Coping with Capital Flows in East Asia

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Author :
Publisher : Institute of Southeast Asian Studies
ISBN 13 : 9789812300164
Total Pages : 344 pages
Book Rating : 4.3/5 (1 download)

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Book Synopsis Coping with Capital Flows in East Asia by : C. H. Kwan

Download or read book Coping with Capital Flows in East Asia written by C. H. Kwan and published by Institute of Southeast Asian Studies. This book was released on 1998 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: This timely book examines how the countries of East Asia coped with the vast pool of international capital that flowed into the region during the early 1990s. East Asia appeared to be doing well. But, as this book was in preparation in 1997, a currency crisis sent capital fleeing and catapulted the East Asian economies into turmoil. Country-specific updates describe events since July 1997, how government authorities addressed the crisis, and what lessons can be learned.

Capital Mobility in Asia

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Author :
Publisher : Flipside Digital Content Company Inc.
ISBN 13 : 981478608X
Total Pages : 168 pages
Book Rating : 4.8/5 (147 download)

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Book Synopsis Capital Mobility in Asia by : Juthathip Jongwanich

Download or read book Capital Mobility in Asia written by Juthathip Jongwanich and published by Flipside Digital Content Company Inc.. This book was released on 2018-02-14 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ever since the East Asian financial crisis it has been recognized that emerging market economies are vulnerable to both excessive inflows of capital and sudden outflows. This book presents new research on the determinants and effects of capital flows as well as the effectiveness of capital control policies in dealing with volatile capital flows in emerging Asian countries. It examine three issues related to capital movements in Asia: (1) the key factors determining such mobility; (2) the impact of capital movements in a home country, especially on real exchange rates; and (3) the effectiveness of capital account policies.

Asian Monetary Integration

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Publisher : Edward Elgar Publishing
ISBN 13 : 1781009155
Total Pages : 241 pages
Book Rating : 4.7/5 (81 download)

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Book Synopsis Asian Monetary Integration by : Woosik Moon

Download or read book Asian Monetary Integration written by Woosik Moon and published by Edward Elgar Publishing. This book was released on 2012 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: Numerous ideas for monetary and financial cooperation in East Asia have been proposed both within and outside the region since the financial crisis in Asia. Despite this strong level of interest, however, there are few studies that aim to comprehensively address the issue from multiple perspectives. This insightful book redresses the balance and illustrates how East Asian countries plan to take advantage of their rising economic power in rearranging the new international monetary and financial order in the post-crisis era. The expert contributors examine the history, conditions and current efforts towards monetary integration in Asia and explore possible future paths, highlighting the roles and perspectives of East Asian countries in the integration process. They consider how East Asian economies could establish their own zone of monetary stability, and show that monetary stability cannot be separately addressed from the issues of economic growth and solidarity. Without economic growth and solidarity, there would be no purpose in pursuing monetary integration, therefore all three challenges must be simultaneously addressed. Against this backdrop, the book tackles the issues of East Asian monetary integration underpinned by the broad framework of economic growth and solidarity. Scholars of economics, monetary integration, Asian studies and regionalism will find this book to be an illuminating and thought-provoking read.

Facing the Flood

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Author :
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (11 download)

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Book Synopsis Facing the Flood by : Julia Leung

Download or read book Facing the Flood written by Julia Leung and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "This paper examines how Asian economies are dealing with shifting capital flows between safe and emerging market risk assets under the current ultra-loose monetary conditions." --

Crisis and Contagion in East Asia

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Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 54 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Crisis and Contagion in East Asia by : Masahiro Kawai

