Financial Deregulation and Integration in East Asia

Financial Deregulation and Integration in East Asia PDF Author: Takatoshi Ito
Publisher: University of Chicago Press
ISBN: 0226386953
Category : Business & Economics
Languages : en
Pages : 416

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Book Description
The increased mobility and volume of international capital flows is a striking trend in international finance. While countries worldwide have engaged in financial deregulation, nowhere is this pattern more pronounced than in East Asia, where it has affected in unanticipated ways the behavior of exchange rates, interest rates, and capital flows. In these thirteen essays, American and Asian scholars analyze the effects of financial deregulation and integration on East Asian markets. Topics covered include the roles of the United States and Japan in trading with Asian countries, macroeconomic policy implications of export-led growth in Korea and Taiwan, the effects of foreign direct investment in China, and the impact of financial liberalization in Japan, Korea, and Singapore. Demonstrating the complexity of financial deregulation and the challenges it poses for policy makers, this volume provides an excellent picture of the overall status of East Asian financial markets for scholars in international finance and Asian economic development.

Financial Deregulation and Integration in East Asia

Financial Deregulation and Integration in East Asia PDF Author: Takatoshi Ito
Publisher: University of Chicago Press
ISBN: 0226386953
Category : Business & Economics
Languages : en
Pages : 416

Get Book Here

Book Description
The increased mobility and volume of international capital flows is a striking trend in international finance. While countries worldwide have engaged in financial deregulation, nowhere is this pattern more pronounced than in East Asia, where it has affected in unanticipated ways the behavior of exchange rates, interest rates, and capital flows. In these thirteen essays, American and Asian scholars analyze the effects of financial deregulation and integration on East Asian markets. Topics covered include the roles of the United States and Japan in trading with Asian countries, macroeconomic policy implications of export-led growth in Korea and Taiwan, the effects of foreign direct investment in China, and the impact of financial liberalization in Japan, Korea, and Singapore. Demonstrating the complexity of financial deregulation and the challenges it poses for policy makers, this volume provides an excellent picture of the overall status of East Asian financial markets for scholars in international finance and Asian economic development.

Multinationals and East Asian Integration

Multinationals and East Asian Integration PDF Author: International Development Research Centre (Canada)
Publisher: IDRC
ISBN: 9780889368064
Category : Business & Economics
Languages : en
Pages : 332

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Book Description
Multinationals and East Asian Integration

Asian Regionalism in the World Economy

Asian Regionalism in the World Economy PDF Author: Masahiro Kawai
Publisher: Edward Elgar Publishing
ISBN: 1849806888
Category : Political Science
Languages : en
Pages : 541

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Book Description
The structure and policy architecture of the world economy, as it emerges from the historic challenges now underway, will be affected by the dramatic rise of Asian economies and deepening connections among them. This important book examines the dramatic transformation of the Asian economy, the challenges it faces, emerging regional solutions, and how Asia can play a more constructive role in the global economy. Asia is becoming not just the world's factory, but also its leading creditor, and one of its key sources of dynamism and stability. Key questions are identified and addressed in three areas: Asia's growth and productivity, financial stability, and regional economic integration. In each of these areas, the contributing authors evaluate current trends and the forces shaping the future. They consider whether the regions progress is sustainable and what it will take to make it so. How is Asia reshaping its economy in response to the changing global landscape? More urgently, how can Asia weather the severe, global financial and economic stormoriginating from the global credit crisis? How will it extend its gains to people left behind? And how can it contribute to better governance and greater prosperity in the world economy? This book covers new ground by connecting theory, assembling detailed evidence on trends and challenges, and offering forwardlooking policy prescriptions. This timely book will appeal to Asian economic policymakers as well as postgraduate students interested in Asian economics, international economics and regional integration. Staff of international and regional organizations interested in Asian economics will also find this book invaluable.

Economic Growth with Equity

Economic Growth with Equity PDF Author: Kevin Watkins
Publisher: Oxfam Pub
ISBN:
Category : Business & Economics
Languages : en
Pages : 162

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Book Description
Kevin Watkins analyses the manner in which the economies of East Asia have attained high economic growth rates and managed to share the prosperity widely. A caveat is included as some groups have been excluded from these benefits on ethnic grounds.

