Narrow search
Showing 1 - 10 of 106
Cover Image
Securitized Products, Financial Regulation, and Systemic Risk
Fujii, Mariko - East Asian Bureau of Economic Research (EABER) - 2010
It is widely believed that the practice of securitization is one of the causes that led to the 200708 financial crisis. In this paper, I show that securitized products such as collateralized debt obligations (CDO) are particularly vulnerable to systematic risk and tend to show higher tail risk....
Persistent link: https://www.econbiz.de/10009363853
Cover Image
Volatility Dynamics in Foreign Exchange Rates : Further Evidence from the Malaysian Ringgit and Singapore Dollar
Ho, Kin-Yip; Tsui, Albert K - East Asian Bureau of Economic Research (EABER) - 2008
The evolution of volatility and correlation patterns of the Malaysian ringgit and the Singapore dollar are analyzed in … volatility and time-varying correlations of financial time series. Consistent with the results of Tse and Tsui (1997), there is … only some weak support for asymmetric volatility in the case of the Malaysian ringgit when the two currencies are measured …
Persistent link: https://www.econbiz.de/10009363796
Cover Image
Uniform Convergence Rate of the SNP Density Estimator and Testing for Similarity of Two Unknown Densities
Kim, Kyoo il - East Asian Bureau of Economic Research (EABER) - 2006
This paper studies the uniform convergence rate of the turncated SNP (semi-nonparametric) density estimator. Using the uniform convergence rate result we obtain, we propose a test statistic testing the equivalence of two unknown densities where two densities are estimated using the SNP estimator...
Persistent link: https://www.econbiz.de/10009365085
Cover Image
Delivering Access to Safe Drinking Water and Adequate Sanitation in Pakistan
Khan, Faheem Jehangir; Javed, Yaser - East Asian Bureau of Economic Research (EABER) - 2007
Provision of safe drinking water, adequate sanitation and personal hygiene are vital for the sustainable environmental conditions and reducing the incidence of diarrhoea, malaria, trachoma, hepatitis A & B and morbidity levels. Not having access to water and sanitation is a courteous expression...
Persistent link: https://www.econbiz.de/10009365294
Cover Image
A Gaussian Test for Cointegration
Abeysinghe, Tilak; Rajaguru, Gulasekaran - East Asian Bureau of Economic Research (EABER) - 2009
We use a mixed-frequency regression technique to develop a test for cointegration under the null of stationarity of the deviations from a long-run relationship. What is noteworthy about this MA unit root test, based on a variance-difference, is that, instead of having to deal with non-standard...
Persistent link: https://www.econbiz.de/10009365337
Cover Image
A Gaussian Test for Cointegration
Abeysinghe, Tilak; Rajaguru, Gulasekaran - East Asian Bureau of Economic Research (EABER) - 2010
We use a mixed-frequency regression technique to develop a test for cointegration under the null of stationarity of the deviations from a long-run relationship. What is noteworthy about this MA unit root test, based on a variance-difference, is that, instead of having to deal with non-standard...
Persistent link: https://www.econbiz.de/10009365465
Cover Image
Financial Development : A Broader Perspective
Reid, Richard - East Asian Bureau of Economic Research (EABER) - 2010
This paper seeks to add to the current debate about financial development and growth in the emerging world by looking at how different financial systems evolve : how and why financial structures change during various stages of development, how best to measure them, and seeing what practical...
Persistent link: https://www.econbiz.de/10011278013
Cover Image
Asia’s Post-Global Financial Crisis Adjustment : A Model-Based Dynamic Scenario Analysis
Kawai, Masahiro; Zhai, Fan - East Asian Bureau of Economic Research (EABER) - 2010
Using a dynamic global general equilibrium model, the paper assesses the short- and medium-term impacts of the global financial crisis on Asian economies and the implications of post-crisis adjustment in emerging East Asia (EEA) for the world economy. The analysis suggests that EEA is unlikely...
Persistent link: https://www.econbiz.de/10011278041
Cover Image
Europe’s Debt Crisis, Coordination Failure, and International Effects
Collignon, Stefan - East Asian Bureau of Economic Research (EABER) - 2012
This paper gives an overview of the causes of the European debt crisis and the consequences for the external relations. It finds that political mishandling has increased uncertainty, which has contributed to a tendency for the euro to become weaker.
Persistent link: https://www.econbiz.de/10011278042
Cover Image
Market Failures and Regulatory Failures : Lessons from Past and Present Financial Crises
Acharya, Viral V.; Cooley, Thomas; Richardson, Matthew; … - East Asian Bureau of Economic Research (EABER) - 2011
The paper analyzes the financial crisis of through the lens of market failures and regulatory failures. We present a case that there were four primary failures contributing to the crisis : excessive risk-taking in the financial sector due to mispriced government guarantees; regulatory focus on...
Persistent link: https://www.econbiz.de/10011278053