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Central Banking and Financial Stability in East Asia (Paperback, Softcover reprint of the original 1st ed. 2015)
Loot Price: R3,322
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Central Banking and Financial Stability in East Asia (Paperback, Softcover reprint of the original 1st ed. 2015)
Series: Financial and Monetary Policy Studies, 40
Expected to ship within 10 - 15 working days
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This book explores financial stability issues in the context of
East Asia. In the East Asian region financial stability has been a
major concern ever since the Asian crisis of 1997/98, which still
looms large in the collective memory of the affected countries. The
global crisis, which had its starting point in 2007, only served to
exacerbate this concern. Safeguarding financial stability is
therefore a major goal of any country in the region. Diverging
cultural, political and economic backgrounds may however pose
different stability challenges and necessary cooperation may be
complicated by this diversity. Against this backdrop the
contributions of this book by leading academics from the fields of
economics and law as well as by practitioners from central banks
shed light on various financial stability issues. The volume
explores the legal environment of central banks as lenders of last
resort and analyzes challenges to financial stability such as
shadow banking and the choice of exchange rate regimes. Case
studies from China, Japan and Indonesia are contrasted with
experiences from Europe. Â
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