This paper characterises the world real interest rate as a common trend in real interest rates in Germany, Japan, and the United States even if there is scepticism in the existence of the world real interest. In theoretical terms, real interest parity is based on the presumed validity of...

The article conducts panel data Granger causality tests for current and financial accounts in 53 countries over the period of 1970Q1 to 2007Q3. We found that there is no homogeneity within the same income groups of economies unlike the previous studies. It implies that push and pull factors of...

This article investigates the impact of globalization on the inequality of Asia. It is the first attempt to examine 11 Asian countries' panel data allowing nonlinearity between globalization and inequality from 1960 to 2003 with robustness check. We also survey the literature on growth,...

This article measures the impact of trade adjustment on the growth in the Korean economy. Using principal components trade adjustments are found to significantly explain the rate of growth over the period of 1989-2004. We also focused on the case of bilateral trade with China.

This study aims to identify the position of Asia in the world's trade integration by the hierarchical cluster analysis. The world's 30 largest exporters in 2002 are the object of the investigation.

This paper identifies to which extent a discriminatory protection through a fixed cost can protect inefficient firms. The effectiveness of a discriminatory device is measured by a critical market size at which a marginal firm can survive.

This study attempts to examine the impact of globalization on the income inequality in Asia. The pooled regression results covering eight Asian countries over the period 1970 to 2002, show the regular-U shape with globalization variables. It gives a policy implication for growth, equity, and...

This paper examines how the financial activities of non-financial corporates (NFCs) in international markets potentially affects domestic monetary aggregates and financial conditions. Monetary aggregates reflect, in part, the activities of NFCs, who channel capital market financing into the...

This paper examines how the financial activities of non-financial corporates (NFCs) in international markets potentially affects domestic monetary aggregates and financial conditions. Monetary aggregates reflect, in part, the activities of NFCs, who channel capital market financing into the...