The aim of this article is to investigate the dynamic correlation between the Global Economic Policy Uncertainty index (GEPU) and Non-Performing Loans (NPL) in Iran. The relationship between economic uncertainty and banking performance indices is significant because of the systemic importance of banks in every economy. We evaluated this relationship in this developing country, especially under ...

In recent years, foreign direct investment (FDI) in Japan has jumped to unprecedented levels. This paper examines the underlying reasons, looking at both the international factors – the global boom in FDI and mergers & acquisitions (M&A) during 1998–2000 – and domestic regulatory, structural and other changes. It is argued that while domestic changes created the necessary conditions for Japan t...

The Asia Pacific region, and especially East Asia, has experienced rapid economic integration without the ‘hard politics’ of legally binding economic and political treaties, unlike Europe where integration has been institution-led. The ‘soft politics’ and market-led integration in East Asia set against a background of political tensions and rivalries in key relationships in the region. The pape...

M ERCHANDISE trade is by far the best documented aspect of international economic relations. Trade data therefore offer a rich source of information on patterns and shifts in the allocation of economic activity around the globe. In this paper I describe global merchandise trade flows through the lens of intra-industry trade (IIT) indices, which quantify the extent to which bilateral imports and...

Asian economies and China as major economic actors in terms of both regional and global economy are in the process of economic stagnation for now. Therefore, it is expected a sharp decrease in energy demand –that has continued since 1990sof Asian economies which will be directly affected by export and investment flows. In this context, first of all, the literature on the relation between econom...

As financial globalisation has proceeded since 1980, economic performance and living conditions in the developing world have been shaped more and more by international financial markets and official financing flows. These in turn are a product of the global financial system, which is largely shaped by decisions taken in the IMF. At the national level, economic and social policies are both influ...