This paper assesses financial integration in Asia in terms of risk-sharing benefit versus financial-contagion cost. We construct a new measure of risk sharing based on a term structure model, which allows identification of realized stochastic discount factors. Risk sharing is low in Asia, and...

The paper shows that Asia''s degree of financial integration, both with the world and within the region remains low by various measures. The paper also provides empirical evidence that greater financial integration can support economic rebalancing in statistically meaningful ways. The...

Deregulation of the financial system often proceeds in tandem with macroeconomic stabilization centered on monetary and other financial targets. This paper presents a model where there may be conflict between these processes. The indicator properties of some financial variables may be rendered...

State policies. Creating within constraints : creative industries policy in Malaysia / Thomas Barker and LEE Yuen Beng Adrian -- Procuders and production. The negotiated creative autonomy in the organization-based TV labor market / Chairin An -- Consumption and circulation. Sell your loneliness...

Introduction -- Conceptual and contextual framework -- Identifying ict diffusion and substitution patterns -- Elucidating "network effects" and ict diffusion determinants in Asia -- Drawing lessons from this book.

Introduction : challenges of business leaders and leadership in Asia -- Business leaders and leadership in Asia : underpinning theories and background -- Business leaders and leadership in Japan -- Business leaders and leadership in South Korea -- Business leaders and leadership in Taiwan --...

The global centre of gravity continues to shift to the Asia-Pacific, the most dynamic region in the world. These economies have generally grown faster for longer periods of time than any other major region in world history. Their embrace of globalization has been a central feature, and driver,...

Small and medium-sized enterprises (SMEs) account for more than 90 per cent of all businesses in the Asia-Pacific region - an area which is rapidly updating its competition laws and regulations to encourage greater entrepreneurship and open, dynamic economies. Yet SMEs are almost invisible when...