From The Global Financial Tsunami To The Property Bubbles In Asia: The Need For A New Discipline On Macroeconomic Management PDF Download
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Author: Yip Paul Sau Leung
Publisher: World Scientific
ISBN: 9814623709
Category : Business & Economics
Languages : en
Pages : 232
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Book Description
This book discusses the formation of the current huge property bubbles in many Asian economies and the high likelihood of another Asian financial crisis due to the eventual bursting of these property bubbles. In particular, it explains:In view of the huge costs due to the macroeconomic policy mistakes in many developing economies and some advanced economies, this book recommends the development of a new economic discipline on macroeconomic management and rigorous selection procedures of key economic and monetary officials. If properly done, these would help pre-empt financial crises, currency crises and asset bubbles in the future.
Author: Yip Paul Sau Leung
Publisher: World Scientific
ISBN: 9814623709
Category : Business & Economics
Languages : en
Pages : 232
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Book Description
This book discusses the formation of the current huge property bubbles in many Asian economies and the high likelihood of another Asian financial crisis due to the eventual bursting of these property bubbles. In particular, it explains:In view of the huge costs due to the macroeconomic policy mistakes in many developing economies and some advanced economies, this book recommends the development of a new economic discipline on macroeconomic management and rigorous selection procedures of key economic and monetary officials. If properly done, these would help pre-empt financial crises, currency crises and asset bubbles in the future.
Author: Jianguo Liu
Publisher: European Alliance for Innovation
ISBN: 1631904442
Category : Business & Economics
Languages : en
Pages : 1261
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Book Description
The 4th International Conference on Economic Management and Big Data Applications was successfully held in Tianjin, China from October 27th to 29th, 2023. This conference served as a platform for researchers, scholars, and industry professionals to exchange knowledge and insights in the field of economic management and the application of big data. The conference held great significance in advancing the understanding and application of economic management and big data. By bringing together experts from around the globe, the conference facilitated the exchange of innovative ideas and research findings, contributing to the development of these fields. The topics covered during the conference showcased the latest advancements and trends in enterprise economic statistics, information evaluation, blockchain technology, industrial structure optimization, information retrieval, data regression analysis, intelligent Internet of Things platforms, and data encryption. The discussions and presentations during the conference allowed participants to explore new methodologies, strategies, and technologies that can enhance economic management practices and leverage the potential of big data. The conference provided a platform for scholars and practitioners to share their experiences, insights, and best practices, fostering collaboration and networking opportunities. Furthermore, the proceedings were published, ensuring the dissemination of valuable research findings to a wider audience. The collective knowledge and research presented at the conference will contribute to the academic community, industry professionals, and policymakers, enabling them to make informed decisions and develop effective strategies in the fields of economic management and big data applications. Overall, the 4th International Conference on Economic Management and Big Data Applications played a pivotal role in promoting knowledge exchange, fostering innovation, and shaping the future of economic management by harnessing the power of big data.
Author: Paul Sau-Leung Yip
Publisher: World Scientific
ISBN: 9814289116
Category : Business & Economics
Languages : en
Pages : 439
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Book Description
The author of this book is the original proponent of China''s exchange rate system reform announced in 2005. This book discusses: The transitional, medium-term and long-term designs of the reform; China''s achievements and mistakes on the reform; China''s banking reform and its lessons to other emerging economies; Maintaining a certain trade surplus as a dynamically optimal choice for China; China''s stock market bubble and the gradual bubble squeezing strategy; China''s property inflation and its solution; China''s fiscal and monetary policies during and after the global financial tsunami; Risk of global asset inflation, CPI inflation and cycle of exchange rate after the financial tsunami; Likelihood of an asset bubble and then a crisis in economies outside the US during the overheated phase of the recovery. Through these discussions, the author hopes to share his knowledge on macroeconomic policy management accumulated over the past thirty five years. In particular, he would like to share his insights on macroeconomic policy management before, during and after an asset inflation era or a crisis period. He would also like to warn policy makers and financial investors on the likelihood of an asset bubble and then a crisis in economies outside the US. The author hopes this book could eventually stimulate the emergence of OC macroeconomic policy managementOCO as a new and important discipline in economics. While the focus of the book is on macroeconomic policy management, it also offers important lessons and strategies on share and property investments. Thus, economists, policy makers, central bank officials, economics students, business and finance professionals, individual investors and academia in other disciplines will find the book useful."
