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Working Papers
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Have Efficiency and Integration Progressed in Real Capital Markets of Europe and North America During 1988-1999?
This paper examines the progress of efficiency and integration in real capital markets of 10 European countries and the US-Canadian market in the pre-EMU period from 1988:1993 to 1994:1999. (The rest is omitted.)
Yonghyup Oh Date 2005.10.14
Financial integration, Capital marketDownloadContentExecutive Summary
I. Introduction
II. Model Specifications
III. Data, Conversion and Asset Beta
IV. A Static Test of Integration and Efficiency for European Markets and the
US- Canadian Market
V. Have Efficiency and Integration Improved in European Markets?
VI. US- Canada Market
VII. Concluding Remarks
ReferencesSummaryThis paper examines the progress of efficiency and integration in real capital markets of 10 European countries and the US-Canadian market in the pre-EMU period from 1988:1993 to 1994:1999. (The rest is omitted.) -
WTO Discussions on Technical Barriers to Trade and Policy Implications
Along with the rapid reduction of traditional trade barriers such as tariffs and quotas, institutional factors including technical regulations have proliferated and increased their impact on international trade. Other factors that..
Sang-yirl Nam Date 2005.09.30
Multilateral negotiationsDownloadContentWTO Discussions on Technical Barriers to Trade and Policy Implications
Nam, Sang-yirl
I. INTRODUCTION
II. TECHNICAL BARRIERS TO TRADE (TBT)
1. Characteristics of TBT
2. Standards and TBT
3. Major Researches on TBT
4. Technical Regulations and Multilateral Trade Rules
III. WTO DISCUSSIONS AND ISSUES CONCERNING TBT
1. Discussions in WTO Committee on TBT
2. Technical Regulations of WTO Members
a. TBT notifications under the WTO
b. recent TBT issues by country in the WTO
c. dispute cases on TBT issues in the WTO
d. recent TBT notifications by major country
IV. POLICY IMPLICATIONS
[APPENDIX] CHARACTERISTICS OF TBT NOTIFICATIONS DURING 2001-2004
1. Number and Share of Notifications by Major Country
2. Notifications of Major Country and Region by Legitimate Objective
3. Notifications of Major Country and Region by Product Classification
4. Notifications of Major Country and Region by Comment Period OfferedSummaryAlong with the rapid reduction of traditional trade barriers such as tariffs and quotas, institutional factors including technical regulations have proliferated and increased their impact on international trade. Other factors that have impacted upon technical regulations include technical progress, and increased interests in welfare such as safety, health and environmental protection. Technical regulations are not dominated by developed countries or by some high-tech products. They are applied virtually to any product that is traded between countries and diffused from developed countries to developing countries in various regions like Southeast Asia, Central and South America, and Eastern Europe. (The rest is omitted.) -
GCC·EU FTA : The Present and Its Prospect
New movements in the Middle East region are adding to internal conflicts and natural resources (such as oil and natural gas), issues that often captures world's attention. One new big movement was made by Gulf Cooperation Council ..
Hee-Yeon Bae Date 2005.09.30
Economic integration, Free tradeDownloadContent해당 사항 없음.SummaryNew movements in the Middle East region are adding to internal conflicts and natural resources (such as oil and natural gas), issues that often captures world's attention. One new big movement was made by Gulf Cooperation Council (GCC), a regional organization aimed at protecting political, military and economic interests of six nations in the Gulf region including Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and UAE. Recently, GCC is deepening internal integration by realizing a customs union and drafting framework for the introduction of a single currency. At the same time, GCC is advancing external integration by promoting trade agreements with the world's main traders. So far GCC has concluded a Free Trade Agreement (FTA) with Lebanon and some progress is being made on FTA negotiations with China (the GCC's biggest trade partner), India and Jordan. (The rest is omitted.) -
India's Foreign Economic Policy and the Way of Reinforcing Economic Cooperation between Korea and India
India is getting worldwide attention for its remarkable current economic growth which is partly driven by its active reform and opening economic policy after the foreign exchange crisis in July 1991. Since then, India has achieved..
Tae Hwan Yoo et al. Date 2005.08.19
Economic reform, Economic cooperationDownloadContent없음SummaryIndia is getting worldwide attention for its remarkable current economic growth which is partly driven by its active reform and opening economic policy after the foreign exchange crisis in July 1991. Since then, India has achieved a more than average 6 percent economic growth and developed a more solid and sound economic structure. Its monsoon dependent agriculture sector decreased its proportion in overall economy to less than 20 percent, while the IT-led service sector assumed about 55% of India's total GDP. (The rest is omitted.) -
A Brief Appraisal of India's Economic and Political Relations with China, Japan, ASEAN, The EU and the U.S.
The Indian economy because of its has been slowly but steadily reforming by opening up their economy. This reform process is responsible for the sustained an average rate of growth of about 6percent over the past two decades. (The..
