Narrow search
Showing 1 - 10 of 104
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
An Asian Perspective on Global Financial Reforms
Morgan, Peter J.; Pontines, Victor - East Asian Bureau of Economic Research (EABER) - 2013
The purpose of this study is to better understand the likely impact on Asian economies and financial institutions of various recent global financial reforms, including Basel III capital adequacy and liquidity rules. Part one reviews the lessons of the global financial crisis (GFC) of...
Persistent link: https://www.econbiz.de/10011134333
Cover Image
Financial Crisis as a Catalyst of Legal Reforms : The Case of Asia
Kawai, Masahiro; Schmiegelow, Henrik - East Asian Bureau of Economic Research (EABER) - 2013
This paper discusses how financial crises in emerging Asia and Japan worked as catalysts for legal reforms. The responses of six Asian countries with different legal histories to financial crises that posed similar challenges are of both legal and economic interest. We first provide a...
Persistent link: https://www.econbiz.de/10011134347
Cover Image
Financial Crisis as a Catalyst of Legal Reforms : The Case of Asia
Kawai, Masahiro; Schmiegelow, Henrik - East Asian Bureau of Economic Research (EABER) - 2013
This paper discusses how financial crises in emerging Asia and Japan worked as catalysts for legal reforms. The responses of six Asian countries with different legal histories to financial crises that posed similar challenges are of both legal and economic interest. We first provide a...
Persistent link: https://www.econbiz.de/10011134390
Cover Image
Impact of the Global Economic Crisis on Taipei,China’s Industrial Structure and Firm Activity
Hou, Jack W. - East Asian Bureau of Economic Research (EABER) - 2011
Confronted by the current global economic crisis, Taipei,China’s economy has suffered much like its neighbors. However, Taipei,China is different from other East Asia economies in several aspects. First, Taipei,China’s industrial organization is dominated by small and...
Persistent link: https://www.econbiz.de/10009651621