This paper examines the direct and indirect effects of financial intermediary development on output fluctuations based on the theoretical works by Bacchetta and Caminal (2000) and Beck, Lundberg and Majnoni (2006). According to credit market imperfections, well-developed financial intermediaries...

This paper examines the direct and indirect effects of financial intermediary development on output fluctuations based on the theoretical works by Bacchetta and Caminal (2000) and Beck, Lundberg and Majnoni (2006). According to credit market imperfections, well-developed financial intermediaries...

This paper analyzes the behavior of Malaysian stock market during the intervals of high uncertainty. It highlights the impact of unexpected volatility shifts on this small emerging Asian market, in terms of its efficiency and returns, during the past two decades. The purpose of this study is...

This study examines the dynamic effects of financial deepening on income distribution of 35 developing countries during the past two decades of 1980-2000. For this purpose, three existing alternative hypotheses concerning the finance-inequality nexus are tested based on the newly assembled...

This study highlights the importance of choice of exchange rate system to macroeconomic stability of small- open countries based on the outcomes of the recent exchange rate regime switches of three small Asian countries during the post Asian financial crisis period. The three selected countries...

This study determines the effect of regional economic integration, namely the ASEAN Free Trade Area, on bilateral trade flows between the ASEAN-5 countries and their major trading partner, Japan. The analysis begins with the construction of a simple country-specific index based on the Common...

This paper presents measures for the performances of 12 selected Asia Pacific countries in developing knowledge-based economies (KE). The performances of the selected countries are evaluated using Data Envelopment Analysis (DEA). The DEA scores indicate that four of the emerging countries...

This study investigates the dynamics and contemporaneous interactions of equity market capitalization in the Asia Pacific region. The empirical results reveal the long-run cointegration relationship among the markets, suggesting a thin gainful opportunity for international portfolio...

A notable feature of the empirical studies on uncovered interest parity (UIP) is that almost all published papers rely on the approximate form of UIP using substantially the same database of developed economies. It can, therefore, not be ruled out that the refusal of UIP condition is simply the...

This study highlights the importance of choice of exchange rate system to macroeconomic stability of small- open countries based on the outcomes of the recent exchange rate regime switches of three small Asian countries during the post Asian financial crisis period. The three selected countries...