This study empirically examines the fragility of five major Asian economies (China, Hong Kong, India, Japan, and South Korea) to economic policy uncertainty (EPU) of US and EU, and oil prices in different state of the economies. To investigate these dynamics, we use the relative tail dependence...

In the age of transnational capitalism, significant amounts of capital are flowing from developed world to emerging economies like India. An important feature of the development of stock market in India has been the growing participation of Foreign Institutional Investors (FIIs) in the last 15...

This paper aims at clarifying, with the help of a simple formal model and numerical examples, several aspects of the relationship between international investment position (IIP) and balance of payments (BOP) statistics. Exact and approximated relations are compared to analyze the estimation...