Managing Economic Crisis in East Asia

List of Figures

List of Figures 2.1 NPL Balance and their Ratio in Major Commercial Banks, 2003–08 23 2.2 Comparison of Returns, 2006–09 28 2.3 Returns on Stock Indices around the World, 1992–2009 29 2.4 Information Content in Stock Trading 31 3.1 Chinese Foreign Exchange Reserve, 1993–2008 49 3.2 Continuous Twin Surplus, 1993–2008 52 3.3 U.S. Fiscal Deficit and Net Issuance of Treasury Bonds, 1980–2008 61 3.4 U.S. Fed’s Balance Sheet: Supply Side, 2007–09 65 3.5 U.S. Fed’s Balance Sheet: Liability Side, 2007–09 66 4.1 Sources of China’s GDP Growth, 1978–2008 82 4.2 China’s Monthly Exports and Imports, 2008–09 84 4.3 China’s Monthly Export Growth, 2007–09 90 4.4 Monthly Growth of Ordinary and Process Trade, 2008–09 91 4.5 Monthly Growth of Exports for PRD, YRD, and the Rest of the Country, 2008–09 92 4.6 Monthly Growth of Imports for PRD, YRD, and the Rest of the Country, 2008–09 93 4.7 Anti-dumping: Number of Investigations Initiated, 1995–2008 98 4.8 Anti-dumping: Number of Final Measures, 1995–2008 99 5.1 Hang Seng Index, 2007–09 114 5.2 Centaline Housing Price, 2007–09 115 5.3 Seasonally Adjusted Unemployment Rate, 2006–09 118 5.4 M3 in Hong Kong (HK$ plus Foreign Deposits), 2007–09 121 6.1 Loan Amounts to the Four Different Sectors, 2004–08 139 6.2 Loans to Public Enterprises by Four Types of Banks, 1998–2009 140 6.3 Loans to Private Enterprises by Four Types of Banks, 1998–2009 142 6.4 Loans to SMEs by Four Types of Banks, 1996–2009 143 6.5 Guarantee Coverage Ratio, 2004–09 157 6.6 Effects of SME Loan Guarantees, 2005–09 158 7.1 Foreign Share of Listed Korean Stocks, 1994–2008 174 7.2 Oil Price and Current Account of Korea 178 7.3 Trend of Korea’s Short-term Foreign Debts 180 7.4 Composition of Korea’s Foreign Debt 182 8.1 Japanese Banks, Stock Prices and Land Prices, 1983–2006 191 8.2 Movement of Share Prices on the Shanghai Stock Exchange 199 8.3 Leveraging Private Sector Funds for Infrastructure Development 204 x List of Figures ...