Download or read book Crisis and Contagion in East Asia written by Masahiro Kawai and published by World Bank Publications. This book was released on 2001 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors investigate the origins of the East Asian crisis and its contagion, examine the channels of contagion, and discuss policy recommendationsThey make detailed recommendations in the context of nine general lessons learned from the East Asian crisis. 1) Preventing crises and contagion: avoid large current account deficits financed through short-term private capital inflows. Aggressively regulate and supervise financial systems to ensure that banks and nonbank financial institutions manage risks prudently. Put in place incentives for sound corporate finance to prevent high leverage ratios and overreliance on foreign borrowing. 2) Managing crises and contagion: In the context of sound policies, mobilize timely external liquidity of sufficient magnitude to restore market confidence. At times of crisis, "bail in" private foreign creditors. When official resources are too limited for the magnitude of the crisis or contagion, and when private creditors are not amenable to coordination, some involuntary private involvement may be needed too. Keep in mind that there is no one-size-fits-all monetary and fiscal stance for responding to crises and contagion. 3) Resolving the systemic consequences of crises and contagion. Move swiftly to establish domestic and international mechanisms for dealing with the assets and liabilities on nonviolable banks and corporations. Cushion the effects of crisis on low-income groups through social policies to ameliorate the inevitable social tensions associated with adjustment. 4) Developing an effective regional financial architecture. Improve mechanisms for preventing, managing, and resolving crises and contagion at the regional level in ways consistent with improvements in the global financial architecture.

Crisis as Conquest

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Author :
Publisher : Orient Blackswan
ISBN 13 : 9788125018988
Total Pages : 156 pages
Book Rating : 4.0/5 (189 download)

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Book Synopsis Crisis as Conquest by : Jayati Ghosh

Download or read book Crisis as Conquest written by Jayati Ghosh and published by Orient Blackswan. This book was released on 2001 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: To What Extent Does The East Asian Experience Provide Us With A Viable Model Of Economic Development? This Tract Seeks To Answer This Through A Careful Analysis Of The Long-Term Development Of The East Asian Economies And Their Recent Crisis. The Tract Shows The Contradictory Implications Of The Process Of Industrialisation And The Problems Of Unregulated Finance Which Makes Liberalised Economies Extra Sensitive To The Slightest Ripple In Investor Sentiments. To Understand The Specificities Of The East Asian Experience, The Tract Looks Carefully At The Histories Of Crises In Other Parts Of The World, And Provides A Powerful Critique Of The Imf Response To Them.

Rethinking Capital Flows for Emerging East Asia

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Author :
Publisher :
ISBN 13 :
Total Pages : 31 pages
Book Rating : 4.:/5 (824 download)

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Book Synopsis Rethinking Capital Flows for Emerging East Asia by : Stephen Grenville

Download or read book Rethinking Capital Flows for Emerging East Asia written by Stephen Grenville and published by . This book was released on 2012 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Since the 1980s, emerging countries have been urged to welcome foreign capital inflows. The result has often been a pattern of surges, where excessive inflows were followed by damaging "sudden stops" and reversals. This was dramatically evident in the Asian crisis of 1997-1998. Since that crisis, the emerging countries of East Asia have typically run current account surpluses and have accumulated substantial foreign exchange reserves. This has kept them largely protected from the impact of volatile capital flows, but this strategy is neither sustainable nor optimal. What is needed is a strategy that makes use of the potential benefits of capital "flowing downhil" (that would require these countries to run current account deficits) while at the same time protecting them from both the excessive inflows and the reversals. This strategy needs to take account not only of the fickle nature of the capital flows, but the structurally-higher profitability which is characteristic of emerging countries, which motivates the excessive inflows. This strategy would require more active management of both exchange rates and capital flows than has been the accepted "best practice". This requires a substantial shift in the current policy mindset. The International Monetary Fund has shifted some distance on this issue, but has further to go." - - Abstarct.

