In this paper, we investigate the degree of real economic interdependence between emerging Asia and major industrial … countries to shed light on the heated debate over the "decoupling" of emerging Asia. We first document the evolution of …, the reverse is also true. Output shocks from emerging Asia (and the People's Republic of China [PRC]) have a significant …

The issue of decoupling is controversial. On the back of Asia's sustained high growth, the hypothesis that the region …'s business cycles would become increasingly independent of the global trend gained considerable attention. Asia was nonetheless … of macroeconomic interdependence between emerging East Asia and Group of 3 economies. First, the progress of regional …

-cycle synchronization and financial integration in the Asia-Pacific region / Victor Pontines and Friska Parulian -- 4. Consumption risk … Maulana -- 5. Capital structure of firms and real financial linkages in East Asia / Jenny Corbett and Garry Twite -- 6. FDI … Chongvilaivan -- 7. Did domestic banks amplify the global financial crisis in East Asia? / Jenny Corbett, Prasanna Gai and Kazuki …

for today's integration of East Asia. The paper suggests that the spontaneous cooperation that created "Factory Asia" has …