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In this paper, we examine the foreign exchange exposure of a sample of U.S. and Japanese banking firms. Using daily data, we construct estimates of the exchange rate sensitivity of the equity returns of the U.S. bank holding companies and compare them to those of a sample of Japanese banks. We...
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are linked with both the US and Japan (in terms of cointegration and positive covariation), while only Singapore is solely … linked with the US. On the other hand Korea, and perhaps Indonesia and Thailand appear to be more closely linked with Japan …. Real interest parity holds for only the following interest rate pairs: US-Singapore, US-Taiwan and Japan-Taiwan. …
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Organizational innovations (OIs) such as scientific management, integration of mass production and mass distribution, and particular types of corporate governance played a preponderant role in the economic development of the USA during the period 1880s to 1920s. To provide some further evidence...
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