Energy Market Integration in East Asia

Energy Market Integration in East Asia PDF Author: Yanrui Wu
Publisher: Routledge
ISBN: 113468133X
Category : Business & Economics
Languages : en
Pages : 216

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Book Description
East Asian nations through the dialogue between ASEAN and its partners have been promoting energy market integration (EMI) for a decade. The formation of the East Asian Summit (EAS) group in 2005 adds new momentum to the EMI course in the region. The objective of this edited volume is to present new insights into the understanding of EMI in East Asia and draw implications for further development. This book is the first publication of its kind exclusively focusing on EMI in East Asia. The chapters are written by a distinguished group of specialists in the field of energy policy, business and economics. The covered topics range from the general debates about EMI to regional policy responses. A variety of qualitative and quantitative methods are employed in this book. For qualitative methods, public goods theory and the comparative study method are two examples. The quantitative methods include economic growth theory, principle component approach, input-output table, computable general equilibrium (CGE) models and econometric techniques. Important policy implications can be drawn from the findings. One clear message is that EMI should be promoted actively but in a gradual, incremental manner. Other policy implications are related to inter-regional governance, infrastructure development and gas market integration. The content has not been published elsewhere and hence makes a unique contribution to the literature. There are also case studies of specific energy sectors such as petroleum and natural gas. Overall this book should be of interest to a wide audience such as academia, business analysts and policy makers.

Financial Sector Crisis and Restructuring

Financial Sector Crisis and Restructuring PDF Author: Carl-Johan Lindgren
Publisher:
ISBN: 9781557758712
Category : Business & Economics
Languages : en
Pages : 103

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Book Description
An IMF paper reviewing the policy responses of Indonesia, Korea and Thailand to the 1997 Asian crisis, comparing the actions of these three countries with those of Malaysia and the Philippines. Although all judgements are still tentative, important lessons can be learned from the experiences of the last two years.

Asian Perspectives on Financial Sector Reforms and Regulation

Asian Perspectives on Financial Sector Reforms and Regulation PDF Author: Masahiro Kawai
Publisher: Brookings Institution Press
ISBN: 0815722109
Category : Business & Economics
Languages : en
Pages : 338

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Book Description
"Examines Asia's emerging markets, which survived the financial debacle of 2008-09 with only modest declines in growth; discusses activities that could dampen continuing development in these markets including inflation, surging capital inflows, asset and credit bubbles, and rapid currency appreciation; and offers strategies to promote financial stability"--Provided by publisher.

Asia-Pacific Financial Deregulation

Asia-Pacific Financial Deregulation PDF Author: Gordon De Brouwer
Publisher: Routledge
ISBN: 1134619332
Category : Social Science
Languages : en
Pages : 342

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Book Description
Recent events in East Asia have highlighted the risks of volatility and contagion in a financially integrated world. Countries in the region had been at the forefront of the movement towards increased integration but the crisis that struck Thailand in July 1997, and the rapidity with which it spread to other East Asian nations, suggested that all was not well. Weaknesses in domestic financial intermediation, poor corporate governance and deficient government responses to large capital inflows all played a role in the build-up of vulnerability. Asia-Pacific Financial Deregulation provides an insight into financial liberalisation and structural reform in the region generally and as illustrated by a number of countries.

Financial Liberalization and the Asian Crisis

Financial Liberalization and the Asian Crisis PDF Author: H. Chang
Publisher: Springer
ISBN: 0230518621
Category : Business & Economics
Languages : en
Pages : 307

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Book Description
The financial crisis that hit a number of 'miracle' economies of Asia in 1997 shocked the world. Financial Liberalization and the Asian Crisis rejects conventional explanations of the crisis as the outcome primarily of inefficient and corrupt economics systems in the countries concerned. It argues that the crisis was the result of premature and overly rapid financial liberalization in a world of increasing financial liquidity and volatility, and calls for a more cautious approach to financial liberalization, and a reform of the international financial architecture.

Financial Crises Explanations, Types, and Implications

Financial Crises Explanations, Types, and Implications PDF Author: Mr.Stijn Claessens
Publisher: International Monetary Fund
ISBN: 1475561008
Category : Business & Economics
Languages : en
Pages : 66

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Book Description
This paper reviews the literature on financial crises focusing on three specific aspects. First, what are the main factors explaining financial crises? Since many theories on the sources of financial crises highlight the importance of sharp fluctuations in asset and credit markets, the paper briefly reviews theoretical and empirical studies on developments in these markets around financial crises. Second, what are the major types of financial crises? The paper focuses on the main theoretical and empirical explanations of four types of financial crises—currency crises, sudden stops, debt crises, and banking crises—and presents a survey of the literature that attempts to identify these episodes. Third, what are the real and financial sector implications of crises? The paper briefly reviews the short- and medium-run implications of crises for the real economy and financial sector. It concludes with a summary of the main lessons from the literature and future research directions.