Strengthening Regional Financial Cooperation in East Asia

Strengthening Regional Financial Cooperation in East Asia PDF Author: Haruhiko Kuroda
Publisher:
ISBN:
Category : Asian cooperation
Languages : en
Pages : 48

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Book Description
"This paper argues that a regional financial architecture needs to be firmly established in East Asia, outlines recent developments in financial cooperation in the region, and provides possible directions for the future". -- p. 1.

Strengthening Regional Financial Cooperation in East Asia

Strengthening Regional Financial Cooperation in East Asia PDF Author: Haruhiko Kuroda
Publisher:
ISBN:
Category : Asian cooperation
Languages : en
Pages : 48

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Book Description
"This paper argues that a regional financial architecture needs to be firmly established in East Asia, outlines recent developments in financial cooperation in the region, and provides possible directions for the future". -- p. 1.

Regional Financial Cooperation

Regional Financial Cooperation PDF Author: José Antonio Ocampo
Publisher: Brookings Institution Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 388

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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.

Regional Financial Cooperation

Regional Financial Cooperation PDF Author: Jose Antonio Ocampo
Publisher: Rowman & Littlefield
ISBN: 0815764189
Category : Business & Economics
Languages : en
Pages : 386

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Book Description
A Brookings Institution Press and Economic Commission for Latin America and the Caribbean (ECLAC) publication Using the experience of postwar Western Europe as a benchmark, José Antonio Ocampo and his colleagues assess 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. The 1997 Asian financial crisis generated extensive debate on the international financial architecture. Through this discussion, it became clear that services by financial institutions— including adequate mechanisms for preventing and managing financial crises, and instruments for safeguarding global macroeconomic and financial stability—are undersupplied. Furthermore, private international capital markets provide finance to developing countries in a way that effectively reduces the ability of those nations to undertake countercyclical macroeconomic policies. International capital markets ration out many developing countries, particularly the poorest, from private global capital markets. While these deficiencies in the financial architecture are clear, the post-1997 debate has done little to evaluate the role that regional institutions could play in improving global financial arrangements. Regional Financial Cooperation aims to fill that important gap. Contributors include Ernest Aryeetey (Institute of Statistical, Social and Economic Research, University of Ghana), Georges Corm (Saint Joseph University, Beirut), Roy Culpeper (North-South Institute, Ottawa), Ana Teresa Fuzzo de Lima (Institute of Development Studies, University of Sussex), Stephany Griffith-Jones (Institute of Development Studies, University of Sussex), Julia Leung (Hong Kong Monetary Authority), José Luis Machinea (ECLAC), Jae Ha Park (Korean Institute of Finance),Yung Chul Park (Korea University), Fernando Prada (FORO Nactional/International, Lima), Guillermo Rozenwurcel (School of Politics and Government, University of San Martin, Argentina)

Future of Regional Cooperation in Asia and the Pacific

Future of Regional Cooperation in Asia and the Pacific PDF Author: Bambang Susantono
Publisher: Asian Development Bank
ISBN: 9292624938
Category : Political Science
Languages : en
Pages : 536

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Book Description
This book reviews progress with regional cooperation and integration in Asia and the Pacific and explores how it can be reshaped to achieve a more resilient, sustainable, and inclusive future. Consisting of papers contributed by renowned scholars and Asian Development Bank staff, the book covers four major areas: public goods, trade and investment, financial cooperation, and regional health cooperation. The book emphasizes how the region can better leverage regional integration to realize its vast potential as well as overcome challenges such as the coronavirus disease (COVID-19) pandemic.

Fostering Monetary And Financial Cooperation In East Asia

Fostering Monetary And Financial Cooperation In East Asia PDF Author: Barry Eichengreen
Publisher: World Scientific
ISBN: 9814468185
Category : Business & Economics
Languages : en
Pages : 190

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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.

The Asian Financial Crisis and the Need for Regional Financial Cooperation

The Asian Financial Crisis and the Need for Regional Financial Cooperation PDF Author: Yun-jong Wang
Publisher: 대외경제정책연구원
ISBN:
Category : Asian cooperation
Languages : en
Pages : 64

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Book Description


ASEAN Regional Financial Cooperation Developments in Banking and Finance

ASEAN Regional Financial Cooperation Developments in Banking and Finance PDF Author: Michael T. Skully
Publisher: Institute of Southeast Asian
ISBN:
Category : Business & Economics
Languages : en
Pages : 92

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Book Description
Though political and trade matters have generally received the greatest attention in ASEAN related discussions, cooperation in ASEAN banking and financial matters is increasingly cited as a major goal. A variety of regional effeorts having been made at both government and private sector levels, this paper examines some of these developments to date, surveying not only the government and industry or professional association activities but also the efforts of foreign and local owned firms as well as the importance of the Asian Dollar Market in this development. Finally, from the comparison of the individual ASEAN members' financial sectors, some of the difficulties that lie ahead in the area of ASEAN financial cooperation are discussed.

Prospects for Monetary Cooperation and Integration in East Asia

Prospects for Monetary Cooperation and Integration in East Asia PDF Author: Ulrich Volz
Publisher: MIT Press
ISBN: 0262013991
Category : East Asia
Languages : en
Pages : 339

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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. --

Advancing Regional Monetary Cooperation

Advancing Regional Monetary Cooperation PDF Author: L. Mühlich
Publisher: Springer
ISBN: 1137427213
Category : Business & Economics
Languages : en
Pages : 315

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Book Description
This book examines regional monetary cooperation as a strategy to enhance macroeconomic stability in developing countries and emerging markets. Interdisciplinary case studies on Southern Africa, Southeast Asia and South America provide a cross-regional perspective on the viability of such strategy.

Monetary and Financial Cooperation in East Asia

Monetary and Financial Cooperation in East Asia PDF Author: Masahiro Kawai
Publisher: OUP Oxford
ISBN: 0191023582
Category : Business & Economics
Languages : en
Pages : 255

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Book Description
The global financial crisis and the Eurozone crisis have led to a profound rethink in East Asia about the international monetary system and regional monetary and financial integration. After the East Asian crisis of 1997, deeper regional cooperation was seen as the way to avoid reliance on the IMF and the rest of the world. Steps were taken, but they were limited because of disagreements reflecting regional rivalries. Still, integration into the global financial system and Europe's regional process were seen as objectives to be adapted to East Asia, as detailed in an overview chapter. The crises have shaken this strategy but also revealed the pre-existing deep disagreements. This book presents contributions by scholars from different countries. Each one was invited to describe the vision of their policymakers. The traidtional rivalry between China and Japan, the region's largest economies, reveals Chinese confidence into its rising power and Japanese growing doubts about its ability to weigh on the debate. For opposite reasons, both display a declining interest into regional cooperation. Korea and the ASEAN countries do not wish to choose between the regional powers but remain attached to regional cooperation and integration. They look for pragmatic solutions that recognize the value-chain characteristic of trade. Additional contributions by US and European scholars provide evaluations of the global and Eurozone crises and of their relevance for East Asian integration.