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Financial Governance in East Asia - Policy Dialogue, Surveillance and Cooperation (Paperback)
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Financial Governance in East Asia - Policy Dialogue, Surveillance and Cooperation (Paperback)
Series: Routledge Studies in the Growth Economies of Asia
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The focus of international financial reform in recent years has
largely been at the global level, in terms of improving the
international financial architecture, and at the national level in
terms of getting domestic economic and structural policies right.
But there is also a growing appetite for addressing some issues at
a regional level. This debate has focused on improving regional
policy dialogue and surveillance processes, as well as developing
regional mechanisms to provide financial support to prevent and
resolve financial crises. In East Asia, for example, governments
have sought deeper regional policy dialogue by the creation of
ASEAN+3 forum and enhanced financial cooperation by setting up the
Chiang Mai Initiative. These developments raise many questions:
What is 'best-practice' regional policy dialogue? How is a regional
financial architecture complementary to the global architecture?
What sorts of institutions work well at a regional level? Do
regions need a regional monetary fund? What is going on in East
Asia and how is it different to other regions? This volume brings
together a range of policy, practical and conceptual papers to
explore these and other issues.
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