The Asian Financial Crisis: Origins, Implications, and Solutions

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Author :
Publisher : Springer Science & Business Media
ISBN 13 : 1461551552
Total Pages : 513 pages
Book Rating : 4.4/5 (615 download)

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Book Synopsis The Asian Financial Crisis: Origins, Implications, and Solutions by : William C. Hunter

Download or read book The Asian Financial Crisis: Origins, Implications, and Solutions written by William C. Hunter and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 513 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the late 1990s, Korea, Thailand, Indonesia and Malaysia experienced a series of major financial crises evinced by widespread bank insolvencies and currency depreciations, as well as sharp declines in gross domestic production. This sudden disruption of the Asian economic `miracle' astounded many observers around the world, raised questions about the stability of the international financial system and caused widespread fear that this financial crisis would spread to other countries. What has been called the Asian crisis followed a prolonged slump in Japan dating from the early 1980s and came after the Mexican currency crisis in the mid-1990s. Thus, the Asian crisis became a major policy concern at the International Monetary Fund as well as among developed countries whose cooperation in dealing with such financial crises is necessary to maintain the stability and efficiency of global financial markets. This book collects the papers and discussions delivered at an October 1998 Conference co-sponsored by the Federal Reserve Bank of Chicago and the International Monetary Fund to examine the causes, implications and possible solutions to the crises. The conference participants included a broad range of academic, industry, and regulatory experts representing more than thirty countries. Topics discussed included the origin of the individual crises; early warning indicators; the role played by the global financial sector in this crisis; how, given an international safety net, potential risks of moral hazard might contribute to further crises; the lessons for the international financial system to be drawn from the Asian crisis; and what the role of the International Monetary Fund might be in future rescue operations. Because the discussions of these topics include a wide diversity of critical views and opinions, the book offers a particularly rich presentation of current and evolving thinking on the causes and preventions of international banking and monetary crises. The book promises to be one of the timeliest as well as one of the most complete treatments of the Asian financial crisis and its implications for future policymaking.

Measuring Misalignment

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451854250
Total Pages : 30 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Measuring Misalignment by : Menzie David Chinn

Download or read book Measuring Misalignment written by Menzie David Chinn and published by International Monetary Fund. This book was released on 1999-09-01 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The concept of purchasing power parity (PPP) is used to evaluate whether eight East Asian currencies were overvalued on the eve of the 1997 crises. The Johansen and Horvath-Watson cointegration test procedures are applied to bilateral and multilateral exchange rates, deflated using CPIs, producer price indices (PPIs), and price indices of export goods. The second deflator yields the greatest evidence of “stationarity.” The study find’s that the Malaysian, Philippines, and Thai currencies were overvalued, while the Korean and Indonesian were substantially undervalued. Mixed results were obtained for the others. Measures of the equilibrium rate based on time trends in CPI-deflated rates typically suggest larger overvaluations.

Exchange Rates, Currency Crisis and Monetary Cooperation in Asia

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Author :
Publisher : Springer
ISBN 13 : 0230234194
Total Pages : 258 pages
Book Rating : 4.2/5 (32 download)

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Book Synopsis Exchange Rates, Currency Crisis and Monetary Cooperation in Asia by : R. Rajan

Download or read book Exchange Rates, Currency Crisis and Monetary Cooperation in Asia written by R. Rajan and published by Springer. This book was released on 2009-03-26 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book concentrates on exchange rates and their macroeconomic consequences, analytical and empirical issues relating to currency crises and policy responses and monetary and financial cooperation in Asia. It is truely pan-Asia-focused with chapters on China, Japan, Korea, India and Southeast Asia.

Asian Financial crises

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Publisher : International Monetary Fund
ISBN 13 : 1451965478
Total Pages : 541 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis Asian Financial crises by : International Monetary Fund

Download or read book Asian Financial crises written by International Monetary Fund and published by International Monetary Fund. This book was released on 2001-01-16 with total page 541 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the origins, implications, and solutions for the Asian financial crisis. From the perspective of a member of the Executive Board of the IMF, as Asian problems were building, the IMF overlooked weaknesses in bank and corporate balance sheets in much of Asia: the IMF was unaware of the extraordinary leverage of Korean companies, which in some cases reached a ratio of 600/1 debt to equity. The IMF did not focus on the weak accounting and disclosure practices of banks and nonbanks or generous rollovers of banks to their key clients.

