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The financial crises of the late 1990s in Asian and South American countries have once again highlighted the negative implications of development strategies characterized by high levels of foreign currency external indebtedness. In light of these events, South-South cooperation is conceived as...
Persistent link: https://www.econbiz.de/10014289597
Employing the Pedroni co-integration technique and the GMM estimator, this paper aims at investigating the possible connection between financial development, financial openness and trade openness in twenty-nine Asian developing countries over 1994-2008. Firstly, we find a bidirectional causality...
Persistent link: https://www.econbiz.de/10011347747
country but also for the rest of Asia. This is consistent with the increased degree of Asia's integration and interdependence … stability and enhance market liquidity. If coordinated well, such cooperation can also strengthen Asia's collective voice to …
Persistent link: https://www.econbiz.de/10009781297
This paper examines the developments of cross-border portfolio assets and liabilities in the Asia and Pacific region …. Limited capital inflows to debt securities issued by emerging Asia may be attributable to the early stages of bond market … reflects Japan's preference toward debt securities. Other Asia and Pacific economies have invested more heavily in foreign …
Persistent link: https://www.econbiz.de/10011843951
Persistent link: https://www.econbiz.de/10002669980
Persistent link: https://www.econbiz.de/10003774850
the degree of risk-sharing in East Asia has improved along with the observed rise in integration in the region. Higher …-sharing continues to be low in Asia. The increase in cross-economy correlation in consumption coincided with an even higher cross …
Persistent link: https://www.econbiz.de/10011281405
In this research project, we attempt to examine the behavior of business cycles in Asia in order to deepen our …
Persistent link: https://www.econbiz.de/10011281409
Bilateral and regional cooperation initiatives in Asia have been growing in importance over the last five years … sequence, is there a case for monetary union in East Asia? Is there a case for expanded free-trade areas (FTAs) in the region … Equilibrium (CGE) model, to evaluate the economics of monetary/financial integration and various configurations of FTAs in Asia …
Persistent link: https://www.econbiz.de/10011281489
This paper reviews trends in East Asian regionalism in the areas of trade and investment, money and finance, and infrastructure. It presents various measures of trade and financial integration. An important finding of the paper is that increasing trade and financial integration in the region is...
Persistent link: https://www.econbiz.de/10011281500