The East Asian Capital Flow Reversal

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Author :
Publisher :
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis The East Asian Capital Flow Reversal by : A. J. Makin

Download or read book The East Asian Capital Flow Reversal written by A. J. Makin and published by . This book was released on 1998 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Private Capital Flows in East Asia

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Author :
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (222 download)

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Book Synopsis Private Capital Flows in East Asia by :

Download or read book Private Capital Flows in East Asia written by and published by . This book was released on 2000 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Human Capital Formation as an Engine of Growth

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Author :
Publisher : Institute of Southeast Asian Studies
ISBN 13 : 9789812300188
Total Pages : 256 pages
Book Rating : 4.3/5 (1 download)

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Book Synopsis Human Capital Formation as an Engine of Growth by : Loong-Hoe Tan

Download or read book Human Capital Formation as an Engine of Growth written by Loong-Hoe Tan and published by Institute of Southeast Asian Studies. This book was released on 1999 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: The East Asian countries have been relatively more advanced than other developing countries in the field of human capital development. Even in the 1960s they managed to attain higher levels of human capital compared with other low- and middle-level economies in the developing world. This volume examines the role of human capital formation in the rapid growth of the East Asian economies. Apart from the formal education variable, other factors such as better health care of the labour force, nutritional status of the population, and on-the-job training are important concerns that were not given sufficient attention in the 1993 World Bank study The East Asian Miracle. This present volume offers many insights of interest to policy-makers and specialists with regard to developing (and transitional) economies.

Managing Capital Flows in East Asia

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Author :
Publisher :
ISBN 13 :
Total Pages : 110 pages
Book Rating : 4.:/5 (326 download)

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Book Synopsis Managing Capital Flows in East Asia by : Yan Wang

Download or read book Managing Capital Flows in East Asia written by Yan Wang and published by . This book was released on 1995 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Managing Capital Flows in East Asia

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Author :
Publisher : World Bank Publications
ISBN 13 : 9780821335291
Total Pages : 480 pages
Book Rating : 4.3/5 (352 download)

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Book Synopsis Managing Capital Flows in East Asia by :

Download or read book Managing Capital Flows in East Asia written by and published by World Bank Publications. This book was released on 1996-01-01 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyzes the deficiencies of the budget system and recommends ways of improving fiscal management so that it meets the requirements of a decentralized market-based economy. The structural transformation of the Russian economy since 1992 has been accompanied by major changes in the countrys fiscal picture, ranging from massive reductions in government spending (through the introduction of noninflationary treasury bill financing) to fiscal decentralization. This report analyzes the deficiencies of the budget system and recommends ways of improving fiscal management so that it meets the requirements of a decentralized market-based economy. The study focuses on two crucial and interrelated features of fiscal management that determine the outcome of fiscal policy and the allocative efficiency of government resources: intergovernmental fiscal relations, and the structural, technical and institutional aspects of the budget system.

East Asia's Financial Systems

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Publisher : Institute of Southeast Asian Studies
ISBN 13 : 9789813055964
Total Pages : 392 pages
Book Rating : 4.0/5 (559 download)

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Book Synopsis East Asia's Financial Systems by : Seiichi Masuyama

Download or read book East Asia's Financial Systems written by Seiichi Masuyama and published by Institute of Southeast Asian Studies. This book was released on 1999 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial systems in the East Asian region are commanding worldwide attention. Japan's financial sector, with an ailing banking system in the aftermath of a bubble economy, is undergoing a "Big Bang" deregulation, liberalization, and securitization. At the same time, the rehabilitation of Southeast Asian and Korean economies in the wake of the Asian financial crisis awaits restoration of their banking sectors. The region's bank-dominated and development finance-oriented financial systems are coming into friction with global capital markets that lack adequate architecture. In this volume, researchers from ten East Asian think- tanks analyse the financial systems in their respective economies. They survey the financial sector deregulation and liberalization that took place in the midst of economic booms and they evaluate the role of the financial systems in the region's current economic misfortunes. Together, the pieces in this volume lay the groundwork for understanding how financial systems in East Asia have evolved as the economies have grown more complex and capital markets have globalized, and how these systems must adapt to move beyond today's crisis to serve the region's economies in the future.