Author: Alok Sheel
Publisher:
ISBN: 9789332701700
Category : Asia
Languages : en
Pages : 0
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Book Description
A perspective from Asia on the global financial crisis as it unfolded in real time, and, in the process redefined several prevailing macro-economic paradigms. Written by a policy maker with a good knowledge of economics and history who participated in G20 debates on crisis management, it is addressed primarily to the interested layperson, including students who feel their textbooks do not adequately explain the real world. It should also be of interest to subject specialists. The anomalies in the process of fitting fact to theory are littered liberally throughout. Although the central theme is the recent global financial crisis, the book is very broad in sweep with the overarching objective of locating the crisis amidst the broad sweep of economic history, a changing world and policy debates. Structured in a manner that sits easy on the reader, it need not be read from beginning to end. The reader can complete the book without breaking into a sweat, with the big picture in its rich, full detail falling into place frame by frame.
Author: Laurent Ferrara
Publisher: Springer
ISBN: 3319790757
Category : Business & Economics
Languages : en
Pages : 298
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Book Description
This book collects selected articles addressing several currently debated issues in the field of international macroeconomics. They focus on the role of the central banks in the debate on how to come to terms with the long-term decline in productivity growth, insufficient aggregate demand, high economic uncertainty and growing inequalities following the global financial crisis. Central banks are of considerable importance in this debate since understanding the sluggishness of the recovery process as well as its implications for the natural interest rate are key to assessing output gaps and the monetary policy stance. The authors argue that a more dynamic domestic and external aggregate demand helps to raise the inflation rate, easing the constraint deriving from the zero lower bound and allowing monetary policy to depart from its current ultra-accommodative position. Beyond macroeconomic factors, the book also discusses a supportive financial environment as a precondition for the rebound of global economic activity, stressing that understanding capital flows is a prerequisite for economic-policy decisions.
Author: Shalendra D. Sharma
Publisher: Cambridge University Press
ISBN: 1107655129
Category : Business & Economics
Languages : en
Pages : 405
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Book Description
This book is an authoritative account of the economic and political roots of the 2008 financial crisis. It examines why it was triggered in the United States, why it morphed into the great recession, and why the contagion spread with such ferocity around the globe. It also examines how and why economies - including the Eurozone, Russia, China, India, East Asia, and the Middle East - have been impacted and explores their response to the unprecedented challenges of the crisis and the effectiveness of their policy measures. Global Financial Contagion specifically looks at how the Obama Administration's policy missteps have contributed to America's huge debt and slow recovery, why the Eurozone's response to its existential crisis has become a never-ending saga, and why the G20's efforts to create a new international financial architecture may fall short. This book will long be regarded as the standard account of the crisis and its aftermath.
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.
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.
Author: M. Ayhan Kose
Publisher: World Bank Publications
ISBN: 1464815453
Category : Business & Economics
Languages : en
Pages : 403
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Book Description
The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.
Author: Vikram Mansharamani
Publisher: Wiley
ISBN: 9780470879467
Category : Business & Economics
Languages : en
Pages : 272
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Book Description
A multi-disciplinary framework through which to spot financialbubbles before they burst. Based on a popular undergraduate seminar, entitled FinancialBooms & Busts, taught by the author at Yale University,Boombustology presents a multi-disciplinary framework foridentifying unsustainable booms and forthcoming busts. The magnitude of our recent financial crisis mandates a firmunderstanding of this phenomenon before the next crisis occurs.Boombustology provides an in-depth look at several majorbooms and busts and offers a solid framework for thinking aboutfuture occurrences. Examines why booms and busts are not random and can thereforebe identified Focuses upon various theoretical and disciplinary lenses usefulin the study of booms and busts Contains a framework for thinking about and identifyingforthcoming financial bubbles including several tell-taleindicators of a forthcoming bust. Illustrates the framework in action by evaluating China as apotential bubble in the making. If you want to make better decisions in today’s turbulentinvestment environment, understanding the dynamics of booms andbusts is the best place the start. Boombustology canhelp you achieve this elusive goal. Vikram Mansharamani is a Lecturer at Yale University and aglobal equity investor.
