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Cross-border price differentials and goods market integration in East Asia

Mun, U-sik - 2013

As cross-border movements of goods, capital, and labor are intensifying, it is likely that goods markets in East Asia will become increasingly integrated. This study investigates the current state of goods market integration in East Asia by measuring the extent of cross-border price...

Persistent link: https://www.econbiz.de/10009758531

Cross-border portfolio investment and financial integration in Asia and the Pacific region

Shirai, Sayuri; Sugandi, Eric Alexander - 2018

reflects Japan's preference toward debt securities. Other Asia and Pacific economies have invested more heavily in foreign … toward the PRC, Japan, ROK, and other ASEAN economies. Albeit from the low level, the intra-ASEAN integration has been … noticeable. Fourth, Japan with largest abundant domestic capital has remained predominantly exposed to the United States and …

Persistent link: https://www.econbiz.de/10011843951

What drives international stock return comovements?

Zhang, Bohui - 2020

This paper presents new evidence on international financial market integration using stock analyst earnings forecasts from 37 countries. By examining cash flow and discount rate news co-movements, we find that the financial and economic aspects of global market integration have diverged over...

Persistent link: https://www.econbiz.de/10012320303

Loans from my neighbors : East Asian commercial banks, banking integration, and bank default risk

Nguyen, Dung Thuy Thi; Diaz-Rainey, Ivan; Roberts, Helen; … - 2020

This study investigated the impact of banking integration on recipient country bank default risk and, in particular, whether the type of banking integration moderates that relationship. Using the system generalized method of moments (GMM), the study found that banking integration lowers bank...

Persistent link: https://www.econbiz.de/10012205746

The role of state intervention in the financial sector : crisis prevention, containment, and resolution

Cho, Yun-je - 2010

This paper discusses the role of state intervention for prevention, containment, and resolution of financial crises based mainly on the Korean experience during the 1997 Asian financial crisis. Crises in emerging market and developing economies tend to be more complicated than those faced by...

Persistent link: https://www.econbiz.de/10003982933

Regional and global monetary cooperation

Lamberte, Mario B.; Morgan, Peter J. - 2012

The increasing occurrence of national, regional, and global financial crises, together with their rising costs and complexity, have increased calls for greater regional and global monetary cooperation. This is particularly necessary in light of volatile capital flow movements that can quickly...

Persistent link: https://www.econbiz.de/10009492390

Why trade finance gaps persist : does it matter for trade and development?

Auboin, Marc; DiCaprio, Alisa - 2017

Trade finance shortfalls now appear regularly. Does this matter for trade expansion and economic development in developing countries? Global trade finance has resumed following the 2009 global financial crisis. However, the pattern of recovery has been uneven across countries and categories of...

Persistent link: https://www.econbiz.de/10011631528

How should we bank with foreigners? ; an empirical assessment of lending behavior of international banks to six East Asian economies

Pontines, Victor; Siregar, Reza Yamora - 2012

The possible crucial role of international bank lending in transmitting adverse economic disturbance from developed economies to emerging economies in the 2008 - 2009 global financial crisis has placed capital flows into sharper scrutiny in academic and policy discussions. The authors construct...

Persistent link: https://www.econbiz.de/10009626993

Dealing with quantitative easing spillovers in East Asia : the role of institutions and macroprudential policy

Saiki, Ayako; Pornpinun Chantapacdepong; Volz, Ulrich - 2016

This paper explores the impact of advanced countries' quantitative easing on emerging market economies (EMEs) and how macroprudential policy and good governance play a role in preventing potential financial vulnerabilities. We used confidential locational bank statistics data from the Bank for...

Persistent link: https://www.econbiz.de/10011561633

The financial crisis, rethinking of the global financial architecture, and the trilemma

Aizenman, Joshua; Chinn, Menzie David; Itō, Hiro - 2010

This paper extends our previous paper (Aizenman, Chinn, and Ito 2008) and explores some of the unexplored questions. First, we examine the channels through which the trilemma policy configurations affect output volatility. Secondly, we investigate how trilemma policy configurations affect the...

Persistent link: https://www.econbiz.de/10003983276