Asian Economics Letters

In this note, we propose the hypothesis that COVID-19 has influenced the Yen-US dollar exchange rate’s resistance to shocks. We propose a time varying unit root model and unravel that

In this paper, we examine the potential of the Asia-Pacific Islamic stock market to serve as a good hedge against uncertainty due to pandemics and epidemics (UPE). Relying on a

Using panel data from 30 Chinese provinces (excluding Tibet, Hong Kong, Macao, and Taiwan) over the 2006 to 2016 period, this research analyzes the impact of private investment on natural

This study investigates whether economic policy uncertainty affects corporate innovation. Using a sample of Chinese listed firms during the period of 2007-2017, this paper finds that economic policy uncertainty is

This paper investigates the time-varying interaction between tourist arrivals (TA) and unemployment rate (UE) in Hong Kong. We find that TA negatively influence UE, implying that lack of tourism hurts

With the emergence of information communication technology, the role of internet development has become crucial for energy intensity. This study uses the spatial Durbin model to test the impact of

This paper provides a note on commonality in volatility for five developed Asian economies, namely Hong Kong, Japan, Russia, Singapore and South Korea. Additionally, we examine whether the COVID-19 pandemic

In this note, we utilize hourly exchange rate data for Japanese Yen, Canadian dollar, European Euro and the British pound to search for possible bubble type behavior. We identify evidence

We examine the impact of the novel coronavirus (COVID-19) pandemic on economic policy uncertainty (EPU) in five leading Asian economies, namely China, India, Japan, Korea, and Singapore. We find that

In this note, we examine the impact that the COVID-19 crisis may have on the Asian stock markets by examining the statistical properties of three financial markets in Asia: namely,

This paper examines the causality relation between stock returns and foreign portfolio (FPI) flows in the Indian context during the COVID-19 pandemic. Using daily data and the Toda and Yamamoto

This study explores the effects of demographic, socio-economic, and public-response factors on the incidence of new COVID-19 cases for the 10 countries with the greatest number of confirmed cases. Results

In this paper, we examine the relationship between Japanese Yen (vis-à-vis the US dollar) and the crude oil futures price. The novelty is that we use high frequency (intraday hourly)

We estimate the impact of COVID-19 on domestic credit in China over the period January 01, 2020 to June 30, 2020. Our findings show that an increase in COVID-19 confirmed

Using an event study approach, this paper investigates the impact of the coronavirus pandemic (COVID-19) on the consumer industry in the Chinese stock market. We find that stocks belonging to

In this paper, the dynamic CoVaR method is used to measure changes in systemic risk in the financial industry during the COVID-19 pandemic. We find that, first, after the outbreak

This paper examines the impact of the COVID-19 pandemic on remittance inflows to Samoa. The study finds that COVID-19 has led to increased remittance inflows to Samoa from Australia and

This paper uses a fixed effect model to empirically study the impact of COVID-19 on the innovative ability of listed companies in China. We find that the innovative abilities of

We study the impact of COVID-19 and various government interventions on the stock market returns of 20 OECD countries from February 1, 2020 to October 1, 2020. We find that

In this note, we examine whether the volatility predictive power of investor sentiment for currencies and commodities is sensitive to the COVID-19 pandemic. The Credit Suisse Fear Barometer (CSFB) and

In this paper, we assume that the COVID-19 pandemic exerts a time-varying asymmetric impact on the RMB exchange rate. Based on the Taylor rule model, we examine the RMB exchange

We investigate the relationship between product market competition (measured by textual analysis of annual reports) and Research and Development (R&D) investment of China’s listed firms. Empirical results show that competition

Using the difference-in-differences method, this study investigates the impact of bank lending intervention on firm innovation. We find that bank lending intervention significantly hampers R&D investment of firms in overcapacity

This paper investigates the asymmetric relationship between COVID-19 and fossil energy prices through bootstrap Fourier Granger Causality test in quantiles. The empirical results indicate that COVID-19 influences oil and natural

In this note, we examine the predictability of the energy stock markets using the diseases-based uncertainty index within a nonparametric framework. The nonparametric causality test reveals that energy stocks’ predictability

This paper investigates the relation between retail investors’ flows and returns during the COVID-19 pandemic in the Chinese market using the VAR model.

This paper examines the linear and nonlinear relationship between daily confirmed COVID-19 cases and sectoral stock market volatility in India.

Based on a sample of panel data for 14 countries spanning the period 2000-2018, this paper investigates the effect of pandemics on government expenditure and public health expenditure.

In the context of a severely volatile global financial market in 2020, the Ren Min Bi (RMB) has also experienced dramatic fluctuations.

This paper analyzes socially optimal shares of output invested in research and development (R&D), education and physical capital to sustain China's economic growth as population growth slows.

The multitude of papers exploring the effects of the COVID-19 pandemic over the last 12 months has motivated us to develop new, alternative measures of COVID-19.

With increasing COVID-19 cases and instability of many financial markets, we examine the role of uncertainty due to infectious diseases in influencing volatility connectedness among Asian REITs market.

