scholarly journals Short-Term Event-Driven Analysis of the South-East Asia Financial Crisis: A Stock Market Approach

Economies ◽  
2021 ◽  
Vol 9 (4) ◽  
pp. 150
Author(s):  
Gerardo Alfonso Perez
Keyword(s):  
Financial Crisis ◽  
Stock Market ◽  
East Asia ◽  
Foreign Exchange Market ◽  
Equity Market ◽  
South East Asia ◽  
The South ◽  
Short Term ◽  
Time Horizons ◽  
Event Driven

A systematic short-term event review of the major events in the South-East Asia Financial crisis is presented in this article. This analysis adds to the existing literature by focusing on the equity market, rather than on the foreign exchange market where there is already abundant literature, as well as going to a granular level with the hope that the analysis of the short-term market reactions can help policy-maker make appropriate decisions understanding the likely implications on the stock market. Short-term movements in the equity market might have very substantial economic impacts on investors and on the broad economy. The existing literature tends to focus on longer time horizons but from an equity investor point of view short-term fluctuations might be equally important or even more. When analyzing longer time horizons these short-term fluctuations, which might cause investors to fully unwind their positions or even bankruptcies, might be average out, underestimating the potential impact on the investor. Given these practical considerations it seems important to carry out a short-term event driven analysis of this crisis.

scholarly journals Long and Short-term Volatility Comovements in the East Asian Stock

2017 ◽  
Vol 4 (3) ◽  
pp. 14
Author(s):  
Jin Yong Yang ◽  
Sang-Heon Lee ◽  
In-Sung Yeo
Keyword(s):  
Financial Crisis ◽  
Stock Market ◽  
East Asia ◽  
Stock Returns ◽  
East Asian ◽  
Short Term ◽  
Volatility Clustering ◽  
Volatility Model ◽  
Starting Point

This study analyzed volatility comovement and contagion in the stock markets of four countries (China, Japan, Korea, and Taiwan) in East Asia, which are closely connected with each other geographically and economically in terms of short-term and long-term perspectives. The volatility of stock returns has complex properties of not only volatility clustering, but also long memory, regime change, and substantial outliers. This study reviewed the volatility comovement and contagion in a stock market from long-term and short-term perspectives with the Bivariate Markov Switching Multifractal (BMSM) volatility model that is known for explaining such characteristics well, in spite of using small number of parameters. The empirical analysis results are as follows: China has no significant correlation with the other three countries. Therefore, China stock market is regarded as isolated or segmented market. The influence of the financial crisis on East Asian countries varies depending on the country. Regardless of the starting point of the crisis, Korea and Taiwan are shown to be vulnerable to external impact, compared to China and Japan. From the perspective of the nature of crisis, financial crisis that occurred in 1997 in East Asia and South Europe in 2011 were identified as local shocks as they had an impact on only a few countries, while the global crisis in 2008 was identified as global shock because it caused significant short-term and/or mid and long-term volatility of all countries.

scholarly journals HDSS Profile: The South East Asia Community Observatory Health and Demographic Surveillance System (SEACO HDSS)

2017 ◽  
Vol 46 (5) ◽  
pp. 1370-1371g ◽  
Author(s):  
Uttara Partap ◽  
Elizabeth H Young ◽  
Pascale Allotey ◽  
Ireneous N Soyiri ◽  
Nowrozy Jahan ◽  
...  
Keyword(s):  
East Asia ◽  
Surveillance System ◽  
Demographic Surveillance System ◽  
South East Asia ◽  
The South

South East Asia in Conditions of World Financial and Econommic Crisis

2010 ◽  
pp. 38-46
Author(s):  
E. Kanaev ◽  
A. Kurilko
Keyword(s):  
Economic Growth ◽  
Financial Crisis ◽  
East Asia ◽  
South East Asia ◽  
Structural Reforms ◽  
Domestic Consumption ◽  
Communication Partners ◽  
Detailed Specification ◽  
Asean Countries

The 1997–1998 financial crisis brought the issue of necessity to implement deep structural reforms to the agenda in South-East Asia countries. Domestic consumption encouragement, increase of cooperation between different countries' real sectors of economy and strengthening the role of the ASEAN countries in both anti-crisis arrangements and arriving at consensus on interaction with communication partners became focus areas. The detailed specification of measures assumed by particular countries of the region to mitigate crisis effects, stabilize economy and formulate a strategy of economic growth is presented in the article.

The Unfinished Task of Christopher Columbus

1952 ◽  
Vol 3 (12) ◽  
pp. 1-12
Author(s):  
Hugh Bousman
Keyword(s):  
East Asia ◽  
Churches Of Christ ◽  
National Council ◽  
South East Asia ◽  
The South ◽  
Christopher Columbus ◽  
Foreign Missions ◽  
Christian Churches ◽  
Far Eastern ◽  
General Secretary

(This is an address presented at the Indonesia luncheon meeting of the South East Asia Committee, Division of Foreign Missions, National Council of the Churches of Christ in the U.S.A., on September 25, 1952. The Reverend Hugh Bousman is Associate General Secretary of the Philippine Federation of Christian Churches. While on furlough he is serving as an associate in the Far Eastern Joint Office. — Editor)

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