Rapid growth and low correlations between emerging markets in the South-East Asian region can offer higher returns and lower portfolio risk for international investors. This paper examines the linkages between the stock markets of the Association of Southeast Asian Nations’ (ASEAN) five...

This paper examines the dynamics of price transmissions between the South Korean shares and its American Depository Receipts (ADRs) for individual firms and a portfolio of all firms using a vector autoregressive (VAR) model in a cointegration framework. The results show a long-run cointegrating...

There are pros and cons for different countries to join a union and adopt a common currency. The European economic and monetary union is viewed to generate fewer costs and deliver greater benefits to its members. Several studies evaluate whether natural currency areas emerge based on historical...

This book is based on the premise that Regional Trade Agreements (RTAs) in the Asia-Pacific significantly impact on the material progress of the peoples of this region. These impacts – in terms of the benefits and costs associated with RTAs – will vary greatly from country to...

Large wind turbine blades are being developed at lengths of 75–100 m, in order to improve energy capture and reduce the cost of wind energy. Bending loads in the inboard region of the blade make large blade development challenging. The “biplane blade” design was proposed to use a biplane...