-à-vis Japan during the post liberalization era (1984-1997). The upshots of our findings are four-fold. First, there were co …/98. Third, the real interest differentials are mean reverting over time, implying that RIP holds between Japan and ASEANs … deviations from RIP. All together, the findings constitute towards regional financial integration with the Japan’s leading role …

This article tests the Black’s hypothesis in five crisis-affected Asian countries(India, Japan, Malaysia, South Korea … Granger causes output growth in two economies, Japan, and South Korea. The results indicate that countries with specialized …