This paper analyzes the effects of the trade and financial networks on the propagation of the global financial crisis of 2008. We adopt a new methodology that incorporates a dynamic network approach into econometric analysis. Some interesting results are obtained. Firstly, both the trade and...

This paper highlights some of the vulnerabilities seen as overarching in the SEACEN economies. As the global economy recovers, the following scenarios are probable. Firstly, a possible upward shift of interest rates in developed economies could destabilize the emerging financial markets....

The US Federal Deposit Insurance Corporation – Office of theInspector General Report (2013) and the UK’s Turner Report (2009) provide insights on the multiple contributing factors to bank failures that resulted in the unprecedented global contraction. Both reports mentioned that bank...

The paper discusses the determination of SEACEN’s optimal membership size. The theoretical basis is derived mainly from Buchanan’s Economic Theory of Clubs. The operational framework used is an optimization model that maximizes member’s benefits and cost associated with SEACEN membership....

The paper discusses a possible policy strategy towards achieving an investment grade status for emerging economies. Through the use of an econometric model, it determines which among the macroeconomic variables considered by Credit Rating Agencies (CRAs) impacts speculative and investment grade...

With revolutionary changes of the financial environment, due in particular to the progress of information and communication technology and the aftermath of the global financial crisis, central banks are facing new challenges in the pursuit of price, financial and exchange rate stability. This...

This paper investigates the impact of interest rate policy on employment using Korean data (1982.1/4~2012.4/4). Based on the analyses of impulse response functions, it was found that interest rate policy has a bigger impact on the cyclical component of employment than on total employment. The...