Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9290923776
Category : Business & Economics
Languages : en
Pages : 297
Book Description
The two-speed global economy continues to favor emerging Asian markets. After an early year correction, the region's markets are poised to gain on sound fundamentals. The Asia Capital Markets Monitor reviews emerging Asia's stock, bond, and currency markets and assesses their outlook, risks, and policy implications. This issue includes a special section on financial integration and capital flow volatility in emerging Asia: issues and policies.
Asia Capital Markets Monitor
Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9290923776
Category : Business & Economics
Languages : en
Pages : 297
Book Description
The two-speed global economy continues to favor emerging Asian markets. After an early year correction, the region's markets are poised to gain on sound fundamentals. The Asia Capital Markets Monitor reviews emerging Asia's stock, bond, and currency markets and assesses their outlook, risks, and policy implications. This issue includes a special section on financial integration and capital flow volatility in emerging Asia: issues and policies.
Publisher: Asian Development Bank
ISBN: 9290923776
Category : Business & Economics
Languages : en
Pages : 297
Book Description
The two-speed global economy continues to favor emerging Asian markets. After an early year correction, the region's markets are poised to gain on sound fundamentals. The Asia Capital Markets Monitor reviews emerging Asia's stock, bond, and currency markets and assesses their outlook, risks, and policy implications. This issue includes a special section on financial integration and capital flow volatility in emerging Asia: issues and policies.
Asian Capital Market Development and Integration
Author: Asian Development Bank
Publisher: Oxford University Press, USA
ISBN: 9780198099451
Category : Business & Economics
Languages : en
Pages : 0
Book Description
The fiscal crisis in Europe continues to cast a shadow on the global economic outlook, and the securities issued by the United States and European nations are losing their status as traditional safe assets and reserve value. As a result, investors and governments are looking to diversify their investment portfolio with emerging markets, particularly Asian bonds. Such renewed interest has led to excessive capital inflows, making the region increasingly vulnerable to external shocks. However, on the other hand, it leads to abundant liquidity in the capital markets, which reduces financing costs and expands investment opportunities. This book analyses this dilemma and proposes that development of local bond markets and achieving greater market depth and interconnectedness is the best bet to prevent the reoccurrence of a currency crisis like 1997. It thus, assesses the progress achieved thus far in capital market integration in Asia, and compares it with its global peers. The study also assesses the degree to which volatility in equity and bond market returns, driven by financial turmoil originating at both the regional and global levels, spills over into emerging Asia domestic equity and bond markets. The results of this analysis indicate that such spill-over significantly impacts both domestic equity and bond markets in the region. This finding suggests that on-going regional capital market integration initiatives should take into account the risk of contagion that regional financial integration presents, and introduce measures for mitigating such risk as a means of ensuring financial stability in the region.
Publisher: Oxford University Press, USA
ISBN: 9780198099451
Category : Business & Economics
Languages : en
Pages : 0
Book Description
The fiscal crisis in Europe continues to cast a shadow on the global economic outlook, and the securities issued by the United States and European nations are losing their status as traditional safe assets and reserve value. As a result, investors and governments are looking to diversify their investment portfolio with emerging markets, particularly Asian bonds. Such renewed interest has led to excessive capital inflows, making the region increasingly vulnerable to external shocks. However, on the other hand, it leads to abundant liquidity in the capital markets, which reduces financing costs and expands investment opportunities. This book analyses this dilemma and proposes that development of local bond markets and achieving greater market depth and interconnectedness is the best bet to prevent the reoccurrence of a currency crisis like 1997. It thus, assesses the progress achieved thus far in capital market integration in Asia, and compares it with its global peers. The study also assesses the degree to which volatility in equity and bond market returns, driven by financial turmoil originating at both the regional and global levels, spills over into emerging Asia domestic equity and bond markets. The results of this analysis indicate that such spill-over significantly impacts both domestic equity and bond markets in the region. This finding suggests that on-going regional capital market integration initiatives should take into account the risk of contagion that regional financial integration presents, and introduce measures for mitigating such risk as a means of ensuring financial stability in the region.
Asia Capital Markets Monitor
Author: Asian Development Bank
Publisher:
ISBN: 9789290920113
Category : Bond market
Languages : en
Pages : 77
Book Description
Publisher:
ISBN: 9789290920113
Category : Bond market
Languages : en
Pages : 77
Book Description
From Asian to Global Financial Crisis
Author: Andrew Sheng
Publisher: Cambridge University Press
ISBN: 0521118646
Category : Business & Economics
Languages : en
Pages : 505
Book Description
This is a unique insider account of the new world of unfettered finance. The author, an Asian regulator, examines how old mindsets, market fundamentalism, loose monetary policy, carry trade, lax supervision, greed, cronyism, and financial engineering caused both the Asian crisis of the late 1990s and the current global crisis of 2008-2009. This book shows how the Japanese zero interest rate policy to fight deflation helped create the carry trade that generated bubbles in Asia whose effects brought Asian economies down. The study's main purpose is to demonstrate that global finance is so interlinked and interactive that our current tools and institutional structure to deal with critical episodes are completely outdated. The book explains how current financial policies and regulation failed to deal with a global bubble and makes recommendations on what must change.
