This paper investigates the financial determinants of research and development (R&D) investment in Asia, where innovation is naturally seen as the key driver of future (high) economic growth. We sample listed nonfinancial firms from eight economies in region (the People’s Republic of China;...

It is generally taken for granted that China’s monetary and exchange rate policy have repercussions on her Asian neighbors and affect the choice set open to them in terms of setting optimal economic policy. At the very least, China’s neighbors would like to have a clearer idea of China’s...

This study examines the effects of capital account restrictions on capital flows in nine emerging Asian economies using panel regressions with 75 economies and fixed effects over the period 1995–2007. The results show that effectiveness of capital controls in the nine emerging Asian economies...

Using <link rid="b17">Lumsdaine and Prasad's (2003</link>) methodology to construct a measure of the common component of industrial output fluctuations with time-varying weights, this study finds that there is a significant regional factor that explains the movement in industrial production output across countries in...

Do housing and equity booms significantly raise the probability at the margin of the realization of extreme outcomes in output and prices, and are the worst outcomes just as likely to occur as the good ones? This study addresses these questions for a group of eight East Asian countries. The risk...

This study identifies the key issues involved in the further development and deepening of financial markets in the Association of Southeast Asian Nations (ASEAN). For the smaller ASEAN countries, the first priority is the development of the banking system. In the larger ASEAN+3 economies,...

This study examines the differences in the effectiveness of de jure capital restrictions across economies in different regions (Asia versus non-Asia) and with varying income levels. It uses a panel of 45 economies over the period 1995– 2007. The results show that differences in regional and...

Financial conditions indexes (FCIs) are constructed for five Asian economies, namely, Hong Kong, China; Japan; the Republic of Korea; Malaysia; and Singapore, using a principal component analysis (PCA) methodology from Hatzius et al. (2010) and quarterly data. Various financial stress indicators are...