In this paper a Markov chain Monte Carlo (MCMC) technique is developed for the Bayesian analysis of structural credit … state variables and any nonlinear transformation of state variables and parameters, facilitating practical credit risk … straightforwardly obtained from the MCMC output. The method is implemented on the basic structural credit risk model with pure …

about the next technological phase and the efficiency parameters during the current phase. Growing population as well as …

about the next technological phase and the efficiency parameters during the current phase. Growing population as well as …

and institutional strengthening measures and switching towards market-based monetary and credit management remain helpful … in correcting the prevailing flaws. The cost inefficiency scores of banks also indicate that the efficiency of Pakistani … banks have improved during 1990 to 2006. As regards group-wise efficiency estimates, foreign banks are found to be more …

This paper discusses Japan’s strategy for Asian monetary integration. It argues that Japan faces three major policy … a leadership role in this endeavor. There is no question that Japan and the PRC are such potential leaders, and the two … monetary zone in Asia, Japan needs to make significant efforts at the national and regional levels and further strengthen …

Asia is fast becoming the largest recipient of Japan's foreign direct investment (FDI). Within the Asian region, the … Association of Southeast Asian Nations (ASEAN) has been the major investment destination of Japan. In the manufacturing sectors …, however, the investment flows from Japan to ASEAN—with Thailand being the largest recipient—has been declining. In …

Japan’s changing structure of trade, FDI and economy that underlay policy changes. We argue that until the late 1990s Japan … Japan-US bilateralism sometimes resulted in “managed trade†and encountered negative perceptions of the US approach in … Japan, overall, it had a positive impact on the Japanese economy in opening domestic markets through various reforms and …