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Handbook of Asian Finance - 1st Edition - ISBN: 9780128009826, 9780128011010

Handbook of Asian Finance

1st Edition

Financial Markets and Sovereign Wealth Funds

Editors: David Lee Greg Gregoriou
Hardcover ISBN: 9780128009826
eBook ISBN: 9780128011010
Imprint: Academic Press
Published Date: 12th May 2014
Page Count: 416
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Asia's miraculous recovery from the 1997 crisis ushered in unexpected transformations to its economies and financial sectors. The reasons many Asian countries are growing above 6%, with double-digit growth for a year or two in-between, are investigated by this extensive research collection. The Handbook of Asian Finance covers the most interesting issues raised by these growth rates. From real estate prices and the effects of trading technologies for practitioners to tax evasion, market manipulation, and corporate governance issues, expert scholars analyze the ways that the region is performing. Offering broader and deeper coverage than other handbooks, the Handbook of Asian Finance explains what is going on in Asia today.

Key Features

  • Devotes significant attention to the systematic risk created by banks’ exposure to links between real estate and other sectors
  • Explores the implications implicit in the expansion of sovereign funds and the growth of the hedge fund and real estate fund management industries
  • Investigates the innovations in technology that have ushered in faster capital flow and larger trading volumes


Undergraduates, graduate students, and professionals working in all aspects of Asian financial markets, institutions, and pan-Asian financial issues.

Table of Contents


1. Risk Ratings in Asian Banks. Edward H.K. Ng

2. Private Wealth Management in Asia. David R. Meyer

3. The Banking Networks of Asian Financial Centers. David R. Meyer

4. Dynamics of House Price and Bank Lending in Korea. Heeho Kim and Saewoon Park

5. The Effect of Bank Mergers on Shareholder Value and Performance in Japan. Heather Montgomery and Yuki Takahashi

6. A Regime-switching Analysis of Asian Bank Stocks. Kin-Yip Ho, Yanlin Shi and Zhaoyong Zhang

7. Default Prediction with Automatically Predictor Selection on Southeast Asian Industry. Wolfgang Karl Hardle and Dedy Dwi Prastyo

8. A Demand for International Reserve and Monetary Disequilibrium: Evidence from Emerging Asia


9. Singapore’s Financial Markets: Challenges, Future and Prospects. David Lee and Kok Fai Phoon

10. Wealth Management- A Comparison of Switzerland, Singapore and Hong Kong. Francis Koh and Peggan Tan

11. Asian Market Reactions to US Macroeconomic News Surprises. Helena Chulia and Natalia Valls

12. Monetary Policy in Taiwan: the Implications of Liquidity. Logan Kelly, Jane Binner, Chia-Ling Chang, and Yi-Heng Tseng

13. Comparative Financial Development in Asia-Pacific since the Asia Crisis. Kym Brown, Jonathan A. Batten, Michael Skully and Yen N. Nguyen

14. Does Asia Really Have Poorer Governance?: Evidence from International Variations in Self-Dealing Transparency. Raj Aggarwal and John W. Goodell

15. Attitudes Toward Tax Evasion in Korea: A Study in Public Finance. Robert W. McGee and Yeomin Yoon

16. Attitudes toward Accepting a Bribe: A Comparative Study of the Peoples’ Republic of China, Taiwan and Hong Kong. Robert W. McGee


17. The Emergence of Sovereign Wealth Funds in Asia. Donghyun Park and Gemma Esther B. Estrada

18. China Investment Corporation: China’s Sovereign Wealth Fund. Yuwei Hu

19. Portfolio Allocation Dynamics of China Investment Corporation in the Aftermath of the Global Financial Crisis of 2007-2009. Tayyeb Shabbir

20. Sovereign Wealth Funds in East Asia: An Update of their Recent Developments. Kin-Yip Ho and Zhaoyong Zhang


No. of pages:
© Academic Press 2014
12th May 2014
Academic Press
Hardcover ISBN:
eBook ISBN:

About the Editors

David Lee

David Lee

Prof David LEE Kuo Chuen, founder of several companies including California based Left Coast and Singapore’s Ferrell Group. He is a non-executive director of two listed companies. He is the founding investor in ZCash, Qtum and a few other blockchain companies. He is an advisor to Financial Inclusion Institute, and was the Director of the Sim Kee Boon Institute for Financial Economics at Singapore Management University. He graduated with BSc, MSc and PhD from the London School of Economics and Political Science. He was the Group Managing Director of OUE and Auric Pacific. He founded and managed one of the most successful hedge funds in 1998 for property investment in Asia with several commercial buildings and more than 100 units of residential units. He founded Premium Land and was the property developer for Ferrell Residences, a high-end 24th story residential building in 2006. His operation and managing experience includes F&B, manufacturing, hospitality, hedge funds, stockbrokering, property management, property development, REITs, medical plastic components, listing and de-listing of companies, start-ups and multinationals. He is the editor and an author of the American Library Association Outstanding Award Reference Book titled “Digital Currency” by Elsevier and the LASIC model for scalable technology companies. He has been nominated by Internal Consulting Group as a Global Thought Leader for Fintech and Blockchain.

