Download or read book Three Essays on Information and Communication Technology and Financial Globalization written by Kwan Wai Ko and published by . This book was released on 2006 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The third essay looks at ten Asian economies committed to ICT development and financial integration, and presents evidence on whether or not they have experienced greater output fluctuations from 1980 to 2003. A two-country dynamic general equilibrium model is used and ICT is assumed to increase the volume and speed of capital flows. This study's model predicts that economies with a high ICT development or/and a high degree of financial integration exhibit greater output fluctuations in the face of monetary policy shocks, but lower output fluctuations in the face of fiscal policy shocks. The empirical findings estimated by using the panel vector autoregression approach support these predictions." --