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Author: Mohamed Ariff
Publisher: Edward Elgar Publishing
ISBN: 9781781952733
Category : Business & Economics
Languages : en
Pages : 552
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Book Description
This work examines the effects of financial liberalization of the more advanced economies in Southeast Asia and analyses the degree to which emerging and transitional economies in East and South Asia can benefit from this example.
Author: Mohamed Ariff
Publisher: Edward Elgar Publishing
ISBN: 9781781952733
Category : Business & Economics
Languages : en
Pages : 552
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Book Description
This work examines the effects of financial liberalization of the more advanced economies in Southeast Asia and analyses the degree to which emerging and transitional economies in East and South Asia can benefit from this example.
Author: Mohamed Ariff
Publisher: Edward Elgar Publishing
ISBN:
Category : Asia
Languages : en
Pages : 430
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Book Description
In this second edition the authors from Monash and Bond Universities respectively present a thoroughly revised account of the effects of financial liberalization and growth and development in the more advanced economies of Southeast Asia. New chapters focus on the post-crisis reforms and their policy impacts.
Author:
Publisher: BRILL
ISBN: 1684176301
Category : Business & Economics
Languages : en
Pages : 336
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Book Description
Since the early 1980s, Korea’s financial development has been a tale of liberalization and opening. After the 1997 financial crisis, great strides were made in building a market-oriented financial system through sweeping reforms for deregulation and the opening of financial markets. However, the new system failed to steer the country away from a credit card boom and bust in 2003, a liquidity crisis in 2008, and a run on its savings banks in 2011, and has been severely tested again by the ongoing COVID-19 pandemic crisis. Financial liberalization, clearly, has been no panacea. This study analyzes the deepening of and structural changes in Korea’s financial system since the early 1980s and presents the empirical results of the effects of financial development on economic growth, stability, and the distribution of income. It finds that, contrary to conventional wisdom, financial liberalization has contributed little to fostering the growth and stability of the Korean economy and has exacerbated income distribution problems. Are there any merits in financial liberalization? The authors answer this query through empirical examinations of the theories of finance and growth. They point to a clear need to further improve the efficiency, soundness, and stability of Korean financial institutions and markets.
Author: Yung Chul Park
Publisher: Oxford University Press on Demand
ISBN: 0199276773
Category : Business & Economics
Languages : en
Pages : 295
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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.
Author: Prema-chandra Athukorala
Publisher: Routledge
ISBN: 1136697837
Category : Business & Economics
Languages : en
Pages : 221
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Book Description
The link between trade liberalisation and poverty has arguably been one of the most debated topics in development policy debate. Existing studies on the subject have primarily used multi-country cross-sectional data, and there is a growing concern about the limitations of this approach in providing a sound empirical basis for informing the policy debate. These limitations point to the need for undertaking in-depth analyses within individual countries over time. In order to examine the connection between trade liberalisation and poverty, this book provides case studies of trade policy reforms and poverty reduction outcomes of seven countries in South Asia - Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka. The South Asia region allows for an excellent comparative study given the widespread emphasis on liberalisation reforms in the region over the past two decades, as well as highlighting significant inter-country differences in terms of the timing and comprehensiveness of reforms, and the heavy concentration of world poverty in the region. This book is a useful contribution to studies on South Asia, as well as International Trade and Development Economics.
Author: Muhammad Shahbaz
Publisher: Springer Nature
ISBN: 3030790037
Category : Business & Economics
Languages : en
Pages : 245
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Book Description
This book looks into the relationship between financial development, economic growth, and the possibility of a potential capital flight in the transmission process. It also examines the important role that financial institutions, financial markets, and country-level institutional factors play in economic growth and their impact on capital flight in emerging economies. By presenting new theoretical insights and empirical country studies as well as econometric approaches, the authors focus on the relationship between financial development and economic growth with capital flight in the era of financial crisis. Therefore, this book is a must-read for researchers, scholars, and policy-makers, interested in a better understanding of economic growth and financial development of emerging economies alike.
Author: Tariq Banuri
Publisher: Oxford University Press, USA
ISBN:
Category : Asia
Languages : en
Pages : 262
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Book Description
Written by leading economists, the papers in this collection examine the different effects of trade and financial liberalization on the economic performance of Latin America and Asia. In the face of a deepening economic crisis in Latin America, the contributors examine the assumptions and dangers of indiscriminate economic liberalization policies which disregard the institutional arrangements or historical background of a country in the interests of narrower, more technical criteria such as speed of policy implementation. Addressing policy, conflict management, Asian and Latin American economies, and labor market institutions in Asia and Latin America, this study is an important contribution to the debate on trade and financial liberalization.
Author: Sara Hsu
Publisher: Edward Elgar Publishing
ISBN: 1784711543
Category : Business & Economics
Languages : en
Pages : 240
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Book Description
Economic Reform in Asia compares and analyzes the reform and development patterns of China, India, and Japan from both historical and developmental perspectives. Sara Hsu specifically focuses on China’s reform and opening-up in 1979, India’s accelerated liberalization in 1991, and the outset of the Meiji Restoration in Japan in 1878. This detailed overview of growth patterns in Asia’s largest economies is invaluable, especially in its determination to understand which development policies work, what role institutions play in development, and what issues may arise during said development. The book first provides an overview of the countries’ development trajectories and introduces the theoretical constructs associated with them. The text focuses on key aspects of development for comparison, such as poverty and inequality, rural to urban migration, human capital, and the impact of development on the environment, trade, and economic future of these three countries. The relative success of reforms and their political and economic effects are also discussed. This comprehensive book will be of interest to students, as it provides an impressive overview of three Asian countries’ development, as well as for scholars in the field who are looking for a thoughtful and complex discussion of reform from different perspectives.
Author: Yung Chul Park
Publisher: OUP Oxford
ISBN: 0191534927
Category : Business & Economics
Languages : en
Pages : 296
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Book Description
Several years before the 1997-98 Asian financial crisis, most East Asian economies with the exception of China had engaged in the liberal reform prescriptions of the Washington Consensus. The Asian financial crisis added impetus to the transformation process as the crisis countries accepted the Washington Consensus as part of their commitment to the IMF policy conditionality. In this book the author 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. In doing so, he covers the accomplishments and failures of the East Asian development model and the reform agenda for a new East Asian paradigm for post-crisis development.
Author: OECD
Publisher: OECD Publishing
ISBN: 9264103406
Category :
Languages : en
Pages : 236
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Book Description
This book demonstrates some of the pitfalls associated with services liberalisation but recommends perseverance and even acceleration of the reforms. Contributors call for orderly and rapid progress towards regional integration of the services ...