Managing Capital Flows

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 184980687X
Total Pages : 465 pages
Book Rating : 4.8/5 (498 download)

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Book Synopsis Managing Capital Flows by : Masahiro Kawai

Download or read book Managing Capital Flows written by Masahiro Kawai and published by Edward Elgar Publishing. This book was released on 2010-01-01 with total page 465 pages. Available in PDF, EPUB and Kindle. Book excerpt: Managing Capital Flows provides analyses that can help policymakers develop a framework for managing capital flows that is consistent with prudent macroeconomic and financial sector stability. While capital inflows can provide emerging market economies with invaluable benefits in pursuing economic development and growth, they can also pose serious policy challenges for macroeconomic management and financial sector supervision. The expert contributors cover a wide range of issues related to managing capital flows and analyze the experience of emerging Asian economies in dealing with surges in capital inflows. They also discuss possible policy measures to manage capital flows while remaining consistent with the goals of macroeconomic and financial sector stability. Building on this analysis, the book presents options for workable national policies and regional policy cooperation, particularly in exchange rate management. Containing chapters that bring in international experiences relevant to Asia and other emerging market economies, this insightful book will appeal to policymakers in governments and financial institutions, as well as public and private finance experts. It will also be of great interest to advanced students and academic researchers in finance.

Common Foundations of American and East Asian Modernisation

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Publisher : Select Publishing
ISBN 13 : 9814022535
Total Pages : 384 pages
Book Rating : 4.8/5 (14 download)

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Book Synopsis Common Foundations of American and East Asian Modernisation by : Ian Patrick Austin

Download or read book Common Foundations of American and East Asian Modernisation written by Ian Patrick Austin and published by Select Publishing. This book was released on 2009 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Asian Financial Crisis

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Author :
Publisher : Manchester University Press
ISBN 13 : 1526137682
Total Pages : 409 pages
Book Rating : 4.5/5 (261 download)

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Book Synopsis The Asian Financial Crisis by : Shalendra Sharma

Download or read book The Asian Financial Crisis written by Shalendra Sharma and published by Manchester University Press. This book was released on 2018-07-30 with total page 409 pages. Available in PDF, EPUB and Kindle. Book excerpt: This electronic version has been made available under a Creative Commons (BY-NC-ND) open access license. The Asian financial crisis of 1997-98 shook the foundations of the global economy and what began as a localised currency crisis soon engulfed the entire Asian region. What went wrong and how did the Asian economies long considered 'miracles' respond? How did the United States, Japan and other G-7 countries respond to the crisis? What role did the IMF play?. Why did China, which suffers many of the same structural problems responsible for the crisis remain conspicuously insulated from the turmoil raging in its midst?. What explains the remarkable recovery now underway in Asia? In what fundamental ways did the Asian crisis serve as a catalyst to the current thinking about the "new international financial architecture"?. This book provides answers to all the above questions and more, and gives a comprehensive account of how the international economic order operates, examines its strengths and weaknesses, and what needs to be done to fix it.

The Asian Financial Crisis: New International Financial Architecture

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Author :
Publisher : Manchester University Press
ISBN 13 : 9780719066030
Total Pages : 422 pages
Book Rating : 4.0/5 (66 download)

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Book Synopsis The Asian Financial Crisis: New International Financial Architecture by : Shalendra Sharma

Download or read book The Asian Financial Crisis: New International Financial Architecture written by Shalendra Sharma and published by Manchester University Press. This book was released on 2003-10-03 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Asian financial crisis of 1997-98 shook the foundations of the global economy. What began as a localized currency crisis soon engulfed the entire Asian region. What went wrong and how did the Asian economies, long considered "miracles," respond? How did the United States, Japan and other G-7 countries react to the crisis? What role did the IMF play? Why did China remain conspicuously insulated from the turmoil raging in its midst? What lessons can be learnt from the crisis by other emerging economies? This book provides answers to all the above questions and more. It gives a comprehensive account of how the international economic order operates, examines its strengths and weaknesses, and what needs to be done to fix it. The book will be vital to students of economics, international political economy, Asian and development studies.