The Japanese government has proposed the concept of an East Asian Community. Unfortunately however, up to this point no concrete policy has been established indicating how to proceed with efforts towards the establishment of such a community. The question of what types of economic relationships to establish with the other nations of East Asia1 has been a major issue for Japan. What types of rel...

The paper aims to study the growth and evolution of finance, as well how finance theories aids investors in decision-making. traditional model's perfect mobility rationality fail predict economic events, dot-com bubble, European debt crisis. These disasters provide foundation for development behavioral finance. Psychology are merged into It defies financial premise. field provides unique insigh...

In countries with well functioning credit markets, increases in financial activity often take the form of financial engineering. We use a structural framework to characterize and quantify the connection between financial engineering activities and economic development. In our model, producers split the stochastic cash flows they generate to create securities that appeal to investors with hetero...

The present paper utilises a short-run theoretical macroeconomic model of a small open economy to look at the impact of macroeconomic policies and financial deepening upon poverty through sectoral changes. This is because an expansion in certain sectors may cause greater poverty reduction. The model involves a non-traded and a traded sector on the formal side of the economy. The former is more ...