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Cross-border financial linkages and international financial contagion : an empirical study of East Asia during the 2007-2011 global financial crisisLe, Chau Ho An January 2013 (has links)
Motivated by the global financial market turbulence in 2007-2011 and the gaps from the literature, this thesis presents an econometric assessment of different transmission mechanisms that propagated and amplified shocks from advanced economies to East Asia. The asset price channel is investigated with MS-VAR model and multivariate unconditional correlation tests. The recursive bivariate probit models are applied to test the liquidity shock transmission via the sudden stop in international lending. The second round effects are examined with partial adjustment models and system GMM estimation. The econometric procedure and testing approach bring about novel results from superior estimation techniques and handle several statistical problems such as heteroskedasticity, non-linearity, endogeneity, omitted variables, simultaneous equations and sample selection bias. The main finding of the thesis is that despite relatively sound fundamentals and limited exposure to structured credit products, East Asia could not totally decouple from the global financial crisis. Specifically, the asset price channels propagated volatility spillovers from the US and Europe to East Asian equity, foreign exchange and CDS markets. While international volatility spillovers were mainly caused by fundamental links, international behaviour during the shocks intensified the regional linkages and generated contagion effect. There was also contagion evidence associated with the sudden stop in international lending which facilitated the transmission of liquidity tensions in the interbank markets. Finally, contagion was magnified by the second round effects, defined as the feedback loops from the sudden changes in macro-financial conditions which caused adverse adjustment in bank performance. These findings have useful implications for international investors and policy authorities regarding to portfolio diversification and systematic risk containment.
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The Development of Western Classical Piano Culture in Postwar AsiaCho, Yejin 01 May 2016 (has links)
The purpose of this study is to explore the past, present and future of the development of Western piano culture in Northeast Asia and the musical, social, political and economic facets thereof. Western piano was first introduced to general public as part of the Westernization process during and after World War II in Asia. During the second half of the twentieth century, Asian piano culture has experienced a period of rapid development and mass popularization along with dramatic cultural, economic and technical developments. Quantifiable evidences for this are given in the number of competition winners and graduates of prestigious institutions with Asian heritage. Piano sales and manufacture of Asian companies gives further testament to the popularity of piano in Asia. Finally, the paper acknowledges the achievements identified and suggests ways in which Asia could become a fully independent culture central for piano in the future, with a close look at factors such as the diversity and quality of education programs and syllabi, social norms formed as a result of rapid modernization, and the constituent ratio of Asian decision-makers in eminent music organization.
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Diversification and Speciation Across Sundaland and the Philippines: The Effects of 30 Million Years of Eustatic FluxWelton, Luke J. 01 December 2015 (has links)
I highlight two squamate lineages endemic to Southeast Asia, the Asian water monitors (Varanus salvator Complex) and the Angle-headed lizards (Agamidae: Gonocephalus), and elucidate their systematic affinities and historical biogeography. My results represent novel phylogenetic inferences, with biogeographic histories and diversification events corresponding to major climatic fluctuations over the past 30 million years. Additionally, I solidify the taxonomy and systematics of the Varanus salvator Complex, and enumerate more than a dozen Gonocephalus lineages as candidate species in need of taxonomic scrutiny. Lastly, I investigate contemporary and historical patterns of dispersal throughout Sundaland, and between Sundaland and the Philippines.
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From China to South Korea: Two Perspectives on Adlerian Psychology in AsiaShufang, Sun, Bitter, James Robert 01 September 2012 (has links)
The authors examine and discuss the application of Individual Psychology and Adlerian therapy in two Asian cultures. Starting with Chinese culture, they review characteristics of collectivist culture and how it functions in China. The compatibility of Adlerian psychotherapy in Chinese culture is examined in terms of their views on human nature, inferiority feeling and the inferiority complex, birth order, and therapeutic relationships. A case study is provided to illustrate the application of Adlerian psychotherapy in Chinese culture. The authors then examine South Korean culture in comparison to past histories and current experiences in China, and they describe one of the author's experiences of working cross-culturally.
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Value of Corporate Political Ties in Southeast AsiaForest, Roma Eliana 01 January 2019 (has links)
Utilizing the random effects model and Faccio (2010)’s methodology for classifying political connections, I find that politically connected Southeast Asian firms tend to have higher taxes and accounting performance than non-politically connected firms. The type of connection matters, with state-ownership producing the strongest benefits for market share. Contingent country-level variables, such as the economy, corruption, and the legal environment, also influence the value of corporate political ties. I find that Faccio (2010)’s results are likely more economically important than mine, even when controlling for the panel data effect.
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Giving to Get: A Neorealist Explanation of Japan’s Foreign Aid ProgramSteverson Pugh, Tiana 01 January 2019 (has links)
Many countries use aid as a political tool, but Japan is unique in that foreign aid is one of its most important foreign policy tools. Drawing from literature on donor motivations for aid-giving, this paper argues that the neo-realist view of aid-giving offers the best explanation for why Japan provides aid. More specifically, Japan’s aid-giving is motivated by its pursuit of economic and strategic goals. This underlying motive for aid-giving necessarily impacts how Japan provides aid and how it uses aid to respond to human rights violations in recipient countries.
