Table of Contents
About the Editors vii
List of Tables ix
List of Figures xi
Introduction 1
Part I The Evolution of Cross-Border Financial Linkages in East Asia 11
Chapter 1 Asian-Pacific Economic Linkages: Empirical Evidence in the GVAR Framework Wang Chen Takuji Kinkyo 13
Chapter 2 Linkages among East Asian Stock Markets, US Financial Markets Stress, and Gold Takashi Miyazaki Shigeyukt Hamori 31
Chapter 3 Business Cycle Volatility and Hot Money in Emerging East Asian Markets Xiaojing Cai Shigeyuki Hamori 59
Part II Long-Run Economic Consequences of Remittance Inflows and Natural Resource Dependence 81
Chapter 4 Dynamic Impacts of Remittances on Economic Growth in Asia: Evidence from the Dynamic Heterogeneous Panel Nannan Yuan Takeshi Inone Shigeyuki Hamori 83
Chapter 5 Effects of Remittances on Poverty Reduction in Asia Takeshi Inone Shigeyuki Hamori 101
Chapter 6 Financial Development and Growth in Resource-Rich Countries Kazue Demachi Takuji Kinkyo 119
Part III Policy Priorities for the Financial Integration and Management of Resource-Rich Economies 145
Chapter 7 Spillovers of Financial Stress Shocks: Evidence and Policy Implications Wang Chen Takuji Kinkyo 147
Chapter 8 Challenges to Macro economic Management in Resource-Rich Developing Economies Kazue Demachi Takuji Kinkyo 163
Chapter 9 Policies and Prospects of ASEAN Financial Integration Satoshi Shimizu 181
Index 217
