The lack of a consistent definition of foreclosure discount and variety of methods to quantify the phenomenon gives rise to discount rates that vary from nonexistent to sizeable across different locations and time periods. We define the foreclosure discount as the discount of the realized...

The paper aims to examine economic interdependence and balancing power politics, and their mixed implications for regional institution building in East Asia based on the concept of common security. By pointing out the gap between the violent conflict prediction and the stability and prosperity...