|
Showing 1 - 6 of
6 matches in All Departments
With increased resilience in the financial systems, emerging Asian
economies were less affected by the recent global financial crisis,
recovering more quickly from the crisis than major advanced
economies. Yet, Asian financial systems remain underdeveloped. More
open and efficient financial systems continue to be a key priority
for Asia's development strategy. Emerging Asian economies need to
tackle the new challenges to macroeconomic and financial stability
posed by financial globalisation. This book identifies the key
challenges to Asia's financial development in an era of rapid
financial globalisation and discusses their policy implications for
financial reforms and regional cooperation in East Asia. Particular
areas of focus include: the impact of financial globalisation on
economic stability and inequality in East Asian economies; the
progress of Asia's regional financial cooperation and lessons from
the recent European economic crisis; and the priority of financial
reforms in individual Asian economies. Combining advanced
econometric methods and in-depth case studies, this book provides
rigorous and contextual analyses of the most critical issues for
Asia's financial development. It offers a comprehensive and useful
guide for students, academics, and policymakers interested in the
current state and future prospects of Asian financial systems.
With increased resilience in the financial systems, emerging Asian
economies were less affected by the recent global financial crisis,
recovering more quickly from the crisis than major advanced
economies. Yet, Asian financial systems remain underdeveloped. More
open and efficient financial systems continue to be a key priority
for Asia's development strategy. Emerging Asian economies need to
tackle the new challenges to macroeconomic and financial stability
posed by financial globalisation. This book identifies the key
challenges to Asia's financial development in an era of rapid
financial globalisation and discusses their policy implications for
financial reforms and regional cooperation in East Asia. Particular
areas of focus include: the impact of financial globalisation on
economic stability and inequality in East Asian economies; the
progress of Asia's regional financial cooperation and lessons from
the recent European economic crisis; and the priority of financial
reforms in individual Asian economies. Combining advanced
econometric methods and in-depth case studies, this book provides
rigorous and contextual analyses of the most critical issues for
Asia's financial development. It offers a comprehensive and useful
guide for students, academics, and policymakers interested in the
current state and future prospects of Asian financial systems.
This book covers many aspects of excessive expansion of
cross-border capital flows underlying the global financial crises
that occurred in succession in the form of the subprime mortgage
crisis, the collapse of Lehman Brothers, and the European debt
crisis. Obtaining a broader picture of financial flows at the
global level from various perspectives is essential to
comprehensively understand the fundamental causes for a series of
global-scale financial crises and to formulate effective policy
responses in the future. The topics addressed here include a basic
concept and overview of global liquidity in a broad sense, domestic
and international credit activities of financial institutions in
both advanced and emerging countries, and global demand for US
dollars. Offshore bond issuance in BRICs countries, including its
implications for the Chinese shadow banking sector, uncovered
interest rate parity puzzle, and related policies such as capital
controls are covered as well. This book is highly recommended to
readers who seek an in-depth and up-to-date integrated overview of
the dynamics of today's globalized financial markets.
This book provides an interesting review of Japanese monetary
policies after the bubble economy. The Bank of Japan was the first
central bank in advanced economies to implement the unconventional
monetary policies during the period. After the Lehman shock, most
advanced economies also carried out similar monetary policies to
boost their own economies. The Japanese experience in the 1990s and
2000s no doubt played a key role during the period. Although
various aspects of the experiences have been examined, not many
books have been published based on intensive discussions between
the macro and monetary theorists who have been active in academics
and the practitioners who have actually been involved in monetary
policy. This small but important book has focused on the Japanese
experience. Evaluation of that experience found that three solid
pillars are of crucial importance: theory, institution, and
experience. Those form the basis of the book, without theory, no
policies will be formulated and implemented, and implementation
depends crucially on institution. Chapter 1 provides a clear
theoretical background for the unconventional monetary policies and
inflation targeting. Chapter 2 intensively explores the meaning and
desirability of the independence of central banks. Chapter 3
reviews the consequences of the Japanese monetary policies in
recent decades in comparison with those in other advanced
economies.
In the wake of the global financial crisis, leading industrialized
countries have managed to show only a gradual recovery, while East
Asian economies have surged ahead. In particular, China achieved
growth in excess of 10% in 2010 and is expected to continue growing
at a rapid pace. It appears that in the coming years, East Asia
will play an even greater role as a growth center leading global
economic expansion. Following the Asian currency crisis of 1997-98,
consumption and investment in the region decreased considerably,
and East Asian economies recovered on the strength of exports.
Presently, however, amid a less-than-robust recovery in the US and
Europe, the sustainability of East Asia's reliance on export-led
growth has been called into question. The region's transition to
growth based on a balance of foreign and domestic demand is
important for both building a stronger foundation for sustainable
growth and buttressing global economic expansion. Moreover, the
rebalancing of demand in East Asia holds the key to rectifying
global current account imbalances - the disadvantage of uneven
international capital flows. This unique volume illuminates policy
issues involved in the efforts to promote the rebalancing of demand
in East Asia.
In the wake of the global financial crisis, leading industrialized
countries have managed to show only a gradual recovery, while East
Asian economies have surged ahead. In particular, China achieved
growth in excess of 10% in 2010 and is expected to continue growing
at a rapid pace. It appears that in the coming years, East Asia
will play an even greater role as a growth center leading global
economic expansion. Following the Asian currency crisis of 1997-98,
consumption and investment in the region decreased considerably,
and East Asian economies recovered on the strength of exports.
Presently, however, amid a less-than-robust recovery in the US and
Europe, the sustainability of East Asia's reliance on export-led
growth has been called into question. The region's transition to
growth based on a balance of foreign and domestic demand is
important for both building a stronger foundation for sustainable
growth and buttressing global economic expansion. Moreover, the
rebalancing of demand in East Asia holds the key to rectifying
global current account imbalances - the disadvantage of uneven
international capital flows. This unique volume illuminates policy
issues involved in the efforts to promote the rebalancing of demand
in East Asia.
|
You may like...
Loot
Nadine Gordimer
Paperback
(2)
R398
R330
Discovery Miles 3 300
Higher
Michael Buble
CD
(1)
R172
R154
Discovery Miles 1 540
It: Chapter 1
Bill Skarsgård
Blu-ray disc
R149
R49
Discovery Miles 490
|