Search Results
Journal Article
GATS and banking in the Pacific Basin
Conference Paper
On the possibility of the yen bloc
Journal Article
A Pacific century?
Conference Paper
Relative returns on equities in Pacific Basin countries
Conference Paper
Ocean mining in the Pacific Basin: stimulus and response
Working Paper
Who drives real interest rates around the Pacific Rim: the US or Japan?
This paper investigates the relative influence of US and Japanese real interest rates in the determination of local Pacific Rim rates, where influence is defined by the presence of common stochastic trends. Furthermore, the degree to which long run real interest parity holds is examined. The cointegration testing methodology of Johansen (1988) is adopted for this analysis, which allows for multiple cointegrating vectors. The results indicate that Hong Kong, Malaysia and Taiwan are linked with both the US and Japan (in terms of cointegration and positive covariation), while only Singapore is ...
Journal Article
Central bank policy towards inflation