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We examine the factors that determine the differences in ex ante returns on equities in eleven Pacific Basin countries. Our concern is whether real return differentials are primarily caused by nominal return differentials or expected changes in real exchange rates. We find that nominal return...
Persistent link: https://www.econbiz.de/10012763463
of Hong Kong, Singapore, South Korea and Taiwan. Participation rates, educational levels and (with the exception of Hong …
Persistent link: https://www.econbiz.de/10013233017
We study roughly 11,000 loans from unlicensed moneylenders to over 1,000 borrowers in Singapore and provide basic …
Persistent link: https://www.econbiz.de/10012860446
classic rational bubble. We study housing markets in the U.K. and Singapore, where residential property ownership takes the … no evidence for failures of the transversality condition in housing markets in the U.K. and Singapore, even during …
Persistent link: https://www.econbiz.de/10013053476
very long run, 100 or more years away. We exploit a unique feature of housing markets in the U.K. and Singapore, where …
Persistent link: https://www.econbiz.de/10013053841
What is the socially optimal level of liquidity in a retirement savings system? Liquid retirement savings are desirable because liquidity enables agents to flexibly respond to pre-retirement events that raise the marginal utility of consumption. On the other hand, pre-retirement liquidity is...
Persistent link: https://www.econbiz.de/10013022597
Singapore%u2019s experience with international capital flows over the past two decades or so has been a rather %u2013 … system and equities market, and operating on a Currency Board (CB) system (although with some differences from Singapore … time. We next discuss Singapore%u2019s policy background and early experience, and in the light of Hong Kong%u2019s …
Persistent link: https://www.econbiz.de/10013218342
upcoming ministerial meeting in Singapore this December. It makes a number of points. Progress within the GATT/WTO on this … paper also argues that despite (and beyond) Singapore, one has to go further than the GATT/WTO to see the potential …
Persistent link: https://www.econbiz.de/10013234937
In countries, such as Singapore, that have implemented vehicle congestion policies, recent years have seen a shift …
Persistent link: https://www.econbiz.de/10013247191
closely with a depreciating yen, suggesting the countries' emphasis on export promotion. The Singapore dollar, on the other …
Persistent link: https://www.econbiz.de/10013246656