Financial Linkages, Remittances, And Resource Dependence In East Asia

by Takuji Kinkyo, Shigeyuki Hamori, Takeshi Inoue

Overview

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.

Product Details

ISBN-13:	9789814713399
Publisher:	World Scientific Publishing Company, Incorporated
Publication date:	02/25/2016
Pages:	232
Product dimensions:	6.00(w) x 9.00(h) x 0.56(d)

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