scholarly journals Exchange Rates Under The East Asia Dollar Standard: The Future Of East Asian Economies

2011 ◽  
Vol 6 (3) ◽  
Author(s):  
Ordean Olson
Keyword(s):  
Exchange Rate ◽  
Business Cycle ◽  
East Asia ◽  
East Asian ◽  
Asian Countries ◽  
Economic Stability ◽  
Dollar Exchange Rate ◽  
Asian Economies ◽  
The Business Cycle ◽  
East Asian Economies

The effects of fluctuations in the yen/dollar exchange rate on the business cycle of the smaller East Asian economies are examined in this paper. The cointegration error-correction model is employed to examine the nature of the interrelationship between the yen/dollar exchange rate and the economic stability of the East Asian countries. The empirical results reveal strong and lasting effects of changes in the yen/dollar exchange rate on the economic income and exchange rate stability of the East Asian countries. The results also indicate that stabilizing the yen/dollar exchange rate with the East Asian business cycle would benefit Japan as well as the economies of East Asia.

scholarly journals Trade Integration and Business Cycle Synchronization in East Asia

2003 ◽  
Vol 2 (3) ◽  
pp. 1-20 ◽  
Author(s):  
Kwanho Shin ◽  
Yunjong Wang
Keyword(s):  
Business Cycles ◽  
Business Cycle ◽  
East Asia ◽  
East Asian ◽  
Trade Integration ◽  
Asian Countries ◽  
Business Cycle Synchronization ◽  
Industry Trade ◽  
Asian Economies ◽  
Trading Partners

As trade integration deepens in East Asia, closer links among the business cycles of East Asian countries can be expected. Theoretically, however, increased trade could lead to either closer or looser business cycles across trading partners. This paper seeks to understand how the business cycles of 12 Asian economies have been influenced by increased trade among them. It finds that the increasing trade itself is not necessarily associated with an increased synchronization of their business cycles. Intra-industry trade, rather than inter-industry trade or the volume of trade itself, is the major channel through which their business cycles become synchronized. This result has important implications for the prospects for a unified currency in the region.

scholarly journals Islamic Dimensions of the East Asian Economic Miracle

1999 ◽  
Vol 16 (4) ◽  
pp. v-xvii
Author(s):  
M. A. Muqtedar Khan
Keyword(s):  
Social Sciences ◽  
East Asia ◽  
Critical Review ◽  
East Asian ◽  
Theory And Practice ◽  
Islamic Philosophy ◽  
Economic Miracle ◽  
Asian Economies ◽  
East Asian Economies ◽  
Growing Region

in PerspectiveThis editorial seeks to identify the missing dimensions of Islamic economicsand the Islamic dimensions of East Asian economies. In doing so,it advances a critical review of the present discourse on Islamic economicsand highlights some of its oversights. At the outset, it must be clearlyunderstood that I am not critical of the very idea of an Islamic economics.I think that at a time when global intellectual leadership has been usurpedby those who consciously subvert the idea of the divine and the role ofdivine mandates in the organization and governance of human affairs,Islamic economics, like Islamic philosophy and Islamic social sciences, hassucceeded in at least presenting a paradigmatic alternative that still maintainesthe centrality of transcendence in human existence.While I am all for sustaining the resistance to secularization of all knowledges,I am critical of the current discourse on Islamic economics becauseof its disconnection between theory and practice and because, for reasonsthat have not been explored systematically but are intuitively discernable,it has made Islamic economics synonymous with' interest-free banking.Many important elements of Islamic economics are completely ignored oreven suppressed. Perhaps this may be a reason why Islamic economieshave not really materialized. The importance of these less studied principlescan be discerned by studying how they have played a cardinal role inthe world's fastest growing region, East Asia. I intend to show how EastAsian economies have institutionalized Islamic principles in their contemporaryeconomic practices and are harvesting great benefits. It is ironic that ...

Contribution of Financial Conditions to Successful Industrialization in East Asia

1998 ◽  
Vol 01 (03) ◽  
pp. 419-435
Author(s):  
H. Peter Gray ◽  
Thomas A. Fetherston
Keyword(s):  
East Asia ◽  
Economic Performance ◽  
East Asian ◽  
Economic Success ◽  
Financial Variables ◽  
Financial Conditions ◽  
Asian Economies ◽  
East Asian Economies

The economic success of the East Asian economies has been undisputable. In analyses of these accomplishments, attention has been given to virtually everything but the role of what are broadly interpreted as financial variables. This paper develops the contributions of financial phenomena to the East Asian success and argues that favorable financial conditions are necessary, but not sufficient for good long-term economic performance.

The transition from relation-based to rule-based governance in East Asia

2019 ◽  
Vol 14 (1) ◽  
pp. 171-186 ◽  
Author(s):  
Shaomin Li ◽  
Seung Ho Park ◽  
Rosey Shuji Bao
Keyword(s):  
South Korea ◽  
East Asian ◽  
World Market ◽  
Asian Countries ◽  
Governance System ◽  
Rule Based ◽  
Content Type ◽  
Asian Economies ◽  
Substantial Progress ◽  
East Asian Economies

Purpose The purpose of this paper is to use the framework of rule-based and relation-based governance to examine the evolution of governance environment in the East Asian region including China, South Korea and Taiwan. Design/methodology/approach Both qualitative and quantitative evidences are presented to demonstrate the paths these East Asian countries take in their transitions from relation-based governance to rule-based governance. Based on the framework, this analysis sheds light on the debate on whether East Asian economies will eventually move away from relation-based governance to rule-based societies. Findings The authors find that relation-based governance has helped East Asian countries achieve rapid economic growth in the early stages of their development. However, as the scale and scope of East Asian economies expand, continuing to rely on it may hinder their further development and therefore these countries should adopt a rule-based governance system in order to be efficient and competitive in the world market. While South Korea and Taiwan have made substantial progress in this transition, China has just embarked on the process. Originality/value This paper is among the first to systematically review the theories and evidence of the transition and the challenges East Asian countries face during the process.

Microfinance demand will grow in South-east Asia

2016 ◽  
Keyword(s):  
East Asia ◽  
East Asian ◽  
South East Asia ◽  
Asian Countries ◽  
Industry Growth ◽  
Phnom Penh ◽  
Foreign Investors ◽  
Content Type ◽  
East Asian Economies

Subject Microfinance in South-east Asia. Significance Microfinance lending in Cambodia rose 45% last year, while the number of borrowers has doubled since 2010, a national summit on the industry was told in Phnom Penh last month. Other emerging South-east Asian economies will seek to emulate Cambodia's success as intra-regional financial ties heighten credit gaps, especially for small business. Most funding will come from abroad, but foreign investors are worried about regulatory shortcomings and high borrowing costs in some markets. Impacts Cambodia will see the fastest microfinance industry growth among South-east Asian countries. However, larger markets such as Indonesia have greater long-term potential microfinance demand. Microfinance could increase SMEs' viability by paying for efficiencies and boost their presence in exports and supply chains.

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