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Effectiveness of the Easing of Monetary Policy in the Japanese Economy, Incorporating Energy Prices
Yoshino, Naoyuki; Taghizadeh-Hesary, Farhad - East Asian Bureau of Economic Research (EABER) - 2014
Japan has reached the limits of conventional macroeconomic policy. In order to overcome deflation and achieve sustainable economic growth, the Bank of Japan (BOJ) recently set an inflation target of 2% and implemented an aggressive monetary policy so this target could be achieved as soon as...
Persistent link: https://www.econbiz.de/10011134352
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How Should We Bank With Foreigners?—An Empirical Assessment of Lending Behavior of International Banks to Six East Asian Economies
Pontines, Victor; Siregar, Reza Y. - East Asian Bureau of Economic Research (EABER) - 2012
The possible crucial role of international bank lending in transmitting adverse economic disturbance from developed economies to emerging economies in the 2008–2009 global financial crisis has placed capital flows into sharper scrutiny in academic and policy discussions. The...
Persistent link: https://www.econbiz.de/10011278020
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Financial Liberalisation, Crises, and Economic Growth
Lee, Inkoo; Shin, Jonghyup - East Asian Bureau of Economic Research (EABER) - 2007
It has been widely recognized that financial liberalization plays an important role in economic development. Although an expanding body of literature has documented this effect across space and time, the channel through which financial liberalization affects the economic growth remains unclear....
Persistent link: https://www.econbiz.de/10009363809
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Do Banks Respond to Capital Requirement? Evidence from Indonesia
Parinduri, Rasyad A.; Riyanto, Yohanes E. - East Asian Bureau of Economic Research (EABER) - 2007
Using dynamic panel data models, we examine the effect of capital requirement on banks behavior in Indonesia. We find inconclusive results. Some banks tend to comply with capital requirement : They increase their capital ratio when their CAR is lower than, or falling towards, the eight percent...
Persistent link: https://www.econbiz.de/10009363833
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The Determinants of Cross-border M&As : the Role of Institutions and Financial Development in Gravity Model
Hyun, Hea-Jung; Kim, Hyuk Hwang - East Asian Bureau of Economic Research (EABER) - 2007
This paper examines the macroeconomic determinants of cross border M&As. Using a panel data set of bilateral M&A deal values for 101 countries and 17 years ranging from 1989 to 2005, we investigate both home and host country factors that may play an important role in determining the size and...
Persistent link: https://www.econbiz.de/10009363870
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Currency Regime and Monetary Autonomy
Taguchi, Hiroyuki - East Asian Bureau of Economic Research (EABER) - 2009
This paper analyzes the exchange rate regimes from the perspective of monetary independence through examining the sensitivity of the domestic interest rate to the international interest rate under different regimes. To be specific, by using recent and global data, we first examine co-integration...
Persistent link: https://www.econbiz.de/10009365407
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Long-Run Forecasting in Multicointegrated Systems
Siliverstovs, Boriss; Engsted, Tom; Haldrup, Niels - Ehrvervøkonomisk Institut, Institut for Økonomi - 2002
In this paper long-run forecasting of multicointegrating variables is investigated. Multicointegration <p> typically … feature” restriction on out-of-sample evaluation and forecasting <p> accuracy of such variables is of interest. In particular …, we compare the long-run forecasting <p> performance of the multicointegrated variables between a model that correctly …
Persistent link: https://www.econbiz.de/10005802135
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Graduating to Globalisation : A Study of Southern Multinationals
Demirbas, Dilek; Patnaik, Ila; Shah, Ajay - East Asian Bureau of Economic Research (EABER) - 2010
FDI by firms in developing countries is a recent phenomenon and demands a study of relationship between firm productivity and different modes of globalisation activities. This paper attempts to understand this relationship through ordered probit models, examining two key hypotheses using firm...
Persistent link: https://www.econbiz.de/10009363839
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The Effect of Exchange Rate Changes on Trade in East Asia
Thorbecke, Willem - East Asian Bureau of Economic Research (EABER) - 2011
. Recent findings also indicate that imbalances between the People’s Republic of China (PRC) and the United States are a …
Persistent link: https://www.econbiz.de/10011278034
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Revisiting the Internationalization of the Yuan
Yu, Yongding - East Asian Bureau of Economic Research (EABER) - 2012
) government bonds, the People’s Republic of China (PRC) needs a currency with international status that can match its economic …
Persistent link: https://www.econbiz.de/10011278039