In this paper, we investigate the degree of real economic interdependence between emerging Asia and major industrial … countries to shed light on the heated debate over the "decoupling" of emerging Asia. We first document the evolution of …, the reverse is also true. Output shocks from emerging Asia (and the People's Republic of China [PRC]) have a significant …

investigations suggest that (i) using the quantity measure there is a significant increase in real integration within East Asia; (ii … cross-country consumption relation did not change much; (iv) the degree of regional financial integration within Asia is far … lags real integration, especially for regional integration within Asia. …

This paper examines the unfolding of the US subprime-generated turmoil and its potential spillover on emerging Asia …

Why is Asia lagging behind other regions in creating regional judicial institutions? What lessons from the operation of … judicial institutions elsewhere have also rarely been used to resolve inter-state disputes. The most valuable lesson for Asia … and private parties about the implementation of international law. While Asia lacks an extensive set of regional laws and …

Bilateral and regional cooperation initiatives in Asia have been growing in importance over the last five years … sequence, is there a case for monetary union in East Asia? Is there a case for expanded free-trade areas (FTAs) in the region … Equilibrium (CGE) model, to evaluate the economics of monetary/financial integration and various configurations of FTAs in Asia …

This paper asks how Asia should prepare for the disorderly correction of global imbalances. It recommends tightening … easily if they are coordinated within Asia. …

the degree of risk-sharing in East Asia has improved along with the observed rise in integration in the region. Higher …-sharing continues to be low in Asia. The increase in cross-economy correlation in consumption coincided with an even higher cross …

In this research project, we attempt to examine the behavior of business cycles in Asia in order to deepen our …