Banking and Finance Issues in Emerging Markets

William A. Barnett|Bruno S. Sergi

Emerald

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9781787564541

04 October 2018

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9781787564534

04 October 2018

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9781787564558

04 October 2018

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About

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.

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

The book edited by William A. Barnett and Bruno S. Sergi is well embedded in international literature on banking and financial issues related to the realities of the emerging markets. The author uses multiple and diversified sources of information, including monographs, academic journals, publications and reports issues by central banks, other financial institutions, consultancies etc... the monograph under review is an interesting and valuable theoretical-empirical study, well rooted in the topical literature. I would highly recommend the book edited by William A. Barnett and Bruno S. Sergi to all scholars as well as managers and business people interested in banking and finance in emerging markets.
- Bogdan Mróz, Warsaw School of Economics, Modern Management Review, vol. 25

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.