Purpose – This study investigates the impact of inland port development in China on the promotion of bilateral trade flows between China and South Korea. Design/methodology – The probable association between the establishment of inland ports and SinoKorea trade was estimated using gravity...

This paper proposes a nonparametric model-independent methodology to calibrate the predictability of exchange rates. In order to predict the exchange rates, the predictors should contain enough information about the future return, regardless of the specification of the model. The information...

We investigate the effect of portfolio diversification on banking systemic risk, where the network effect is incorporated. We analyze three kinds of interbank networks, namely, random networks, small-world networks and scale-free networks. We show that the effect of portfolio diversification on...