What was termed government-guided merger was a unique banking sector reform implemented in 2002 by the central bank of Malaysia guiding a larger number of depository institutions to form 10 large banks. This paper identifies the factors entering this massive merger exercise. Similar to the...

This paper reports new findings from Asia-Pacific economies on exchange rate revisions following macroeconomic shocks. Regional macroeconomic shocks are as important as the U.S. macroeconomic shocks in affecting exchange rate returns. All Asia-Pacific currencies with the exception of Thai baht...