We use cookies on this website to give you a better user experience. By continuing to browse the site, you are agreeing to our use of cookies. Learn more

Cross-Border Financial Asset Holdings among East Asian Countries

31 January 2011

Share Article:

Print Article:

ERIA Lunch time Seminar was held on January 31, 2011 at ERIA annex office. The speaker was Prof. Hyun-Hoon Lee from Kangwon National University.

The topic is from his recent published paper titled "Cross-Border Financial Asset Holdings among East Asian Countries : An Empirical Investigation" co-authored with Dr. Hyeon-seung HUH, Yonsei University and Dr. Donghyun PARK, Asian Development Bank.

The objective of their study is to empirically evaluate the degree of linkages among East Asian equity and bond markets using a theory-based financial gravity model. Prof. Lee explained their findings that intra-regional trade linkages promote intra-East Asian financial asset holdings of East Asian countries. In addition, he pointed out that a clear positive relationship between destination-country risk in particular political risk and capital flows are found in the case of analysis on the impact of country-specific risks on investment.

Following his presentation, the floor was opened for the discussion. Questions regarding terminologies, estimation specification, empirical method as well as way of interpretations of results were raised by participants.

Search ERIA.org

Latest Multimedia

Indonesia's ASEAN Chairmanship 2023 High-Level Policy Dialogue: ASEAN Digital Community 2045

ERIA Knowledge Lab Discusses Scaling Up Innovation and Digital Technology Ecosystem

Is ASEAN Ready for Electric Vehicles? | ASEAN Insights Podcast

Latest Publications

Empowering Online Public Service in Asia: The Digital Frontier
Online Public Service, Asia, Digital Economy
4 March 2024
Fukunari Kimura, Lurong Chen
(still under ISBN process and under review Chief Economist) The implications of digital[...]
23 February 2024
K.P. Prabheesh, C.T. Vidya
This paper examines the global semiconductor industry trade network[...]