The banking and finance sectors are relevant shares of modern economies and indeed drivers of growth in emerging economies. The majority of existing economic and finance textbooks focus on concepts and theories with briefly exposited real-world examples for illustration. This book, which collects chapters that are the contributions of the acknowledged experts in their fields, fills this gap by featuring in-depth analyses on prominent real-world topics in banking and finance. The book’s applications of econometrics present insightful perspectives on the recent development of banking issues, stock market contagion, the impact of internet technology (IT) on stock markets, financial innovation and technology firms, and an international perspective on the loan puzzle and interest rate adjustment in emerging markets. In addition to exhaustive case studies on banking and finance in India, Hong Kong, Japan, and other Asian emerging markets, the authors coherently contribute an intellectual advancement of contemporary issues in banking and finance literature. The authors offer an essential reading and source of reference for postgraduate and advanced undergraduate courses in economics and finance.
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This book features technical portrayals of today’s constantly developing banking issues; including stock market contagion, the impact of internet technology (IT) and financial innovation on stock markets, and a perspective on the loan puzzle in emerging markets.
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Chapter 1. ASEAN-5 Economic and Exchange Rate Integration; Tatre Jantarakolica and Korbkul JantarakolicaChapter 2. The Macroeconomic Effects of RMB Internationalization: the Perspective of Overseas Circulation; Cong Wang and Xue Wang Chapter 3. Dynamic Connectedness in Emerging Asian Equity Markets; Pym Manopimoke, Suthawan Prukumpai and Yuthana Sethapramote Chapter 4. Stock Market Contagion from a Spatial Perspective; William W. Chow Chapter 5. Deposit Rate Asymmetry and Edgeworth Cycles after Hong Kong’s Interest Rate Deregulation; Michael K. Fung  Chapter 6. India’s Bad Loan Conundrum: Recurrent Concern for Banking System Stability and the Way Forward; Soumya Bhadury and Bhanu Pratap Chapter 7. An International Perspective on the Loan Puzzle in Emerging Markets; Asli Leblebiciouglu and Victor Valcarcel  Chapter 8. Is Japanese Regional Banks’ Overseas Business in Emerging Markets Hopeful? An Observation Through X-Means Clustering; Masaki Yamaguchi  Chapter 9. A Paradigm Shift in Banking: Unfolding Asia’s FinTech Adventures; Agrata Gupta and Chun Xia  Chapter 10. Acceptance of Financial Technology in Thailand: Case Study of Algorithm Trading; Korbkul Jantarakolica and Tatre Jantarakolica  Chapter 11. Financial Innovation and Technology Firms: A Smart New World with Machines; Kevin Chen
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This volume brings together 11 chapters on banking and finance issues in emerging markets, with a focus on Asia. Economics, finance, and other scholars from Asia, the UK, and the US examine economic and exchange rate integration among the ASEAN-5 (Association of Southeast Asian Nations), including Indonesia, the Philippines, Malaysia, Singapore, and Thailand; the macroeconomic effects of renminbi internationalization; the dynamic connectedness in emerging Asian equity markets; the significance of real and financial links in instigating stock market contagion; deposit rate asymmetry and Edgeworth cycles after Hong Kong's interest rate deregulation; the international banking crisis and problems in India; the loan puzzle in emerging markets; Japanese banks' overseas investments in emerging markets; the role of financial technology and disrupting the existing traditional banking system; acceptance of financial technology in Thailand in terms of algorithm trading; and financial innovation and technology firms.
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Produktdetaljer

ISBN
9781787564541
Publisert
2018-10-04
Utgiver
Vendor
Emerald Publishing Limited
Vekt
558 gr
Høyde
229 mm
Bredde
152 mm
Aldersnivå
P, 06
Språk
Product language
Engelsk
Format
Product format
Innbundet
Antall sider
320

Biographical note

William A. Barnett – is the Oswald Distinguished Professor of Macroeconomics at the University of Kansas, Director of the Center for Financial Stability in New York City, President of the Society for Economic Measurement, and Editor of the Cambridge University Press journal, Macroeconomic Dynamics. His book, Getting It Wrong: How Faulty Monetary Statistics Undermine the Fed, the Financial System, and the Economy, published by MIT Press, won the American Publishers Award for Professional and Scholarly Excellence for the best book published in economics during 2012. With Nobel Laureate Paul Samuelson, he also coauthored the book, Inside the Economist’s Mind, translated into seven languages. Bruno S. Sergi – is a teacher and scholar whose area of research interest centers on the emerging markets. At Harvard University he is an instructor on the economics of emerging markets and the political economy of Russia and China, an Associate of the Davis Center for Russian and Eurasian Studies, and a Faculty Affiliate in the Institute for Quantitative Social Science. In addition, he teaches international economics at the University of Messina, is an Associate Editor of The American Economist (an official publication of Omicron Delta Epsilon, The International Honor Society in Economics), and a co-founder and Scientific Director of the International Center for Emerging Markets in Moscow. He is the author and/or coauthor of several books and over 150 scholarly papers.