War in Taiwan would cause severe disruption – Fed study
Conflict would be most economically impactful since World War II, says author
A Chinese invasion or blockade of Taiwan would trigger trade disruption, inflation and higher nominal debt and taxation levels, according to research by the Federal Reserve Bank of St Louis.
The research, published on February 26, says a blockade or invasion would be likely to create a flight to safety in the asset markets and “greatly” exacerbate fiscal pressures.
The author, Christopher Neely, says hostilities over Taiwan would have far greater repercussions for the global economy than the war
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Financial Stability
Default levels do not explain high US credit card rates – study
NY Fed paper shows levels of interest charged far exceed those for other loans
Sudanese army takes control of central bank
Military says it has retaken key buildings from rebel group
NY Fed credit survey shows consumers are strapped
Study finds more people are having applications rejected and expect loans to be harder to secure
US farmers need extra revenue to make ends meet – research
Costs largely outweigh income generated by agri, says Richmond Fed study
Iran’s central bank increases daily cash withdrawal limits
Move anticipates increased consumer spending over Persian New Year, despite ongoing economic crisis
US homes not adequately insured against disasters – report
Philly Fed study says most households do not have coverage to rebuild following catastrophic damage
Protesters occupy Irish central bank headquarters
Pro-Palestinian activists oppose institution’s involvement in sale of Israeli bonds
Credit delinquency rise may be due to home priorities – study
Consumers choosing to repay auto and home loans rather than credit cards, say authors