Contents of IREF: Volume 20

Volume 20, Number 1

Special Issue

The emerging global financial architecture and exchange rate regimes in a volatile world  
Joshua Aizenman, Michael Hutchison

International reserves and swap lines: Substitutes or complements?  
Joshua Aizenman, Yothin Jinjarak, Donghyun Park

Accumulation of reserves and keeping up with the Joneses: The case of LATAM economies  
Yin-Wong Cheung, Rajeswari Sengupta

The exchange rate regime in Asia: From crisis to crisis  
Ila Patnaik, Ajay Shah, Anmol Sethy, Vimal Balasubramaniam

Crisis and self-fulfilling expectations: The Turkish experience in 1994 and 2000–2001  
Unay Tamgac

The illusive quest: Do international capital controls contribute to currency stability?  
Reuven Glick, Michael Hutchison

Foreign output shocks, monetary rules and macroeconomic volatilities in small open economies  
Joseph D. Alba, Zheng Su, Wai-Mun Chia

Structural change, savings and current account balance  
Yi Sun

Markets contagion during financial crisis: A regime-switching approach  Original
Feng Guo, Carl R. Chen, Ying Sophie Huang

Jumps in foreign exchange rates and stochastic unwinding of carry trades  
Makoto Nirei, Vladyslav Sushko

Volume 20, Number 2

Special Issue

Introduction to Heckscher–Ohlin theory: A modern approach  
Eric O'N. Fisher

From great depression to great recession  
Jaroslav Vanek

The Heckscher–Ohlin model and the network structure of international trade  
Thushyanthan Baskaran, Florian Blöchl, Tilman Brück, Fabian J. Theis

Empirical foundations for the resurrection of Heckscher–Ohlin theory  
Peter Egger, Kathryn G. Marshall, Eric O'N. Fisher

The factor content of regional bilateral trade: The role of technology and demand  
Andrés Artal-Tur, Juana Castillo-Giménez, Carlos Llano-Verduras, Francisco Requena-Silvente

The domestic content of imports and the foreign content of exports  
Jeffrey J. Reimer

Estimating the Heckscher–Ohlin model: Inverting the inverse matrix  
Henry Thompson

The gains from trade revisited  
Kwok Tong Soo

Heckscher–Ohlin theory when countries have different technologies  
Eric O'N. Fisher

Regular Articles

Employment effects of foreign acquisition  
Roger Bandick, Patrik Karpaty

Ownership, competition, and bank productivity: An analysis of Indian banking in the post-reform period  
Paroma Sanyal, Rashmi Shankar

EU-GCC free trade agreement: Adjustments in a factors proportion model for the UAE  
Hugo Toledo

Further evidence on purchasing power parity and country characteristics  
Jyh-Lin Wu, Su-Yin Cheng, Han Hou

An empirical investigation of monetary interaction in the Korean economy  
Han Gwang Choo, Takamitsu Kurita

Utilizing financial market information in forecasting real growth, inflation and real exchange rate  
Juha Junttila, Marko Korhonen

Stock market reaction to dividend announcements: Evidence from the Greek stock market  
Apostolos Dasilas, Stergios Leventis

Do liquidity and sampling methods matter in constructing volatility indices? Empirical evidence from Taiwan  
Shyh-Weir Tzang, Chih-Hsing Hung, Chou-Wen Wang, David So-De Shyu

Mergers and capital flight in unionised oligopolies: Is there scope for a “national champion” policy?  
Kjell Erik Lommerud, Frode Meland, Odd Rune Straume

Forecasting exchange rates: The multi-state Markov-switching model with smoothing  
Chunming Yuan

Book Reviews

Marco Buti, Sevaas Deroose, Vitor Gaspar and João Nogueira Martins, Editors, The Euro: The First Decade, Cambridge University Press, Cambridge, New York (2010), p. 1015.  
Peter B. Kenen

Monetary Economics in Globalised Financial Markets, by Ansgar Belke and Thorsten Polleit. 2009 Springer-Verlag (Heidelberg); ISBN: 978-3-540-71002-8.  
Joydeep Bhattacharya

Volume 20, Number 3

Regular Articles

Institutional characteristics and market impediments in Asian capital markets: An introduction
Kam C. Chan, Hung-Gay Fung, Nicholas S.P. Tay

IPO underpricing: A social comparison perspective
Chih-Hsiang Chang

An analysis of Japanese earnings forecast revisions with application to seasoned equity offerings
Gary L. Caton, Justin S.P. Chan, Jeremy Goh, Sheng-Yung Yang

Listings from the emerging economies: An opportunity for reputable stock exchanges
Nicholas S.P. Tay, Reza Oladi

Are social, financial, and human capital value enhancing? Evidence from Taiwanese firms
Shuh-Chyi Doong, Hung-Gay Fung, Jr-Ya Wu

Adverse selection and corporate governance
Charlie Charoenwong, David K. Ding, Vasan Siraprapasiri

Insider trading returns and dividend signals
Louis T.W. Cheng, Wallace N. Davidson III, T.Y. Leung

Modeling the fat tails in Asian stock markets
Jullavut Kittiakarasakun, Yiuman Tse

The impact of sovereign risk on bond duration: Evidence from Asian sovereign bond markets
Hei Wai Lee, Yan Alice Xie, Jot Yau