Pacific Basin Working Paper Series

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Author :
Publisher :
ISBN 13 :
Total Pages : 468 pages
Book Rating : 4.:/5 (7 download)

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Book Synopsis Pacific Basin Working Paper Series by :

Download or read book Pacific Basin Working Paper Series written by and published by . This book was released on 2001 with total page 468 pages. Available in PDF, EPUB and Kindle. Book excerpt:

A New Paradigm for Korea's Economic Development

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Publisher : Springer
ISBN 13 : 1403920206
Total Pages : 306 pages
Book Rating : 4.4/5 (39 download)

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Book Synopsis A New Paradigm for Korea's Economic Development by : S. Jwa

Download or read book A New Paradigm for Korea's Economic Development written by S. Jwa and published by Springer. This book was released on 2001-05-21 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: The reader will find here analyses of a wide range of past and current policy experiences and reform efforts in Korea. The policy lessons drawn are designed to aid Korea's transformation from the government-led development model to a modern market-orientated economic system. The main tenet of this book is that Korea's economic future depends entirely upon the successful integration of market-orientated systems and as such, policy recommendations are duly presented.

Financial Governance in East Asia

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Author :
Publisher : Routledge
ISBN 13 : 1134351860
Total Pages : 329 pages
Book Rating : 4.1/5 (343 download)

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Book Synopsis Financial Governance in East Asia by : Gordon De Brouwer

Download or read book Financial Governance in East Asia written by Gordon De Brouwer and published by Routledge. This book was released on 2004-08-02 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Globalism and Regional Economy

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Publisher : Routledge
ISBN 13 : 1135012768
Total Pages : 297 pages
Book Rating : 4.1/5 (35 download)

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Book Synopsis Globalism and Regional Economy by : Susumu Egashiru

Download or read book Globalism and Regional Economy written by Susumu Egashiru and published by Routledge. This book was released on 2013-09-23 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book covers the results of trial and error of regional economies in Japan, Korea, Austria, New Zealand, and the UK over the past two decades. Since the end of the cold war, regional economies have been struggling to meet the demands of global change, and are trying to find a new approach based on "inter-regional cooperation" to survive and develop further. This book focuses on the circumstances of regional economies worldwide as well as three important issues of concern: commercial and policy issues, international trade, and promoting a regional approach in international tourism. The book presents case studies of five countries and examines the possibility of application to other regions. Although every region has suffered from the decline of traditional industries in the face of international competition, academic analysis of successful cases are particularly useful and relevant to the reforms of regional economies and their development. This book also discusses the current problems of FTAs, tourism, medical management, and regional management and suggests possible short-term development strategies. Regional economies have begun a number of initiatives in these fields in the globalized world. The book demonstrates the current results of such initiatives. The book also explores new patterns of collaboration between regions of different countries following their recent initiatives.

Economic Globalization and Asia

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Author :
Publisher : World Scientific
ISBN 13 : 9789812795168
Total Pages : 274 pages
Book Rating : 4.7/5 (951 download)

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Book Synopsis Economic Globalization and Asia by : Ramkishen S. Rajan