Affiliations and Expertise

Visiting Fulbright Scholar (2015) at Stanford University and Professor for Fintech and Blockchain, SUSS

Greg Gregoriou

Greg Gregoriou

A native of Montreal, Professor Greg N. Gregoriou obtained his joint Ph.D. in finance at the University of Quebec at Montreal which merges the resources of Montreal's four major universities McGill, Concordia, UQAM and HEC. Professor Gregoriou is Professor of Finance at State University of New York (Plattsburgh) and has taught a variety of finance courses such as Alternative Investments, International Finance, Money and Capital Markets, Portfolio Management, and Corporate Finance. He has also lectured at the University of Vermont, Universidad de Navarra and at the University of Quebec at Montreal.

Professor Gregoriou has published 50 books, 65 refereed publications in peer-reviewed journals and 24 book chapters since his arrival at SUNY Plattsburgh in August 2003. Professor Gregoriou's books have been published by McGraw-Hill, John Wiley & Sons, Elsevier-Butterworth/Heinemann, Taylor and Francis/CRC Press, Palgrave-MacMillan and Risk Books. Four of his books have been translated into Chinese and Russian. His academic articles have appeared in well-known peer-reviewed journals such as the Review of Asset Pricing Studies, Journal of Portfolio Management, Journal of Futures Markets, European Journal of Operational Research, Annals of Operations Research, Computers and Operations Research, etc.

Professor Gregoriou is the derivatives editor and editorial board member for the Journal of Asset Management as well as editorial board member for the Journal of Wealth Management, the Journal of Risk Management in Financial Institutions, Market Integrity, IEB International Journal of Finance, and the Brazilian Business Review. Professor Gregoriou's interests focus on hedge funds, funds of funds, commodity trading advisors, managed futures, venture capital and private equity. He has also been quoted several times in the New York Times, Barron's, the Financial Times of London, Le Temps (Geneva), Les Echos (Paris) and L'Observateur de Monaco. He has done consulting work for numerous clients and investment firms in Montreal. He is a part-time lecturer in finance at McGill University, an advisory member of the Markets and Services Research Centre at Edith Cowan University in Joondalup (Australia), a senior advisor to the Ferrell Asset Management Group in Singapore and a research associate with the University of Quebec at Montreal's CDP Capital Chair in Portfolio Management. He is on the advisory board of the Research Center for Operations and Productivity Management at the University of Science and Technology (Management School) in Hefei, Anhui, China.

Affiliations and Expertise

School of Business and Economics, State University of New York, Plattsburgh, NY, USA


"The just published edited volume gives a broad insight into the Asian financial markets...The book provides many empirical results and is a good source of information for potential investors in the Asian region." --Absolut Report, April 2014

"The Handbooks of Asian Finance provide expert insight and comprehensive analysis of some of the key issues in Asia’s financial markets and institutions. This is a highly recommended resource for business students, policy-makers, professionals, and industry practitioners." --Stephen Riady, OUE Limited

"These Handbooks of Asian Finance offer an excellent overview of the problems and issues faced by regulators and financial institutions. They provide sufficiently robust analysis and useful practical insights over a wide range of subjects and should be of immense value to those who are interested in Asian finance especially in the East Asian economies." --Lim Chee Onn, Singbridge Pte Ltd

"Lee and Gregoriou have put out a useful and topical guide on the rapidly evolving Asian financial landscape, post-crisis. Wide-ranging. In-depth. Practical." --Raymond Lim, APS Asset Management and former Second Minister of Finance in Singapore

"Following the Asian financial crisis (1997-98), the Asian economies and financial sectors underwent a far-reaching restructuring and transformation. The much-needed Handbooks of Asian Finance are an attempt to deal with them in an in-depth manner. They cover all aspects of Asian financial markets, institutions and pan-Asian financial issues in a lucid and comprehensive way. I have no qualms in recommending them to interested undergraduate and graduate students." --Dilip K. Das, Woosong University

"A coherent and comprehensive document embracing an impressive number of timely and topical issues on Asian Finance. A major handbook for students, professors and  professionals worldwide interested in the fast-growing Asian financial systems. Each section is written by highly qualified experts in their respective fields." --Amine Tarazi, Université de Limoges

"The Handbooks of Asian Finance provide a clear and careful analysis of the issues concerning financial markets in Asia. They consitute a 'must' for practitionners, advanced students, and academic specialists in this field. Many thanks to the editors for this great job." --Bertrand Candelon, Maastricht University

"The Handbooks of Asian Finance cover REITs, trading, fund performance, financial markets, and sovereign wealth funds. They are comprehensive and useful for both academics and practitioners who seek to improve their knowledge about finance in Asia." --Cheng-Few Lee, Rutgers University

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