In the chaotic financial environment of Asia in 1997-1998, daily changes in stock prices of about 10 percent became …

similar mechanisms have played a role in ending the East Asian miracle? After a brief account of the nature of the recent … systems like those in East Asia to short-term foreign currency exposure suggests that preventive measures are also required. …

We assess links between China and the rest of emerging Asia. Some commentators have argued that China’s apparent … devaluation in 1994 may have contributed to the Asian financial crisis. We argue that the devaluation was not economically … placed pressure on other Asian exporters, we argue that the striking feature of the data is the common movement between …

This study assesses the role of the Asian financial crisis of the late 1990s in the emergence and persistence of the … large current account surpluses across non-China emerging Asia, which have been a significant counterpart to the U … investment decisions in emerging Asia, and that as the restructuring completes its course, investment rates will likely rise to …

portfolio size and degree of risk aversion of potential investors, the ability to borrow, and the hedging opportunities provided …

"correlation breakdown." As a result, risk managers worry that their hedges will be useless when they are most needed, namely …. We make this point analytically, by way of several numerical examples, and via an empirical illustration. ; But, risk …

Risk management information systems are designed to overcome the problem of aggregating data across diverse trading … units. The design of an information system depends on the risk measurement methodology that a firm chooses. Inherent in the … design of both a risk management information system and a risk measurement methodology is a tradeoff between the accuracy of …