Download or read book Economic Globalization and Asia written by Ramkishen S. Rajan and published by World Scientific. This book was released on 2003 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: The term OC economic globalizationOCO has been discussed extensively in the popular press, by business executives and by policy-makers all over the world. While academic economists have made some excellent contributions to specific, technical aspects of economic globalization, there appears to be a need for economists to discuss the broader aspects of the issue in a more accessible manner. Failing this, the general debate will be informed only by the writings of non-economists. That is the motivation for this book, which is a collection of essays on various aspects of economic globalization in general, but with specific reference to Asia. Contents: Economic Globalization: Finance, Trade and Taxation: Economic Globalization and Small and Open Economies: Finance, Trade and Taxation; International Monetary and Financial Issues in East Asia: International Capital Flows and Regional Contagion: Boom and Bust in East Asia in the 1990s; Liquidity-Enhancing Measures and Monetary Cooperation in East Asia: Rationale and Progress; Choosing the Right Exchange Rate Regime for Small and Open Economies in East Asia; International Trade Issues in Asia: The Nexus Between Trade Liberalization and Poverty in Asia; India''s Decade-Long Trade Reforms: How Does It Compare with Its East Asian Neighbours? (with Rahul Sen); Singapore''s Drive to Form Cross-Regional Trade Pacts: Rationale and Implications (with Rahul Sen); International Trade in Infrastructural Services in East Asia: Telecommunications and Finance; International Tax Issues in Asia: Economic Globalization and Taxation: With Particular Reference to Southeast Asia (with Mukul Asher). Readership: Policy-makers, businessmen, professionals and others with an interest in international economic affairs and international economic policy."

The Fed in Print

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Author :
Publisher :
ISBN 13 :
Total Pages : 76 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis The Fed in Print by :

Download or read book The Fed in Print written by and published by . This book was released on 1997 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Business Review

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Publisher :
ISBN 13 :
Total Pages : 90 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Business Review by :

Download or read book Business Review written by and published by . This book was released on 2000 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Does China Matter?

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Author :
Publisher : Routledge
ISBN 13 : 1134409672
Total Pages : 218 pages
Book Rating : 4.1/5 (344 download)

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Book Synopsis Does China Matter? by : Barry Buzan

Download or read book Does China Matter? written by Barry Buzan and published by Routledge. This book was released on 2004-03-18 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: Gerald Segal’s last published paper ‘Does China Matter?’ made a considerable splash, and had he lived, it is certain that he would have followed it up with a book. This new volume honours his memory and takes forward his project, bringing together ten leading writers on China to reassess his argument. This book opens with an detailed assessment of Dr Segal’s contribution, and a reprint of the article. The rest of the chapters address the question of ‘does China matter?’ by focusing separately on both the global and Asian dimensions of China’s presence, and on the military, political, economic and cultural aspects of its capabilities and activities. They provide an extension and critique of Segal’s work in the context of an authoritative up-to-date and forward looking evaluation of China’s prospects. Segal’s question remains central to world politics. This essential book sets out a detailed case for exactly how, why and to whom China matters.

Economic Review

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Publisher :
ISBN 13 :
Total Pages : 76 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Economic Review by :

Download or read book Economic Review written by and published by . This book was released on 2000 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Financial Crises and Contagion in Emerging Market Countries

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Author :
Publisher : RAND Corporation
ISBN 13 :
Total Pages : 78 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Financial Crises and Contagion in Emerging Market Countries by : Julia Lowell

Download or read book Financial Crises and Contagion in Emerging Market Countries written by Julia Lowell and published by RAND Corporation. This book was released on 1998 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explores why some financial crises appear to be contagious, and why some financial markets in emerging market countries appear to be vulnerable to contagion whereas others are not.

Asia Pacific Journal of Finance

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Publisher :
ISBN 13 :
Total Pages : 264 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Asia Pacific Journal of Finance by :

Download or read book Asia Pacific Journal of Finance written by and published by . This book was released on 1999 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Early Warning System for Currency Crises

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Publisher :
ISBN 13 :
Total Pages : 124 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Early Warning System for Currency Crises by : Yih-Jiuan Wu

Download or read book Early Warning System for Currency Crises written by Yih-Jiuan Wu and published by . This book was released on 2000 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt:

FRBSF Economic Letter

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Publisher :
ISBN 13 :
Total Pages : 162 pages
Book Rating : 4.3/5 (243 download)

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Book Synopsis FRBSF Economic Letter by :

Download or read book FRBSF Economic Letter written by and published by . This book was released on 1998 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt: