Financial Linkages, Remittances, and Resource Dependence in East Asia

Business & Finance, Economics, International Economics, Finance & Investing, Finance

• Author: Takuji Kinkyo, Takeshi Inoue, Shigeyuki Hamori
• ISBN: 9789814713412
• Publisher: World Scientific Publishing Company
• Publication: January 7, 2016
• Imprint: WSPC
• Language: English

The purpose of this book is to empirically analyse the multifaceted nature of financial linkages in East Asia and to discuss the key policy challenges faced by the region's economies. Although the emphasis is placed on East Asia, some of the chapters cover a broader area of countries depending on the aim of the study. Particular areas of focus in these studies include: the evolution of cross-border financial linkages in East Asia; long-run economic consequences of remittance inflows and natural resource dependence; and policy priorities for the financial integration and management of resource-rich economies.

Contents:

• The Evolution of Cross-Border Financial Linkages in East Asia:

  • Asia-Pacific Economic Linkages: Empirical Evidence in the GVAR Framework (Wang Chen and Takuji Kinkyo)
  • Linkages Among East Asian Stock Markets, US Financial Markets Stress, and Gold (Takashi Miyazaki and Shigeyuki Hamori)
  • Business Cycle Volatility and Hot Money in Emerging East Asian Markets (Xiaojing Cai and Shigeyuki Hamori)

• Long-Run Economic Consequences of Remittance Inflows and Natural Resource Dependence:

  • Dynamic Impacts of Remittances on Economic Growth in Asia: Evidence from the Dynamic Heterogeneous Panel (Nannan Yuan, Takeshi Inoue and Shigeyuki Hamori)
  • Effects of Remittances on Poverty Reduction in Asia (Takeshi Inoue and Shigeyuki Hamori)
  • Financial Development and Growth in Resource-Rich Countries (Kazue Demachi and Takuji Kinkyo)

• Policy Priorities for the Financial Integration and Management of Resource-Rich Economies:

  • Spillovers of Financial Stress Shocks: Evidence and Policy Implications (Wang Chen and Takuji Kinkyo)
  • Challenges to Macroeconomic Management in Resource–Rich Developing Economies (Kazue Demachi and Takuji Kinkyo)
  • Policies and Prospects of ASEAN Financial Integration (Satoshi Shimizu)

Readership: Advanced undergraduate or postgraduate students studying Asian economics (particularly East Asian economics).