In the wake of the global financial crisis, leading industrialized countries have managed to show only a gradual recovery, while East Asian economies have surged ahead. In particular, China achieved growth in excess of 10% in 2010 and is expected to continue growing at a rapid pace. It appears...

This paper discusses the time-varying degree of flexibility in exchange rate regimes and assesses the extent to which securities markets are integrated in East Asia. The dynamic conditional correlation model developed by Engle (2002) is used to analyze the time-varying characteristics of the...

Key Features:The topic, i.e., Rebalancing Demand in East Asia is a hot issue key to understanding the future development of East AsiaThis volume provides a comprehensive overview with respect to the topic of Rebalancing Demand in East AsiaThis book reviews the current situation of each topic, so...

There is an influential, neo-liberal proposition in the scholarly literature on China’s economic transformation since the late 1970s. It states that China’s reformed economic institutions are a mix of market-conforming and market-supplanting elements, that its developmental...