Central bank financial strength has not been a significant issue for a substantial period of time. However, recent theoretical and empirical literature argues that even central banks require sufficient level of financial strength to perform functions effectively and achieve their objectives. In...

Central bank independence and governance (CBIG) is a term subject to conflicting definitions and so its related studies are difficult to compare. This paper therefore focuses on developing of a more useable definition, and an index model identifying the determinants of independence and...

This study examines central bank independence and governance (CBIG) in Bangladesh and Australia. It applies a unique index model of Ahsan, Skully and Wickramanayake (2008) to assess their respective legal, political, price stability objectives, exchange rate policies, monetary policy and deficit...

Central bank independence and governance (CBIG) is a term subject to conflicting definitions and modelling and so its related studies are difficult to compare. This paper therefore focuses on developing of a workable definition, and a robust CBIG index model by identifying its key determinants....

This paper investigates whether any deviations in South Asian banks' interest margins can be attributed to market concentration after controlling for other bank-specific factors and exogenous environmental influences. To that end, an improved structural price-concentration model was estimated...

This paper provides an empirical analysis on Thailand's bank governance reforms after the Asian financial crisis in 1997 and then examines the stock market's response. Unlike the pre-crisis period, we find that the bank sector returns (or return volatilities) have become more Granger causal to...

This study examines the impact of board size and independent directors on the performance of local commercial banks in Thailand. A panel fixed-effect in the individual regression model is used to examine this relationship over 1999-2003. The results showed a statistically significant negative...

The objective of this study is to empirically examine the status and sustainability ofAustralia, Hong Kong, Japan and Singapore as financial centers in theAsia-Pacific region. The sample period under investigation is from 1977 to 2002. This paper attempts to provide empirical evidence on...

The objective of this study is to empirically examine the status and sustainability ofAustralia, Hong Kong, Japan and Singapore as financial centers in theAsia-Pacific region. The sample period under investigation is from 1977 to 2002. This paper attempts to provide empirical evidence on...

Using interest rate swap yield and spread data the linkages and volatility transmission between three major international swap markets: Japan, UK and the US are investigated. The volatilities of the swap yield and spreads are decomposed into long and short term components enabling an assessment...