Author: C. Randall Henning
Publisher: Peterson Institute for International Economics
ISBN:
Category : Business & Economics
Languages : en
Pages : 148
Book Description
This study examines the case for and against regional financial arrangements in East Asia, describes the Chiang Mai Initiative, compares it to financial arrangements in other regions. It speaks specifically to the concerns of American, European and multilateral organizations, assessing the pros and cons for the global system of such regional financial arrangements.
East Asian Financial Cooperation
Author: C. Randall Henning
Publisher: Peterson Institute for International Economics
ISBN:
Category : Business & Economics
Languages : en
Pages : 148
Book Description
This study examines the case for and against regional financial arrangements in East Asia, describes the Chiang Mai Initiative, compares it to financial arrangements in other regions. It speaks specifically to the concerns of American, European and multilateral organizations, assessing the pros and cons for the global system of such regional financial arrangements.
Publisher: Peterson Institute for International Economics
ISBN:
Category : Business & Economics
Languages : en
Pages : 148
Book Description
This study examines the case for and against regional financial arrangements in East Asia, describes the Chiang Mai Initiative, compares it to financial arrangements in other regions. It speaks specifically to the concerns of American, European and multilateral organizations, assessing the pros and cons for the global system of such regional financial arrangements.
Fostering Monetary And Financial Cooperation In East Asia
Author: Barry Eichengreen
Publisher: World Scientific
ISBN: 9814468185
Category : Business & Economics
Languages : en
Pages : 190
Book Description
Since the Asian financial crisis of 1997-1998, there has been a deep and abiding desire on the part of Asian policy makers and opinion makers to enhance the region's economic, monetary and financial self-sufficiency — or at least to ring-fence the region against financial instability and give it a louder voice in global financial affairs. There has been progress in these directions, notably in the form of the Chiang Mai Initiative of financial supports and the Asian Bond Market Initiative to build a single Asian financial market. But progress is hindered by disagreements among the principal national governments — Japan, China and South Korea — and resistance to the development of an Asian bloc from both Europe and the United States.This volume considers these issues from a number of different national and analytical perspectives. Scholars from all the relevant regions and countries are represented: Japan, China, Korea, Europe and the United States. While there have been a few previous books and articles concerned with the issue of Asian integration, this is one of the first volumes to successfully draw together top contributors from these different countries and regions to address the issues in a rigorous but relatively accessible way.
Publisher: World Scientific
ISBN: 9814468185
Category : Business & Economics
Languages : en
Pages : 190
Book Description
Since the Asian financial crisis of 1997-1998, there has been a deep and abiding desire on the part of Asian policy makers and opinion makers to enhance the region's economic, monetary and financial self-sufficiency — or at least to ring-fence the region against financial instability and give it a louder voice in global financial affairs. There has been progress in these directions, notably in the form of the Chiang Mai Initiative of financial supports and the Asian Bond Market Initiative to build a single Asian financial market. But progress is hindered by disagreements among the principal national governments — Japan, China and South Korea — and resistance to the development of an Asian bloc from both Europe and the United States.This volume considers these issues from a number of different national and analytical perspectives. Scholars from all the relevant regions and countries are represented: Japan, China, Korea, Europe and the United States. While there have been a few previous books and articles concerned with the issue of Asian integration, this is one of the first volumes to successfully draw together top contributors from these different countries and regions to address the issues in a rigorous but relatively accessible way.
