The banking and finance sectors are relevant shares of modern economies and indeed drivers of growth in emerging economies. The majority of existing economic and finance textbooks focus on concepts and theories with briefly exposited real-world examples for illustration. This book, which collects chapters that are the contributions of the acknowledged experts in their fields, fills this gap by featuring in-depth analyses on prominent real-world topics in banking and finance. The book’s applications of econometrics present insightful perspectives on the recent development of banking issues, stock market contagion, the impact of internet technology (IT) on stock markets, financial innovation and technology firms, and an international perspective on the loan puzzle and interest rate adjustment in emerging markets. In addition to exhaustive case studies on banking and finance in India, Hong Kong, Japan, and other Asian emerging markets, the authors coherently contribute an intellectual advancement of contemporary issues in banking and finance literature. The authors offer an essential reading and source of reference for postgraduate and advanced undergraduate courses in economics and finance.

This volume brings together 11 chapters on banking and finance issues in emerging markets, with a focus on Asia. Economics, finance, and other scholars from Asia, the UK, and the US examine economic and exchange rate integration among the ASEAN-5 (Association of Southeast Asian Nations), including Indonesia, the Philippines, Malaysia, Singapore, and Thailand; the macroeconomic effects of renminbi internationalization; the dynamic connectedness in emerging Asian equity markets; the significance of real and financial links in instigating stock market contagion; deposit rate asymmetry and Edgeworth cycles after Hong Kong's interest rate deregulation; the international banking crisis and problems in India; the loan puzzle in emerging markets; Japanese banks' overseas investments in emerging markets; the role of financial technology and disrupting the existing traditional banking system; acceptance of financial technology in Thailand in terms of algorithm trading; and financial innovation and technology firms. -- Annotation ©2018 * (protoview.com) *
The book edited by William A. Barnett and Bruno S. Sergi is well embedded in international literature on banking and financial issues related to the realities of the emerging markets. The author uses multiple and diversified sources of information, including monographs, academic journals, publications and reports issues by central banks, other financial institutions, consultancies etc... the monograph under review is an interesting and valuable theoretical-empirical study, well rooted in the topical literature. I would highly recommend the book edited by William A. Barnett and Bruno S. Sergi to all scholars as well as managers and business people interested in banking and finance in emerging markets. -- Bogdan Mróz * Modern Management Review, vol. 25 *

William A. Barnett – is the Oswald Distinguished Professor of Macroeconomics at the University of Kansas, Director of the Center for Financial Stability in New York City, President of the Society for Economic Measurement, and Editor of the Cambridge University Press journal, Macroeconomic Dynamics. His book, Getting It Wrong: How Faulty Monetary Statistics Undermine the Fed, the Financial System, and the Economy, published by MIT Press, won the American Publishers Award for Professional and Scholarly Excellence for the best book published in economics during 2012. With Nobel Laureate Paul Samuelson, he also coauthored the book, Inside the Economist’s Mind, translated into seven languages. Bruno S. Sergi – is a teacher and scholar whose area of research interest centers on the emerging markets. At Harvard University he is an instructor on the economics of emerging markets and the political economy of Russia and China, an Associate of the Davis Center for Russian and Eurasian Studies, and a Faculty Affiliate in the Institute for Quantitative Social Science. In addition, he teaches international economics at the University of Messina, is an Associate Editor of The American Economist (an official publication of Omicron Delta Epsilon, The International Honor Society in Economics), and a co-founder and Scientific Director of the International Center for Emerging Markets in Moscow. He is the author and/or coauthor of several books and over 150 scholarly papers.