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Asian Markets (asian + market)

Distribution by Scientific Domains

Business, Economics, Finance and Accounting	100%

Selected Abstracts

The Geopolitics of Natural Gas in Asia

OPEC ENERGY REVIEW, Issue 3 2001
Gawdat Bahgat
Over the last few years, natural gas has been the fastest-growing component of primary world energy consumption. This study seeks to examine the recent efforts by the Islamic Republic of Iran, Qatar, the United Arab Emirates and Saudi Arabia to develop their natural gas resources and capture a large share of the Asian market, particularly in Turkey, India, China, Japan and South Korea. Counter-efforts by rivals, such as the Russian Federation and the Caspian Basin states, are analysed. Finally, international ventures to transport natural gas from producers to consumers, including the Dolphin Project, the Trans-Caspian Pipeline and Blue Stream, are discussed. [source]

Style timing with the value spread in Australia

ACCOUNTING & FINANCE, Issue 4 2009
Charles E. Hyde
G11; G33 Abstract The value spread is shown to be positively related to the value premium in the Australian market. The relationship is especially strong for small cap portfolios and typically stronger when using the book-to-price ratio than other value metrics. In small cap portfolios, the positive value premium,spread relationship is primarily driven by the short side. Our results are consistent with previous findings in US and Asian markets. We also show that the small cap,large cap value spread differential is positively related to the corresponding value premium differential, suggesting the value spread can also be used for timing the large/small cap tilt. [source]

Market interdependence and financial volatility transmission in East Asia

INTERNATIONAL JOURNAL OF FINANCE & ECONOMICS, Issue 1 2009
Giampiero M. Gallo
Abstract In this paper, we adapt the Multiplicative Error Model (MEM) to analyze the interdependence of volatility across markets. The MEM specifies the dynamics of a volatility proxy (absolute returns) for one market including terms accounting for an asymmetric impact of good or bad news on the market, and possible volatility spillover terms from other markets. The specific empirical focus of the paper is on the interdependence structure of seven East Asian markets between 1990 and 2005. We pay specific attention to the stability of the significance of the links across markets on subperiods that consider or exclude the 1997 crisis and contrast results between earlier samples and more recent ones. Copyright © 2008 John Wiley & Sons, Ltd. [source]

Testing for causality-in-variance: an application to the East Asian markets

INTERNATIONAL JOURNAL OF FINANCE & ECONOMICS, Issue 3 2002
Guglielmo Maria Caporale
Abstract In this paper we provide some empirical evidence on the casual relationship between stock prices and exchange rates volatility in four East Asian countries. In order to test for causality-in-variance, we use a GARCH model for which a BEKK representation is adopted, and then test for the relevant zero restrictions on the conditional variance parameters. We find that in the pre-crisis sample stock prices lead exchange rates negatively in Japan and South Korea (consistently with the portfolio approach) and positively in Indonesia and Thailand. In the latter two countries after the onset of the 1997 East Asian crisis the spillover effects are found to be bidirectional. Copyright © 2002 John Wiley & Sons, Ltd. [source]