Journal of Southeast Asian Economies

Publication covering economics.

Articles from Vol. 18, No. 1, April

Economic Globalization and Asia
Trade, Finance, and Taxation I. Introduction Economic globalization, broadly defined as the shrinkage of economic distances (i.e. costs of doing business) between nations, is more accurately seen as consisting of two separate but not necessarily...
Economic Globalization and Asia: Trade, Finance, and Taxation
I. Introduction Economic globalization, broadly defined as the shrinkage of economic distances (i.e. costs of doing business) between nations, is more accurately seen as consisting of two separate but not necessarily mutually exclusive trends: globalization...
Globalization and Tax Systems
Implications for Developing Countries with Particular Reference to Southeast Asia I. Introduction The unfolding globalization process, centring on production and distribution networks and on financial institutions, products, and transactions,...
Globalization and Tax Systems: Implications for Developing Countries with Particular Reference to Southeast Asia
The unfolding globalization process, centring on production and distribution networks and on financial institutions, products, and transactions, is having a profound impact on a wide range of policies and practices in both the private and the public...
Globalization, WTO, and ASEAN
I. Introduction The pervasive effects of the process of globalization are being felt in poorer economies, at least as much as in richer ones. They are also being affected by, and are affecting, international institutions such as the World Trade...
Interest Rates, Exchange Rates and Financial Deepening in Selected Asian Economies
I. Introduction A well functioning financial system can play an important role in economic development by facilitating capital formation, which in turn promotes economic growth.(1) A higher rate of growth is, in turn, a necessary condition for alleviating...
Is There Any Value-Added in the ASEAN Surveillance Process?
I. Introduction The East Asian crisis was remarkable for its rapid spread, its severity, and for generally catching unaware international investors, governments, and societies at large. It has severely tested the existing surveillance mechanisms...
Pegging and Macroeconomic Performance in East Asia
I. Introduction As memories of the East Asian crises of 1997-98 recede, attention has shifted back to the traditional problems of macroeconomic management in a small open economy. In this regard, a key question is the appropriate choice of exchange...
Production Networks in an Economically Integrated Region
I. Introduction The process of regional integration has tended to follow a fairly set pattern. In the early stages, the focus is on liberalizing trade in goods. Subsequent initiatives address trade in services, the movement of labour and capital,...
Reintegration of Formerly Centrally Planned Economies into the Global Trading System
I. Introduction A novel part of the globalization process during the final decades of the twentieth century was the reintegration of formerly centrally planned economies into the global trading system. These countries contained a third of the world's...
The Economics and Politics of Monetary Regionalism in Asia
I. Introduction In the interest of sharpening the issues, but cognizant that this may be an overgeneralization, we observe that to critics of the Japanese development model, Japan transferred the worst features of corporate governance to the rest...
To Intervene or Not to Intervene
I. Introduction One of the main challenges faced by monetary authorities around the world is the question of how to limit the potential adverse effects of capital inflows on the real exchange rate. Insofar as the appreciation of the real exchange...
To Intervene or Not to Intervene: Exchange Rate Responses to Capital Flows in Selected Asian Economies
This article stresses the role of the central bank when discussing the response of the exchange rate to net capital flows in selected East Asian countries. We argue that the priority of central banks is the inflation rate, but this priority sometimes...