We investigate the effect of the COVID-19 pandemic on energy production in 30 Chinese provinces.

Using time-series data for 19 countries, we examine whether market connectedness (measured by market returns and volatility) increased over time because of the global financial crisis and the COVID-19 pandemic.

We examine the connection between global economic policy uncertainty (GEPU) and the dynamic spillovers of the Asia-Pacific manufacturing market within a nonparametric framework.

This study aims to explore whether house prices have an asymmetrical threshold effect on the birth rate in China.

This special issue of the Asian Economics Letters (AEL) contains papers on forecasting of Asian financial markets.

In this paper, we examine the predictive content of uncertainty due to pandemics and epidemics (UPE) for the exchange rate movements of selected Asian economies.

This study investigates the response of Chinese stock returns to oil prices amidst the COVID-19 pandemic using both linear and nonlinear autoregressive distributed lag (ARDL) models.

We present novel evidence to show that tail (market) risk, measured as the conditional autoregressive value at risk, is a good predictor of Asia-Pacific exchange rates.

We examine the predictability of fifteen major stocks in the Asia-Pacific region using conditional autoregressive value at risk (CAViaR) model estimates of tail risks.

In this study, we examine the potential of South Korean stocks to hedge against global and country-specific geopolitical risks

In this paper, the predictive value of geopolitical risk (GPR) for the return volatility of Islamic stocks in Indonesia and Malaysia is examined.

This study undertakes a systematic literature review on recent developments in unit root tests.

This study investigates the behavior of stock prices to identify the speed of adjustment of stock returns in response to dividend declarations in the case of Pakistan stock market.

This article studies whether there is a bubble in the price of medical masks, especially considering the COVID-19 pandemic.

This study examines the asymmetric effects of positive and negative changes in media attention to COVID-19 and daily new confirmed COVID-19 cases on China’s stock market volatility.

This paper analyzes the differential impact of COVID-19 by occupation in Mansa, Punjab, India.

This paper investigates how governance and the Global Financial Crisis (GFC) affect cash management.

The omission of the asset value of life insurance policies in computing household assets would underestimate household wealth and therefore bias measures of wealth inequality.

This paper tests regime changes of the conditional dependence between Asia-Pacific Islamic stocks and gold.

This paper compares the effects of the economic convergence levels of the two mega-regional cooperative efforts of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and the Regional Comprehensive Economic-Partnership.

This study investigates the determinants of outward foreign direct investment (OFDI) for eight emerging Asian source countries vis-à-vis 107 host countries from 2009 to 2016.

In this paper, we conduct a meta-analysis using 1429 estimates extracted from 61 English and Chinese studies to estimate the wage effect of secondary and tertiary education in China.

This study exploits twin births to identify the effects of fertility on parental labor supply in rural northwestern China.

Special Issue on COVID-19 and Its Impact on Asian Economies

The study compares the world trade network among the top merchandise trading countries before and during the COVID-19 pandemic.

This study analyzes the impact of COVID-19 on Malaysia’s bilateral export in three categories of goods.

In this study, we examine the influence of COVID-19 cases in India on the country’s sectoral stock indices.

This paper investigates the impact of unconventional monetary policy on stock returns using the Reserve Bank of India’s long-term repo operations (LTROs).

This paper systematically analyze corporate responses during the lockdown period and argue that corporate resilience through proactive responses played a key role in this recovery.

We study the social impact of the COVID-19 pandemic and the coping strategies adopted by left-behind households comprising both internal and international migrants in Kerala, India.

In an attempt to mitigate the effects of COVID-19, the Malaysian government imposed the Movement Control Order (MCO).

This study uses a fractional integration method to evaluate the efficiency of cryptocurrencies before and after the period COVID-19 had been announced as being a pandemic.

This paper aims to investigate the COVID-19 pandemic’s impact on the banking sector in Indonesia between 2011 and 2020.

This study explores the transmission of various policy uncertainty shocks—such as financial market uncertainty, macroeconomic policy uncertainty, and anthropogenic uncertainty to Asia-Pacific country stock returns.

This paper empirically examines an important research question of whether changes in bank competition have influenced the profitability pattern of Indian banking.

To understand and address the issue of how political party disagreement affects the dynamics of fiscal policy.

This study analyses the impact of inflation expectations from 17 July 2016 to 20 August 2022 using the actual future consumer price index (CPI).

Using data envelopment analysis, this paper investigates the technical efficiency of rural cooperative banks in India from 2013 to 2019.

This study investigates the effect of capacity building for innovation through research and development (R&D) investment and training on innovation performance.

This paper examined the impact of the lockdown and opening-up of India during the COVID-19 pandemic on eleven Indian stock market indices.

We investigate the extent to which the United States (US) bond yield affects foreign institutional investor (FII) inflows and the performance of the Indian stock market.

Time-series and time frequency domain analyses were used to examine the impact of mobility in ASEAN-5 stock markets.