Download or read book Equity Price Variation in Pacific Basin Countries written by Yin-Wong Cheung and published by . This book was released on 1994 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Equity Price Variation in Pacific Basin Countries written by Lilian K. Ng and published by . This book was released on 1998 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses a multivariate procedure to measure two sources of real return variation in the Pacific Basin equity markets: the expected return variables and shocks to expected future cash flows. While the global instrumental variables that proxy for these two sources of variation explain individual stock index real returns reasonably well, their explanatory power for portfolio real returns is much stronger. Our evidence thus suggests market rationality of stock price movements in the Pacific Basin countries. We further find that expected future cash flow shocks are better at explaining quarterly real returns than do expected-return variables. Results also show that U.S. future industrial growth rates have a significantly stronger impact on the Pacific Basin Stock return movements than do the Japanese.
Download or read book Advances in Pacific Basin Financial Markets written by Theodore Bos and published by Jai Press. This book was released on 1995 with total page 407 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first volume in a series concentrating on the financial markets of the Pacific Basin. It investigates such topics as market integration in the four newly industrialized economies of Asia and equity price variation in Pacific Basin countries.
Download or read book Relative Returns on Equities in Pacific Basin Countries written by Charles Engel and published by . This book was released on 1994 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: We examine the factors that determine the differences in ex ante returns on equities in eleven Pacific Basin countries. Our concern is whether real return differentials are primarily caused by nominal return differentials or expected changes in real exchange rates. We find that nominal return differentials account for most of the difference, which suggests that either there is not free mobility of capital between the countries of our study or that there are significant differences in the riskiness of returns across countries. We do not find a significant relationship between the size of the return differentials and the flexibility of the nominal exchange rate.
Download or read book Price Interdependence Among Equity Markets in the Asia Pacific Region written by Eduardo Roca and published by Routledge. This book was released on 2020-11-26 with total page 115 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 2000: An investigation of the issue of financial markets interdependence or integration through the application of recently developed and powerful techniques in time series econometrics. The text provides coverage of theoretical analysis and applications in the context of the Asia-Pacific region.
Download or read book The Present Value of Pacific Basin Stock Markets written by David E. Allen and published by . This book was released on 2004 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this study is to investigate whether current and future domestic and international macroeconomic variables can explain long and short run stock returns in Pacific-basin countries. The countries examined include Australia, Japan, Korea, Malaysia, New Zealand and Singapore, whilst America is included as a quot;foreign influencequot;. The long run relationship tested in this study is based on the present value model of stock prices, which is tested using the complete range of cointegration and causality tests. These include the Johansen ML test, Long Run Structural Modelling, a Vector Error Correction Model and Variance Decomposition. Typically it is found that Pacific-Basin stock markets are neither perfectly integrated with foreign financial markets nor are they perfectly segmented. A present value model based on domestic and external economic variables can be estimated for each Pacific-Basin stock market examined. Consistent with our priors: American economic activity has a significant influence on Pacific-Basin stock markets in the long run but was surprisingly less influential than domestic economic activity.
Download or read book Advances in Pacific Basin Business Economics and Finance written by Cheng-Few Lee and published by Emerald Group Publishing. This book was released on 2017-09-29 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: Advances in Pacific Basin Business, Economics, and Finance is an annual publication designed to focus on interdisciplinary research in finance, economics, and management. It particularly emphasizes the economic, financial, and management relationships among Pacific Rim countries.
Download or read book Globalization of Financial Markets and Implications for Pacific Basin Developing Countries written by Mr.David John Goldsbrough and published by International Monetary Fund. This book was released on 1991-03-01 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the consequences of the growing interdependence of world financial markets for Pacific developing countries. Section I discusses trends in financial integration in the Pacific and the underlying movements in saving and investment. Section II seeks to quantify the increased capital mobility, in terms of rate of return differentials and the degree of correlation between savings and investment rates across countries. Section III focuses on policy implications of increasing integration, including the effectiveness of macroeconomic policy instruments, the usefulness of the current account as a target of policy, and the dangers of excessive taxation of financial intermediation.
Download or read book Monetary Policy in Pacific Basin Countries written by Hang-Sheng Cheng and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 451 pages. Available in PDF, EPUB and Kindle. Book excerpt: The chapters in this book are based on papers prepared for a conference organized by the Federal Reserve Bank of San Francisco, held at the bank September 23-25, 1987, to review and compare monetary policy experiences of Pacific Basin countries during the past 15 years. The theme of the conference was conceived with two purposes in mind. First, there was (and still is) a great need to enhance knowledge on the workings of economies in the Pacific Basin, which has been the fastest growing region in the world economy during the past 30 years. While much has been written on Pacific Basin trade and economic growth, relatively few studies have been published on the conduct of monetary policy in these economies. Second, as we in the United States and others elsewhere have learned, rapid financial market changes over the last 15 years have led to considerable adjustment in the conduct of monetary policy. A comparative study of various national experiences can yield insights into the inter actions between monetary policy and financial market changes more than is obtainable by examining indi vidual national experiences separately.
Download or read book National Regional and International Capital Markets written by Menzie Chinn and published by . This book was released on 1995 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Managing Capital Flows and Exchange Rates written by Reuven Glick and published by Cambridge University Press. This book was released on 1998-06-13 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This is a very timely book that brings the reader to the forefront of current research on macroeconomic policy issues in economies subject to sizable capital flows".--Guillermo A. Calvo, University of Maryland.
Download or read book The Industrial Future Of The Pacific Basin written by Roger Benjamin and published by Routledge. This book was released on 2019-07-11 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: The consequences of changing comparative advantage are transforming the economic landscapes of nations and regions around the globe. This book deals with the most significant economic factors in the rapidly changing Pacific Basin area. Part 1 considers the area’s changing patterns of industrial development and trade and examines the general implications of such changes for national industrial development policies. Part 2 consists of a set of case studies of national industrial policies in the context of factors affecting industrial structures; how applicable these policies are to other countries in the region is a central theme. Part 3 addresses the specific issues of foreign investment and domestic labor in relation to economic growth and industrial development in the Pacific Basin. Finally, in Part 4 institutional arrangements are suggested that would facilitate economic growth while, at the same time, mitigating the serious negative consequences of changing economic advantage. Such negative consequences are to some extent pervasive and can destabilize social and political development and endanger formal and informal alliances; nevertheless, the segment of humanity that has adequate food, clothing, and shelter is being permanently widened in the Pacific Basin.
Download or read book Pacific Basin Developing Countries written by Marcus Noland and published by Peterson Institute. This book was released on 1990 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discusses eight economies located in the Pacific Basin--Hong Kong, Singapore, Taiwan, Korea, Malaysia, Thailand, the Philippines, and Indonesia.
Download or read book Food Agriculture And Development In The Pacific Basin written by G. Edward Schuh and published by Routledge. This book was released on 2019-04-09 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is concerned with the management of food production and the distribution of food in the Pacific Basin, exploring food's potential for engendering both increased conflict and cooperation in the region. The authors begin by discussing the role of food and agriculture in the international economy and the implications of two contrasting approaches to food security: international trade and self-sufficiency. They also consider the problem of international migration of labor in the region and look at how agriculture can contribute to the development of the economy in individual countries. The book concludes with a discussion of the prospects for international collaboration in dealing with the domestic and international adjustments required to enhance overall growth and equity in food supply and distribution.
Download or read book Parity Reversion in Real Exchange Rates During the Post Bretton Woods Period written by Yin-Wong Cheung and published by . This book was released on 1996 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Three Door Anomaly written by Daniel Friedman and published by . This book was released on 1996 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