Prospects for Monetary Cooperation and Integration in East Asia
Author: Ulrich Volz
Publisher: MIT Press
ISBN: 0262013991
Category : East Asia
Languages : en
Pages : 339
Book Description
East Asian countries were notably uninterested in regional monetary integration until the late 1990's, when the Asian financial crisis revealed the fragility of the region's exchange rate arrangements and highlighted the need for a stronger regional financial architecture. Since then, the countries of East Asia have begun taking steps to explore monetary and financial cooperation, establishing such initiatives as regular consultations among finance ministers and central bank governors and the pooling of foreign exchange reserves. In this book Ulrich Volz investigates the prospects for monetary cooperation and integration in East Asia, using state-of-the-art theoretical and empirical tools to analyze the most promising policy options. --
Publisher: MIT Press
ISBN: 0262013991
Category : East Asia
Languages : en
Pages : 339
Book Description
East Asian countries were notably uninterested in regional monetary integration until the late 1990's, when the Asian financial crisis revealed the fragility of the region's exchange rate arrangements and highlighted the need for a stronger regional financial architecture. Since then, the countries of East Asia have begun taking steps to explore monetary and financial cooperation, establishing such initiatives as regular consultations among finance ministers and central bank governors and the pooling of foreign exchange reserves. In this book Ulrich Volz investigates the prospects for monetary cooperation and integration in East Asia, using state-of-the-art theoretical and empirical tools to analyze the most promising policy options. --
Early Warning Systems for Financial Crises
Author: Asian Development Bank
Publisher: Springer
ISBN: 0230501060
Category : Business & Economics
Languages : en
Pages : 164
Book Description
Since the 1997 Asian financial crisis, East Asia has implemented a number of initiatives designed to strengthen monetary and financial cooperation, bolstering the region's resilience to economic and financial vulnerabilities. One such initiative is the ASEAN+3 Information Exchange and Policy Dialogue, which includes development of early warning systems (EWS) for financial crises. This book examines efforts to develop EWS models. Specifically, the book analyzes the current understanding of the causes of currency and banking crises, describes recent progress in developing and applying EWS models for currency and banking crises, reviews methodolgical issues, assesses the predictive power of EWS models and also highlights areas where further research is required to make these models more effective tools for policy analysis. The case studies apply both parametric and nonparametric approaches to EWS modleing using data from six East Asian countries.
Publisher: Springer
ISBN: 0230501060
Category : Business & Economics
Languages : en
Pages : 164
Book Description
Since the 1997 Asian financial crisis, East Asia has implemented a number of initiatives designed to strengthen monetary and financial cooperation, bolstering the region's resilience to economic and financial vulnerabilities. One such initiative is the ASEAN+3 Information Exchange and Policy Dialogue, which includes development of early warning systems (EWS) for financial crises. This book examines efforts to develop EWS models. Specifically, the book analyzes the current understanding of the causes of currency and banking crises, describes recent progress in developing and applying EWS models for currency and banking crises, reviews methodolgical issues, assesses the predictive power of EWS models and also highlights areas where further research is required to make these models more effective tools for policy analysis. The case studies apply both parametric and nonparametric approaches to EWS modleing using data from six East Asian countries.
Two Crises, Different Outcomes
Author: T. J. Pempel
Publisher: Cornell University Press
ISBN: 0801455014
Category : Political Science
Languages : en
Pages : 280
Book Description
Two Crises, Different Outcomes examines East Asian policy reactions to the two major crises of the last fifteen years: the global financial crisis of 2008–9 and the Asian financial crisis of 1997–98. The calamity of the late 1990s saw a massive meltdown concentrated in East Asia. In stark contrast, East Asia avoided the worst effects of the Lehman Brothers collapse, incurring relatively little damage when compared to the financial devastation unleashed on North America and Europe. Much had changed across the intervening decade, not least that China rather than Japan had become the locomotive of regional growth, and that the East Asian economies had taken numerous steps to buffer their financial structures and regulatory regimes. This time Asia avoided disaster; it bounced back quickly after the initial hit and has been growing in a resilient fashion ever since. The authors of this book explain how the earlier financial crisis affected Asian economies, why government reactions differed so widely during that crisis, and how Asian economies weathered the Great Recession. Drawing on a mixture of single-country expertise and comparative analysis, they conclude by assessing the long-term prospects that Asian countries will continue their recent success.
