Global Economic Policy Response in Asean Welcomes Changes in Market Behavior Towards the New Normal

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Bibliographic Information
Journal Journal of Asian Multicultural Research for Economy and Management Study
Title Global Economic Policy Response in Asean Welcomes Changes in Market Behavior Towards the New Normal
Author(s) Benson, Linh, Ha Dai Sinh
Volume 2
Issue 2
Year 2021
Pages 1-7
DOI 10.47616/jamrems.v2i2.109
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Keywords Global Economy, Market Behavior, Gdp
Chicago 16th Benson, Linh, Ha Dai Sinh. "Global Economic Policy Response in Asean Welcomes Changes in Market Behavior Towards the New Normal." Journal of Asian Multicultural Research for Economy and Management Study 2, no. 2 (2021).
APA 6th Benson, L., Sinh, H. D. (2021). Global Economic Policy Response in Asean Welcomes Changes in Market Behavior Towards the New Normal. Journal of Asian Multicultural Research for Economy and Management Study, 2(2).
MHRA Benson, Linh, Ha Dai Sinh. 2021. 'Global Economic Policy Response in Asean Welcomes Changes in Market Behavior Towards the New Normal', Journal of Asian Multicultural Research for Economy and Management Study, 2.
MLA Benson, Linh, Ha Dai Sinh. "Global Economic Policy Response in Asean Welcomes Changes in Market Behavior Towards the New Normal." Journal of Asian Multicultural Research for Economy and Management Study 2.2 (2021). Print.
Harvard BENSON, L., SINH, H. D. 2021. Global Economic Policy Response in Asean Welcomes Changes in Market Behavior Towards the New Normal. Journal of Asian Multicultural Research for Economy and Management Study, 2.

Abstract

This article addresses the Gross Domestic Product (GDP) growth rate, normally used to determine how quickly economic growth has contracted in a region, i.e. adverse growth. Thus, the Finance Ministers and the ASEAN Central Bank Governors have decided on a number of promises, including (1) that exceptional policy responses to resolve this pandemic would be washed away to restore economic activity. (2) to enhance the economic and financial monitoring efficiency of the area, and to promote readiness to act as an efficient financial safety net in the region and as an essential component of the global financial security net of the Chiang May Initiative Multilateralization (CMIM). (3) to facilitate greater intra-ASEAN exchange and investment by setting up eligible ASEAN banks (4) funding for local currency use programs for settlements, foreign investments and other operations between ASEAN countries, such as revenue and transfer transactions. (5) supports the advancement of partnership in the area of the funding of infrastructures, in the context of many recommendations to facilitate private investment growth, among other steps. (6) to promote initiatives to use digital financial services to enhance the financial inclusion of the area and to enhance cooperation on various cyber risk management material.

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