial crises and provide insights for policymakers to enhance economic stability and resilience in the face of similar disruptions. Methodology: The methodology includes a comparative analysis of pre- and post-crisis periods to identify changes and trends. The findings are interpreted to draw meaningful conclusions about the effects of the crisis and the effectiveness of policy responses. Findings: The findings of the study indicate that the "Taper Tantrum" crisis had a significant short-term impact on economic stability in the selected Asian countries. It led to a slowdown in GDP growth, increased inflation rates, and higher unemployment levels. Limitations: The analysis focuses solely on the "Taper Tantrum" crisis and its impact on economic stability in Asian countries. Other factors and events that may have influenced economic conditions during the same period are not extensively examined. Secondly, the study relies on available data sources, which may have limitations in terms of accuracy, reliability, and coverage. This could affect the robustness of the findings. Practical implications: This study suggest the need for proactive policy measures to mitigate the impact of financial crises on economic stability. Policymakers should focus on enhancing regulatory frameworks, financial market resilience, and regional coordination. Originality/ Value: This study contributes to the existing body of knowledge by specifically examining the impact of the "Taper Tantrum" crisis on economic stability in Asian countries, providing unique insights into the effects of this particular crisis on the region.
Authors and Affiliations
Ruby Khan
Keywords
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- EP ID EP718269
- DOI 10.47191/ijmra/v6-i6-64
- Views 49
- Downloads 0
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