Publisher: Cornell University Press
ISBN: 0801455014
Category : Political Science
Languages : en
Pages : 280
Book Description
Two Crises, Different Outcomes examines East Asian policy reactions to the two major crises of the last fifteen years: the global financial crisis of 2008–9 and the Asian financial crisis of 1997–98. The calamity of the late 1990s saw a massive meltdown concentrated in East Asia. In stark contrast, East Asia avoided the worst effects of the Lehman Brothers collapse, incurring relatively little damage when compared to the financial devastation unleashed on North America and Europe. Much had changed across the intervening decade, not least that China rather than Japan had become the locomotive of regional growth, and that the East Asian economies had taken numerous steps to buffer their financial structures and regulatory regimes. This time Asia avoided disaster; it bounced back quickly after the initial hit and has been growing in a resilient fashion ever since. The authors of this book explain how the earlier financial crisis affected Asian economies, why government reactions differed so widely during that crisis, and how Asian economies weathered the Great Recession. Drawing on a mixture of single-country expertise and comparative analysis, they conclude by assessing the long-term prospects that Asian countries will continue their recent success.
On East Asian Regional Cooperation
Author: Yunling Zhang
Publisher:
ISBN: 9780815383062
Category : East Asia
Languages : en
Pages : 0
Book Description
The book intends to locate the process and effectiveness of cooperation in East Asia, to regard the construction of the East Asian community as the ideal, to see the contradictions and difficulties in construction as the reality, and to identify the actual development and achievement as the choice and effort between the two. Instead of the East Asian Community, various functional mechanisms have come into being in the development of East Asian cooperation because of complicated historical and economic relations among the countries. This book examines the roles played by ASEAN (Association of Southeast Asian Nations), Japan, the United States and China in the cooperation, respectively. More importantly, China's strategic orientation in regional cooperation is studied in the last chapter. It observes that China, as a rising power, is re-establishing regional relations and order with its geographically neighbouring countries as the basis.
Publisher:
ISBN: 9780815383062
Category : East Asia
Languages : en
Pages : 0
Book Description
The book intends to locate the process and effectiveness of cooperation in East Asia, to regard the construction of the East Asian community as the ideal, to see the contradictions and difficulties in construction as the reality, and to identify the actual development and achievement as the choice and effort between the two. Instead of the East Asian Community, various functional mechanisms have come into being in the development of East Asian cooperation because of complicated historical and economic relations among the countries. This book examines the roles played by ASEAN (Association of Southeast Asian Nations), Japan, the United States and China in the cooperation, respectively. More importantly, China's strategic orientation in regional cooperation is studied in the last chapter. It observes that China, as a rising power, is re-establishing regional relations and order with its geographically neighbouring countries as the basis.
The Asian Financial Crisis
Author: Morris Goldstein
Publisher: Peterson Institute
ISBN: 9780881322613
Category : Business & Economics
Languages : en
Pages : 236
Book Description
The turmoil that has rocked Asian markets since the middle of 1997, and that is now having such deep effects on the economies in the region, is the third major currency crisis of the 1990s. This study explains how the Asian crisis arose and spread. It then outlines the corrective policy measures that could help end the crisis, and the shortcomings that have been revealed in the international financial system that require reform to reduce the chances of a recurrence.
Publisher: Peterson Institute
ISBN: 9780881322613
Category : Business & Economics
Languages : en
Pages : 236
Book Description
The turmoil that has rocked Asian markets since the middle of 1997, and that is now having such deep effects on the economies in the region, is the third major currency crisis of the 1990s. This study explains how the Asian crisis arose and spread. It then outlines the corrective policy measures that could help end the crisis, and the shortcomings that have been revealed in the international financial system that require reform to reduce the chances of a recurrence.
The Economics Of Cooperation
Author: James Roumasset
Publisher: Routledge
ISBN: 1000244296
Category : Political Science
Languages : en
Pages : 216
Book Description
This book discusses the nature of institutional development as it promotes market growth. It is concerned with the nature of and the prospects for pro-market development planning, especially in East Asia, describing pro-market policies that enhance economic cooperation.
Publisher: Routledge
ISBN: 1000244296
Category : Political Science
Languages : en
Pages : 216
Book Description
This book discusses the nature of institutional development as it promotes market growth. It is concerned with the nature of and the prospects for pro-market development planning, especially in East Asia, describing pro-market policies that enhance economic cooperation.