Determinants of futures contract success: Empirical examinations for the Asian futures markets
Mao-Wei Hung, Bing-Huei Lin, Yu-Chuan Huang, Jian-Hsin Chou

Momentum and reversals in Taiwan index futures returns during periods of extreme trading imbalance
Erin H. Kao

Volume 20, Number 4

Regular Articles

Commodities and financial variables: Analyzing relationships in a changing regime environment
Ramaprasad Bhar, Shawkat Hammoudeh

Predicting foreign exchange movements using historic deviations from PPP
Mei Qiu, John F. Pinfold, Lawrence C. Rose

Eurocurrency interest rate linkages: A frequency domain analysis
Cetin Ciner

The dynamics of market structure and firm-level adjustment to India's pro-market economic liberalizing reforms, 1988–2006: A Time Varying Panel Smooth Transition Regression (TV-PSTR) approach
Nan Geng

Monetary policy announcements and stock price dynamics in a small open economy
Chi-Chur Chao, Shih-Wen Hu, Meng-Yi Tai, Vey Wang

Terrorism and capital markets: The effects of the Madrid and London bomb attacks
Christos Kollias, Stephanos Papadamou, Apostolos Stagiannis

The effects of imperfect auditing on managerial compensation
Angelo Baglioni, Luca Colombo

A welfare analysis of tariffs and equivalent quotas under demand uncertainty: Implications for tariffication
Hung-Yi Chen, Yang-Ming Chang, Jiunn-Rong Chiou

Does corporate board downsizing increase shareholder value? Evidence from Japan
Konari Uchida

Asymmetric output growth effects of government spending: Cross-sectional and panel data evidence
Mahmoud Wahab

Volatility forecasting of exchange rate by quantile regression
Alex YiHou Huang, Sheng-Pen Peng, Fangjhy Li, Ching-Jie Ke

Semivariance decomposition of country-level returns
Steven L. Beach

Herding with costly information and signal extraction
Wan-Ru Yang

Optimal executive compensation: Stock options or restricted stocks
Yan Wendy Wu

Effects of structural changes on the risk characteristics of REIT returns
Pei-Shan Wu, Chien-Ming Huang, Chien-Liang Chiu

The dynamic dependence between the Chinese market and other international stock markets: A time-varying copula approach
Kehluh Wang, Yi-Hsuan Chen, Szu-Wei Huang

Income distribution and exchange in a dynamic search model
Ensar Yilmaz, Burak Ünveren

The term structure of interest rates, the expectations hypothesis and international financial integration: Evidence from Asian economies
Mark J. Holmes, Jesús Otero, Theodore Panagiotidis

Does market misvaluation drive post-acquisition underperformance in stock deals?
Hsuan-Chu Lin, Ting-Kai Chou, Jia-Chi Cheng

An application of a new seasonal unit root test to inflation
Paresh Kumar Narayan, Stephan Popp

Dynamic correlation analysis of financial contagion: Evidence from the Central and Eastern European markets
Manolis N. Syllignakis, Georgios P. Kouretas

Investment banks' stock ratings, call warrant issuance, and responses from heterogeneous investors: Evidence from Taiwan
Chih-Hsiang Chang, Kam C. Chan

Interest rate rules and macroeconomic stability with transaction costs
Wen-ya Chang, Hsueh-fang Tsai, Juin-jen Chang

On the risk premium in Nordic electricity futures prices
Julio J. Lucia, Hipòlit Torró

International diversification and industry-related labor income risk
Carolina Fugazza, Maela Giofré, Giovanna Nicodano

Banks' risk race: A signaling explanation
Damien Besancenot, Radu Vranceanu

To integrate with a high- or low-wage country: That is the question
E. Kwan Choi

The real exchange rate determination: An empirical investigation
Wong Hock Tsen

Emerging dual channel system and manufacturer's direct retail channel strategy
Se-Hak Chun, Byong-Duk Rhee, Seong Y. Park, Jae-Cheol Kim

The determinants of exchange settlement practices and the implication of volatility smile: Evidence from the Taiwan Futures Exchange
Wen-Ming Szu, Ming-Chun Wang, Wan-Ru Yang

Purchasing power parity for fifteen Latin American countries: Stationary test with a Fourier function
Chi-Wei Su, Chang Tsangyao, Hsu-Ling Chang

Book Reviews

A. Panagariya, ,India: The emerging giant (2008) Oxford University Press, 514 pp, US$ 39.95.
Amitrajeet A. Batabyal

Review of Barry Eichengreen, Exorbitant Privilege (2011) Oxford University Press.
Peter B. Kenen

Jagdish Bhagwati, Alan S. Blinder, Offshoring of American Jobs: What Response from U.S. Economic Policy? Edited and with an Introduction by Benjamin M. Friedman,Editors, (2009) The MIT Press,Cambridge, MA $19.95, 141 pages.
Farhad Rassekh

William H. Greene, David A. Hensher, ,Modeling ordered choices: A primer (2010) Cambridge University Press.
Edward C. Norton

Corrigendum to ‘Stock market reaction to dividend announcements: Evidence from the Greek stock market’ 
Apostolos Dasilas, Stergios Leventis


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