Tae Hwan Yoo et al. Date 2005.08.19
Economic relations, Political economyDownloadContentExecutive Summary
I. Introduction
II. China - India Relations
1. Introduction
2. Bilateral Relations between China and India
3. Domestic Factors in Chinese Foreign Policy Towards India
4. Economic Cooperation between China and India
5. Concluding Remarks
III. Japan - India Relations
1. Introduction
2. Japan's Foreign Policy Towards India
3. Institutional and Economic Cooperation between Japan and India
4. Concluding Remarks
IV. ASEAN - India Relations
1. Introduction
2. Institutional Arrangements between ASEAN and India
3. Economic Cooperation between ASEAN and India
4. Concluding Remarks
V. EU - India Relations
1. Introduction
2. Bilateral Meetings of EU and India
3. EU's Foreign Policy towards India
4. Economic Coopearation between the EU and India
5. Concluding Remarks
VI. U.S. - India Relations
1. Introduction
2. Historical Context of the U.S. - India Relations
3. Institutional and Economic Cooperation between the U.S. and India
4. Concluding Remarks
VII. Conclusion
ReferencesSummaryThe Indian economy because of its has been slowly but steadily reforming by opening up their economy. This reform process is responsible for the sustained an average rate of growth of about 6percent over the past two decades. (The rest is omitted.) -
Natural Resources, Governance, and Economic Growth in Africa
Contrary to conventional thoughts, development economists have provided solid evidence that abundance in natural resources has worked as a curse for economic growth. This finding is shortly called 'resource curse hypothesis'. (The..
Bokyeong Park et al. Date 2005.08.10
Economic developmentDownloadContentExecutive Summary
I. Introduction
II. Literature Review
1. Natural Resources and Economic Growth
2. Governance and Economic Growth
III. How Do Natural Resources Affect Governance in Africa?
IV. Data and Method
1. Data Description
2. Method
V. Empirical Results
1. Natural Resource and Economic Growth
2. Channels of Resource Curse to Economic Growth
VI. Conclusion
Appendix: Data and Sources
ReferencesSummaryContrary to conventional thoughts, development economists have provided solid evidence that abundance in natural resources has worked as a curse for economic growth. This finding is shortly called 'resource curse hypothesis'. (The rest is omitted.) -
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Product Collaboration of Manufacturing Industries in East Asia: Policy Implications on Korea's FTA Strategy
In East Asia, efforts to integrate the regional economy were blocked by several factors including political power games, security balancing, unsettled historical grievance, and different developmental stages. However, the painful ..
Jung Sil Kang Date 2005.07.10
Economic integration, Trade policyDownloadContentSummaryIn East Asia, efforts to integrate the regional economy were blocked by several factors including political power games, security balancing, unsettled historical grievance, and different developmental stages. However, the painful economic crisis in 1997 brought up the need for deeper economic integration within the region. Recently FTAs are on the rise in East Asia as an alternative for the multilateral trading system. (The rest is omitted.) -
Did Efficiency Improve? Megamergers in the Japanese Banking Sector
This paper examines the technical efficiency implications of Japanese city banks to evaluate their pre- and post-consolidation efficiency. Using a sample from the period of 1999 to 2003, we consider questions such as whether effic..
Kimie Harada Date 2005.06.10
Capital marketDownloadContentExecutive Summary
I. Introduction
II. Brief Literature Review
1. Financial Consolidation outside Japan
2. Financial Consolidation in Japan
3. Efficiency of Banks
III. Recent Changes in Japanese Bank Consolidation
IV. The Non-parametric Methodology
1. Efficiency Measurement Concept
2. Data Envelope Analysis
3. The Data
V. Estimation Results
1. Estimation Results
2. Remaining Issues
VI. Conclusions
SummaryThis paper examines the technical efficiency implications of Japanese city banks to evaluate their pre- and post-consolidation efficiency. Using a sample from the period of 1999 to 2003, we consider questions such as whether efficiency improved after consolidation and whether consolidation of two weak banks created a strong bank. (The rest is omitted.) -
Measuring the Efficiency of Banks: Successful Mergers in the Korean Banking Sector
This paper investigates how the Korean banking sector has published reform, with a focus on mergers and acquisitions of banks. It examines the technical efficiency implications of Korean banks to evaluate their pre- and post-conso..
Kimie Harada Date 2005.06.10
Capital marketDownloadContentExecutive Summary
I. Introduction
II. Banking System and Related Literature
1. Bank Consolidations
2. Related Literature in the Banking Sector
3. Hypotheses
4. Related Literature on Bank Consolidation
III. The Non-parametric Methodology
1. Efficiency Measurement Concept
2. Data Envelope Analysis
3. The Data and Specification of Bank Production
IV. Estimation Results
V. Conclusions
SummaryThis paper investigates how the Korean banking sector has published reform, with a focus on mergers and acquisitions of banks. It examines the technical efficiency implications of Korean banks to evaluate their pre- and post-consolidation efficiency. (The rest is omitted.)