Dr. Sasidaran Gopalan, an HKUST IEMS Post-Doctoral Fellow, examines some of the multi-dimensional implications of foreign bank entry in emerging markets. Foreign banks have been growing in importance in several emerging market economies and they are expected to play systemically important roles...

An important dimension of the effects of foreign bank entry on financial sector development relates to that of financial inclusion. Despite its policy significance, the empirical literature offers little evidence on the impact of bank competition generally or foreign bank entry specifically on...

This paper explores the impact of foreign bank entry on interest-rate-pass-through for a panel of 57 emerging and developing economies over 1995-2009. The paper tests for possible thresholds in terms of foreign bank presence that differentially impact interest-rate passthrough. The empirical...

This article is an attempt to understand the causal factors behind fluctuations in aggregate output. We find an absence of bidirectional causality between the gross domestic product residual and the gross domestic capital formation residual as well as between the GDP residual and the residual of...

Most standard indicators suggest that India’s reserve stock is more than adequate. The rapid stockpiling of foreign exchange reserves implies that the RBI has been leaning-against-the-wind to keep down the value of the Indian Rupee. As India has become more export-oriented it has become...

Over the last decade many emerging Asian economies have been liberalizing their financial sectors, including opening up of their banking systems to foreign competition. This paper examines the extent of de jure and de facto policies in Asia with regard to the introduction of greater foreign...

In recent years, India has concluded several bilateral and regional agreements with countries in East and Southeast Asia. This paper discusses four motivating factors underlying these initiatives: (i) the recognition by other Asian countries of India's growing importance as an investment and...

There has been much interest in understanding various dimensions of the growth and integration of emerging Asia with the rest of the world, particularly with regard to international capital flows and external financing. Nonetheless, serious academic work in this area has lagged somewhat compared...