Narrow search
Showing 1 - 10 of 127
Cover Image
The Chiang Mai Initiative Multilateralization : Origin, Development and Outlook
Sussangkarn, Chalongphob - East Asian Bureau of Economic Research (EABER) - 2010
This paper discusses the Chiang Mai Initiative Multilateralization (CMIM); its origin, development and future outlook. It puts forward a number of proposals to make the liquidity support role of the CMIM more effective. It is further argued that the CMIM can bring about major changes to the...
Persistent link: https://www.econbiz.de/10009363293
Cover Image
Financial Reform and Asian Integration : What Now?
Bery, Suman - East Asian Bureau of Economic Research (EABER) - 2009
Persistent link: https://www.econbiz.de/10009363692
Cover Image
Indian Capital Control Liberalization : Evidence from NDF Markets
Hutchison, Michael; Kendall, Jake; Pasricha, Gurnain; … - East Asian Bureau of Economic Research (EABER) - 2009
no-arbitrage bandwidth whose boundaries are determined by transactions costs and capital controls. Inside of the bands …, small deviations from CIP follow a random walk process. Outside the bands, profitable arbitrage opportunities exist and we … adjustment (above and below the band thresholds), which may vary depending on how arbitrage activity is constrained by capital …
Persistent link: https://www.econbiz.de/10009363806
Cover Image
International Reserves and Swap Lines in Times of Financial Distress : Overview and Interpretations
Aizenman, Joshua - East Asian Bureau of Economic Research (EABER) - 2010
In this paper I review the use of precautionary measures aimed at mitigating emerging markets exposure to fragility associated with financial integration. The discussion draws possible lessons from the ongoing global liquidity crisis. The fear of losing international reserves (IR) constrained...
Persistent link: https://www.econbiz.de/10009363868
Cover Image
Spillover Effects among the Greater China Region Stock Markets
Johansson, Anders C; Ljungwall, Christer - East Asian Bureau of Economic Research (EABER) - 2006
This paper explores the linkages between the different stock markets in the Greater China region. Cointegration tests indicate that the three markets are not cointegrated. A vector-autoregressive multivariate conditional volatility model that accounts for asymmetric volatility effects is used to...
Persistent link: https://www.econbiz.de/10009365377
Cover Image
Understanding the ADR premium under market segmentation
Stigler, Matthieu; Shah, Ajay; Patnaik, Ila - East Asian Bureau of Economic Research (EABER) - 2010
Capital controls can induce large and persistent deviations from the Law of One Price for cross-listed stocks in international capital markets. A considerable literature has explored firm-specific factors which influence ADR pricing when LOP is violated. In this paper, we examine the...
Persistent link: https://www.econbiz.de/10009365439
Cover Image
Regional Financial Regulation in Asia
Kawai, Masahiro; Morgan, Peter J. - East Asian Bureau of Economic Research (EABER) - 2014
The Asian financial crisis (1997–1998) and the global financial crisis (2007–2009) highlighted the potential value of financial regionalism, i.e., regional-level cooperation in financial policy. This paper argues that there is a mediating role for regional-level institutions of...
Persistent link: https://www.econbiz.de/10011134340
Cover Image
Regional Financial Regulation in Asia
Kawai, Masahiro; Morgan, Peter J. - East Asian Bureau of Economic Research (EABER) - 2014
The Asian financial crisis (1997–1998) and the global financial crisis (2007–2009) highlighted the potential value of financial regionalism, i.e., regional-level cooperation in financial policy. This paper argues that there is a mediating role for regional-level institutions of...
Persistent link: https://www.econbiz.de/10011134373
Cover Image
Regional Financial Regulation in Asia
Kawai, Masahiro; Morgan, Peter J. - East Asian Bureau of Economic Research (EABER) - 2014
The Asian financial crisis (1997–1998) and the global financial crisis (2007–2009) highlighted the potential value of financial regionalism, i.e., regional-level cooperation in financial policy. This paper argues that there is a mediating role for regional-level institutions of...
Persistent link: https://www.econbiz.de/10011134388
Cover Image
Bond Market Development in Asia : An Empirical Analysis of Major Determinants
Bhattacharyay, Biswa Nath - East Asian Bureau of Economic Research (EABER) - 2011
One of the reasons behind the financial crisis in 1997 was excessive dependence of Asian economies on commercial banks for domestic financing. Banks were the major source of corporate financing because the other major source, bond markets, was underdeveloped and small. On the other hand, the...
Persistent link: https://www.econbiz.de/10009653142