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Myths and realities of French imperialism in India, 1763-1783January 1989 (has links)
The epochs of Indian History have been determined from time to time by the appearance of foreign influences. Of immeasurable significance for India was the coming of the Europeans, for it eventually transformed the political destiny of the country. Inevitably, France, one of the five great European maritime powers of the time, had been vitally involved in this historic process. Yet, though there exists a cornucopia of material on French commercial history in the East Indies and on the various military and commercial phases of the Anglo-French rivalry in India, no one has so far undertaken to study the true character of the French presence in India from 1763 to 1783, within the setting of French global policy after the Seven Years' War. This is what the present study has endeavored to do According to conventional wisdom, and even scholarly opinion, the French were imperialistic in India. Yet a review of the French government's policy from 1763 to 1783 shows that, on the contrary, the French were, with remarkable consistency, non-expansionist in India. The Indian policy of the French government constituted only one part of its wider strategy to unseat British predominance throughout the world, and to retrieve France's position as a first-rank Power in Europe. The French government schemed to attack the founts of British power in India and in North America, not to succeed to British domination in these regions, but to liberate them In India, the French through a policy of diplomatic intrigue, labored to expel their rivals from the country. The story of the French presence in India post-1763 is largely the story of a desperate struggle by Frenchmen to block the extension of British imperialism in the region. The ultimate end was to restore freedom and liberty on the Indian soil. The French government may have aspired to establish in India a network of trade but not an empire of conquest. The prevailing belief that the French conflict with the English in India was primarily a conflict for an 'Indian Empire' may now be revealed for what it always was: a myth / acase@tulane.edu
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The papermaking tradition of Central AsiaSolberg, Johan 01 May 2018 (has links)
This paper examines the establishment of papermaking in Central Asia in the 7th to 8th century CE. Additionally, it examines the historical and contemporary status of papermaking in Uzbekistan based on primary sources gathered during a research trip, and historical sources. Both textual research and experimental papermaking research were conducted for this paper.
Designed as a foundation for further study, this paper includes early textual sources mentioning papermaking, information gathered from interviews, personal observations, and maps highlighting areas of importance.
The first part surveys the development of the discussion surrounding the establishment of the craft in the region. By combining early and contemporary research and highlighting and discussing new sources, possible scenarios of the establishment of papermaking in Central Asia are further investigated.
Pursuing this line of inquiry, the paper provides a full overview of the history and development of the different papermaking regions of Uzbekistan, following a detailed description of the tradition in the city of Kokand based on first-hand accounts from the early 20th century.
The second part of this paper includes a description of the author’s process of recreating historical tools, techniques and paper based on data and information gathered during the research trip as well as information drawn from historical sources. In addition, the author explores different theories such as the debate about which raw materials were used, and hypotheses regarding the development of the paper mould.
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U.S. Foreign Policy in Islamic South Asia: Realism, Culture, and Policy Toward Pakistan and AfghanistanHayaud-Din, Mian Ahad 26 March 2003 (has links)
The United States has a long-standing interest in the political events of South Asia. This research focuses specifically on U.S. foreign policy toward the Islamic nations of this region, Pakistan and Afghanistan (Referred to as Islamic South Asia). This research examines a variety of primary and secondary sources in an effort to understand the historical context and theoretical framework of U.S. policy.
It has been suggested by scholars that the age of realism has come to an end. This study seeks to verify this claim. Does realism provide the theoretical base necessary for policy success in Islamic South Asia? If it does, then can it continue to serve as the theoretical guide in the post-Cold War era? U.S. policy actions and the logic supporting them are examined in an effort to critique realism and to assess the policy toward this region.
The purpose of this study is to examine whether the continued use of the realist theory is substantiated, based on its record of past policy successes and failures. One of the core arguments against realism is that the level of analysis is too rigid, thus failing to recognize internal constraints in state affairs. Of the many internal issues facing a state, none outweigh the role of culture within the social context of this region. This is exemplified in the case studies of the three most pivotal events influencing U.S. policy. Having examining the foundation and application of the realist based policies toward the region, this study will then evaluate the success or failure of U.S. policy. This evaluation is based on an analysis of the stated goals compared to the results of policy actions.
Considering the dangers on the horizon, this research also offers several guidelines for creating a more successful long-term strategy toward Islamic South Asia. Having already witnessed the collapse of the state in Afghanistan and the potential for state failure in a nuclear Pakistan, the concerns relating to this region are extensive. Weapons of mass destruction, environmental crisis, and social instability are just few of the problems addressed in this study. The variety of potential disasters emanating from this region makes this region and U.S. policy towards it a paramount concern.
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Applied general equilibrium model with emphasis on trade sector: A fiscal policy study in TaiwanJanuary 1988 (has links)
A general equilibrium model is established to evaluate fiscal policy in Taiwan, particularly the replacement of the sales tax by a value-added tax. To begin, the major taxes levied in Taiwan are identified and briefly described. Based on this descriptive analysis, we can make assumptions concerning tax incidence for Taiwan's major taxes within a general equilibrium framework; and the effective tax rates, by type of tax, by family income class, are calculated. Then, a general equilibrium computation algorithm is applied to convert an abstract representation of an economy into an operational model The results are obtained by comparing the solutions between before- and after-tax equilibrium in nonlinear equations system. The main conclusions show that (1) the relative prices of goods, in general, only have a small change; and (2) the efficiency gain in production and total welfare gain are both small as well / acase@tulane.edu
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