Publisher: Cambridge University Press
ISBN: 0521118646
Category : Business & Economics
Languages : en
Pages : 505
Book Description
This is a unique insider account of the new world of unfettered finance. The author, an Asian regulator, examines how old mindsets, market fundamentalism, loose monetary policy, carry trade, lax supervision, greed, cronyism, and financial engineering caused both the Asian crisis of the late 1990s and the current global crisis of 2008-2009. This book shows how the Japanese zero interest rate policy to fight deflation helped create the carry trade that generated bubbles in Asia whose effects brought Asian economies down. The study's main purpose is to demonstrate that global finance is so interlinked and interactive that our current tools and institutional structure to deal with critical episodes are completely outdated. The book explains how current financial policies and regulation failed to deal with a global bubble and makes recommendations on what must change.
The Political Economy of International Finance in an Age of Inequality
Author: Gerald A. Epstein
Publisher: Edward Elgar Publishing
ISBN: 1788972635
Category : International finance
Languages : en
Pages : 280
Book Description
The essays in this book describe and analyze the current contours of the international financial system, covering both developed and developing countries, and focusing on the ways in which the current international financial system structures, and is affected by, profound inequalities in the international system. This keen analysis of key topics in international finance takes a heterodox perspective, with focus on the role of inequalities in power in shaping the structure and outcomes in the international sphere.
Publisher: Edward Elgar Publishing
ISBN: 1788972635
Category : International finance
Languages : en
Pages : 280
Book Description
The essays in this book describe and analyze the current contours of the international financial system, covering both developed and developing countries, and focusing on the ways in which the current international financial system structures, and is affected by, profound inequalities in the international system. This keen analysis of key topics in international finance takes a heterodox perspective, with focus on the role of inequalities in power in shaping the structure and outcomes in the international sphere.
OECD Investment Policy Reviews: Malaysia 2013
Author: OECD
Publisher: OECD Publishing
ISBN: 9264194584
Category :
Languages : en
Pages : 290
Book Description
OECD Investment Policy Reviews: Malaysia presents an assessment of the investment climate in Malaysia, including the institutional and legislative framework for investment.
Publisher: OECD Publishing
ISBN: 9264194584
Category :
Languages : en
Pages : 290
Book Description
OECD Investment Policy Reviews: Malaysia presents an assessment of the investment climate in Malaysia, including the institutional and legislative framework for investment.
Local Economic and Employment Development (LEED) Job-rich Growth in Asia Strategies for Local Employment, Skills Development and Social Protection
Author: OECD
Publisher: OECD Publishing
ISBN: 9264110984
Category :
Languages : en
Pages : 122
Book Description
A joint OECD/ILO initiative, this book analyses local approaches in Asia to modernise labour markets and skills strategies and shows how local recovery is taking place through a combination of policy measures on employment creation, skills development and social protection.
Publisher: OECD Publishing
ISBN: 9264110984
Category :
Languages : en
Pages : 122
Book Description
A joint OECD/ILO initiative, this book analyses local approaches in Asia to modernise labour markets and skills strategies and shows how local recovery is taking place through a combination of policy measures on employment creation, skills development and social protection.
Economic Liberalization and Integration in East Asia
Author: Yŏng-chʻŏl Pak
Publisher: Oxford University Press, USA
ISBN: 0199276773
Category : Business & Economics
Languages : en
Pages : 295
Book Description
In this book Park argues for the continuing validity of an 'East Asian' model of economic development that differs distinctly from the Washington Consensus. He argues that, while this model was undermined to some extent by the 1997-98 financial crisis, it remains robust and important in explaining economic events in East Asia.
Publisher: Oxford University Press, USA
ISBN: 0199276773
Category : Business & Economics
Languages : en
Pages : 295
Book Description
In this book Park argues for the continuing validity of an 'East Asian' model of economic development that differs distinctly from the Washington Consensus. He argues that, while this model was undermined to some extent by the 1997-98 financial crisis, it remains robust and important in explaining economic events in East Asia.
Development Effectiveness Review 2009 Report
Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9292547860
Category : Business & Economics
Languages : en
Pages : 158
Book Description
The Development Effectiveness Review Report is the annual corporate performance report of the Asian Development Bank (ADB). It assesses progress in implementing ADB's long-term strategic framework 2008-2020 (Strategy 2020) using specific performance indicators, baselines, and targets presented in ADB's results framework. The review measures ADB's contribution to development in Asia and the Pacific and performance as an organization. It pinpoints areas where ADB has been successful, where challenges remain, and where corrective action is required.
Publisher: Asian Development Bank
ISBN: 9292547860
Category : Business & Economics
Languages : en
Pages : 158
Book Description
The Development Effectiveness Review Report is the annual corporate performance report of the Asian Development Bank (ADB). It assesses progress in implementing ADB's long-term strategic framework 2008-2020 (Strategy 2020) using specific performance indicators, baselines, and targets presented in ADB's results framework. The review measures ADB's contribution to development in Asia and the Pacific and performance as an organization. It pinpoints areas where ADB has been successful, where challenges remain, and where corrective action is required.
The Changing Capital Markets of East Asia
Author: Ky Cao
Publisher: Routledge
ISBN: 1134806159
Category : Business & Economics
Languages : en
Pages : 470
Book Description
In recent years much attention has been given to the unparalleled economic development of East Asia. In The Changing Capital Markets of East Asia the contributors look at the growing sophistication of capital markets in this area and discuss the possible economic and political consequences. The theme of the book is more strategic than technical and
Publisher: Routledge
ISBN: 1134806159
Category : Business & Economics
Languages : en
Pages : 470
Book Description
In recent years much attention has been given to the unparalleled economic development of East Asia. In The Changing Capital Markets of East Asia the contributors look at the growing sophistication of capital markets in this area and discuss the possible economic and political consequences. The theme of the book is more strategic than technical and