Finance & Economics Readings Selected Papers from Asia-Pacific C
This book is a compilation of the best papers presented at the 2017 installment of the Asia-Pacific Conference on Economics & Finance (APEF), which is held annually in Singapore. With a great number of submissions, it presents the latest researc
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nce & Economics Readings Selected Papers from Asia-Pacific Conference on Economics & Finance, 2017
Finance & Economics Readings
Lee-Ming Tan Evan Lau Poh Hock Chor Foon Tang •
Editors
Finance & Economics Readings Selected Papers from Asia-Pacific Conference on Economics & Finance, 2017
123
Editors Lee-Ming Tan Conference East Asia Research Singapore Singapore
Chor Foon Tang Centre for Policy Research and International Studies Universiti Sains Malaysia Penang Malaysia
Evan Lau Poh Hock Faculty of Economics and Business Universiti Malaysia Sarawak Kuching Malaysia
ISBN 978-981-10-8146-0 ISBN 978-981-10-8147-7 https://doi.org/10.1007/978-981-10-8147-7
(eBook)
Library of Congress Control Number: 2017964445 © Springer Nature Singapore Pte Ltd. 2018 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Printed on acid-free paper This Springer imprint is published by Springer Nature The registered company is Springer Nature Singapore Pte Ltd. The registered company address is: 152 Beach Road, #21-01/04 Gateway East, Singapore 189721, Singapore
Preface
The 2017 Asia-Pacific Conference on Economics & Finance (APEF 2017), organized by East Asia Research and supported by BEFfore from Universiti Malaysia Sarawak, was held on the 27th and 28th July 2017 in Singapore at the Holiday Inn Singapore Atrium. APEF 2017 conference looks at the worrying changes and slowdown amid continued uncertainty in Asian financial markets and economies. What are the effects from Xi Jinping and Premier Li Keqiang led economics measure of shifting away from the once sacred economic policy of rapid economic growth? Is Abenomics the solution to Japan’s problem of disinflation and low growth? APEF 2017 achieved the objective of bringing together leading scholars, students and practitioners from overseas to Singapore for an academic exchange. The programme consisted of an opening speech by Dr. Eva
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