ASEAN-Japan Cooperation
Author:
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 252
Book Description
This book assesses the importance of enhanced ASEAN-Japan cooperation as a step toward a greater East Asian regional community. Fifteen international relations experts from ASEAN (Association of Southeast Asian Nations) countries and Japan, as well as China, South Korea, and the United States, review the history and current status of this bilateral relationship and propose how it can be strengthened. Chapters review the history of ASEAN-Japan relations and the rationale for renewed emphasis on cooperation; assess ASEAN as a regional unit and Japan as a regional actor; consider the implications for the relationship of changing regional and international environments; examine the future direction of economic, political, and security relations between the two actors; and evaluate societal and cultural areas of cooperation.Contributors include Tanaka Akihiko (Institute of Oriental Cultures, University of Tokyo, Japan), Jusuf Wanandi (Centre for Strategic and International Studies, Jakarta, Indonesia), Hadi Soesastro (Centre for Strategic and International Studies, Indonesia), Soeya Yoshihide (Keio University, Japan), Charles Morrison (East-West Center), Ahn Byung-joon (Graduate Institute of Policy Studies, Japan), Zhang Yunling (Institute of Asia Pacific Studies, Chinese Academy of Social Sciences), Jesus Estanislao (Institute of Corporate Directors, Phillipines), Narongchai Akrasanee (Seranee Holdings Co. Ltd., Thailand), Chia Siow Yue (Singapore Institute of International Affairs), Hirono Ryokichi (Seikei University, Japan), Kiuchi Takashi (Shinsei Bank, Japan), Nishihara Masashi (National Defense Academy, Japan), Jawhar bin Hassan (Institute of Strategic and International Studies, Malaysia), Carolina Hernandez (Institute of Strategic and Development Studies, Phillipines), and Yamamoto Tadashi (Japan Center for International Exchange).
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 252
Book Description
This book assesses the importance of enhanced ASEAN-Japan cooperation as a step toward a greater East Asian regional community. Fifteen international relations experts from ASEAN (Association of Southeast Asian Nations) countries and Japan, as well as China, South Korea, and the United States, review the history and current status of this bilateral relationship and propose how it can be strengthened. Chapters review the history of ASEAN-Japan relations and the rationale for renewed emphasis on cooperation; assess ASEAN as a regional unit and Japan as a regional actor; consider the implications for the relationship of changing regional and international environments; examine the future direction of economic, political, and security relations between the two actors; and evaluate societal and cultural areas of cooperation.Contributors include Tanaka Akihiko (Institute of Oriental Cultures, University of Tokyo, Japan), Jusuf Wanandi (Centre for Strategic and International Studies, Jakarta, Indonesia), Hadi Soesastro (Centre for Strategic and International Studies, Indonesia), Soeya Yoshihide (Keio University, Japan), Charles Morrison (East-West Center), Ahn Byung-joon (Graduate Institute of Policy Studies, Japan), Zhang Yunling (Institute of Asia Pacific Studies, Chinese Academy of Social Sciences), Jesus Estanislao (Institute of Corporate Directors, Phillipines), Narongchai Akrasanee (Seranee Holdings Co. Ltd., Thailand), Chia Siow Yue (Singapore Institute of International Affairs), Hirono Ryokichi (Seikei University, Japan), Kiuchi Takashi (Shinsei Bank, Japan), Nishihara Masashi (National Defense Academy, Japan), Jawhar bin Hassan (Institute of Strategic and International Studies, Malaysia), Carolina Hernandez (Institute of Strategic and Development Studies, Phillipines), and Yamamoto Tadashi (Japan Center for International Exchange).
Regional Financial Cooperation
Author: José Antonio Ocampo
Publisher: Globe Pequot Publishing Group Incorporated/Bloomsbury
ISBN:
Category : Business & Economics
Languages : en
Pages : 388
Book Description
"Assesses how regional financial institutions can help developing countries, often at a disadvantage within the global financial framework, finance their investment needs, counteract the volatility of private capital flows, and make their voices heard"--Provided by publisher.
Publisher: Globe Pequot Publishing Group Incorporated/Bloomsbury
ISBN:
Category : Business & Economics
Languages : en
Pages : 388
Book Description
"Assesses how regional financial institutions can help developing countries, often at a disadvantage within the global financial framework, finance their investment needs, counteract the volatility of private capital flows, and make their voices heard"--Provided by publisher.