This paper assesses the nexus between changes in governance structures - at national and cooperative international levels - and evolutionary processes of economic integration in light of regional policy targets in Asia. The analysis highlights the importance of improved governance as an...

This paper assesses the nexus between changes in governance structures – at national and cooperative international levels – and evolutionary processes of economic integration in light of regional policy targets in Asia. The analysis highlights the importance of improved governance as an...

Consequences of free-trade agreements (FTAs) among the ASEAN+3 and ASEAN+6 countries are explored using a dynamic computable general equilibrium (CGE) model. Quantitative assessments of intra- and extra-regional effects on welfare, trade and output are offered. When both trade facilitation and...

The purpose of this paper is to explore the spillover effects Japan's negative interest rate policy (NIRP) had on Asian financial markets. Unlike the quantitative and qualitative monetary easing (QQE) without a negative interest rate, the NIRP not only had limited impacts on Japan's economy but...

This paper explores financial spillovers between emerging Asia and advanced economies using principal component analysis to extract common shocks in Asia. We first investigate stock market spillovers across the regions and find that spillovers from emerging Asia became significant after the...