Publisher Description

In the evolving environment of global financial markets, governments, corporations, individual investors, and their associated financial institutions must grapple with a host of thorny issues that affect emerging economies with particular force, as we saw during the Asian financial crisis of the late 1990s. Among the issues analyzed by some of the top financial scholars from around the world are covered arbitrage possibilities in the absense of hedging instruments; the effect of capital controls on capital flows; the potential impact of currency unification, as well as the possibilities for pegging currency in the context of floating foreign exchange regimes; regulatory reforms; and political risk analysis.

Author Biography

DILIP K. GHOSH is Professor of Finance at Rutgers University and serves as Kuala Lumpur Stock Exchange Chair Professor of Finance at Universiti Utara, Malaysia. He is also the editor of the International Journal of Finance.MOHAMED ARIFF is Professor of Finance at Monash University in Australia and Bumiputra-Commerce Bank Chair in Banking and Finance at Universiti Utara, Malaysia.

Table of Contents

Foreword by Salleh MajdAgiotage and Arbitrage: Could They Work for an Investor in Asian Financial Crisis? by Dilip K. Ghosh and Shyamasri GhoshFinancial Liberalization, Emerging Stock Market Efficiency, and Currency Crisis by Vincent DropsyPolitical Risk in Taiwan: Valuing the Doubly Stochastic China Factor by Ephraim Clark and Radu TunaraForeign Exchange Rate Exposure During a Financial Crisis: The Case of Malaysian Multinationals by Bala RamasamyImpact of Globalization on Capital Markets: The Egyptian Case by Shahira Abdel ShahidOptimization, Temporary Inefficiencies, and Profitability of Technical Trading Rules in Currency Markets by Dennis OlsonAnalyzing the Asian Crisis: Was It Really a Surprise? by Michael-Henry Bouchet, Ephraim Clark, and Bertrand GroslambertBanking and Regulatory Reform in Post Crisis Asia by Mohamed Ariff and Michael T. ScullyBank Operating Strategies and Impact of Crisis: The Malaysian Case by Mohd Nordin Asudalli and Obiyathulla Ismath BachaPersistent Dependence in Foreign Exchange Rates? A Reexamination by John T. Barkoulas, Christopher F. Baum, Mustafa Caglayan, and Atreya ChakrabortyTransfer Pricing and Investment Incentives: Asian and North American Linkages by Lawrence W. NowickiMoney Exchange Rates and Inflation: Evidence from Malaysia by Mohammed B. Yusoff and Lee ChinImpact of Pegging on Malaysia Ringitt After the Asian Financial Crisis by Chee Ani Mad, Nik Mat, N. Zainudin, N. Ahmad, and E. ChikOptimum Currency Area: Euro as a Practical Paradigm? Elinda Fishman KissAsian Financial Crisis: Whence and Wither? by Dilip K. Ghosh

Promotional

Top banking and finance scholars from East and West bring their expertise to bear on the global economic reform issues raised by the Asian financial crisis of the late 1990s.

Long Description

In the evolving environment of global financial markets, governments, corporations, individual investors, and their associated financial institutions must grapple with a host of thorny issues that affect emerging economies with particular force, as we saw during the Asian financial crisis of the late 1990s. Among the issues analyzed by some of the top financial scholars from around the world are covered arbitrage possibilities in the absense of hedging instruments; the effect of capital controls on capital flows; the potential impact of currency unification, as well as the possibilities for pegging currency in the context of floating foreign exchange regimes; regulatory reforms; and political risk analysis.

Promotional "Headline"

Top banking and finance scholars from East and West bring their expertise to bear on the global economic reform issues raised by the Asian financial crisis of the late 1990s.

Details