Why Was Asia Resilient? Lessons from the Past and for the Future

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1475540280
Total Pages : 48 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Why Was Asia Resilient? Lessons from the Past and for the Future by : Mr.Phakawa Jeasakul

Download or read book Why Was Asia Resilient? Lessons from the Past and for the Future written by Mr.Phakawa Jeasakul and published by International Monetary Fund. This book was released on 2014-02-26 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Asia proved to be remarkably resilient in the face of the global financial crisis, but why was its output performance stronger than that of other regions? The paper shows that better initial conditions—in the form of lower external and financial vulnerabilities—contributed significantly to Asia’s resilience. Key pre-crisis factors included moderate credit expansion, reliance on deposit funding, enhanced bank asset quality, reduced external financing, and improved current accounts. These improvements reflected the lessons from the Asian financial crisis in the late 1990s, which helped reshape both public policies and private sector behavior. For example, several countries stepped up their use of macroprudential policies, well before they were recognized as an essential component of the financial stability toolkit. They also overhauled financial regulations and strengthened oversight of financial institutions, which helped reduce risk-taking by households and firms before the global financial crisis. Looking ahead, Asia is in the process of adjusting to more volatile external conditions and higher risk premiums. By drawing the right lessons from its pre-crisis experiences, Asia’s economies will be better equipped to address new risks associated with increased cross-border capital flows and greater integration with the rest of the world.

Why Was Asia Resilient? Lessons from the Past and for the Future

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484321235
Total Pages : 48 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Why Was Asia Resilient? Lessons from the Past and for the Future by : Mr.Phakawa Jeasakul

Download or read book Why Was Asia Resilient? Lessons from the Past and for the Future written by Mr.Phakawa Jeasakul and published by International Monetary Fund. This book was released on 2014-02-26 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Asia proved to be remarkably resilient in the face of the global financial crisis, but why was its output performance stronger than that of other regions? The paper shows that better initial conditions—in the form of lower external and financial vulnerabilities—contributed significantly to Asia’s resilience. Key pre-crisis factors included moderate credit expansion, reliance on deposit funding, enhanced bank asset quality, reduced external financing, and improved current accounts. These improvements reflected the lessons from the Asian financial crisis in the late 1990s, which helped reshape both public policies and private sector behavior. For example, several countries stepped up their use of macroprudential policies, well before they were recognized as an essential component of the financial stability toolkit. They also overhauled financial regulations and strengthened oversight of financial institutions, which helped reduce risk-taking by households and firms before the global financial crisis. Looking ahead, Asia is in the process of adjusting to more volatile external conditions and higher risk premiums. By drawing the right lessons from its pre-crisis experiences, Asia’s economies will be better equipped to address new risks associated with increased cross-border capital flows and greater integration with the rest of the world.

The Asian Financial Crisis

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Author :
Publisher : MIT Press
ISBN 13 : 9780262692458
Total Pages : 300 pages
Book Rating : 4.6/5 (924 download)

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Book Synopsis The Asian Financial Crisis by : Wing Thye Woo

Download or read book The Asian Financial Crisis written by Wing Thye Woo and published by MIT Press. This book was released on 2000 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyzes the Asian financial crisis of 1997-1999. In addition to the issues of financial system restructuring, export-led recovery, crony capitalism, and competitiveness in Asian manufacturing, it examines six key Asian economies--China, Indonesia, Japan, Korea, Malaysia, and Thailand. The book makes clear that there is little particularly Asian about the Asian financial crisis. The generic character of the crisis became clear during 1998, when it reached Russia, South Africa, and Brazil. The spread of the crisis reflects the rapid arrival of global capitalism in a world economy not used to the integration of the advanced and developing countries. The book makes recommendations for reform, including the formation of regional monetary bodies, the establishment of an international bankruptcy system, the democratization of international organizations, the infusion of public money to revive the financial and corporate sectors in Pacific Asia, and stronger supervision over financial institutions. The book emphasizes a mismatch in Pacific Asia between investment in physical hardware (e.g., factories and machinery) and in social software (e.g., scientific research centers and administrative and judiciary systems). In a world of growing international competitiveness, concerns over governance will weigh increasingly heavily on unreformed Asian countries. The long-term competitiveness of Asia rests on its getting its institutions right.

The Future of Asian Finance

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513517643
Total Pages : 310 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis The Future of Asian Finance by : Ms.Ratna Sahay

Download or read book The Future of Asian Finance written by Ms.Ratna Sahay and published by International Monetary Fund. This book was released on 2015-08-21 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: Asia’s financial systems proved resilient to the shocks from the global financial crisis, and growth since then has been strong. But new challenges have emerged in the region’s economies, including demographics and aging, the need to diversify from bank-dominated systems, urbanization and infrastructure, and the rebalancing of economic activity. This book takes stock of the challenges facing the region today and how economic systems in Asia’s advanced and emerging market economies compare with the rest of the world.

Banking on the Future of Asia and the Pacific

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Author :
Publisher : Asian Development Bank
ISBN 13 : 9292577921
Total Pages : 564 pages
Book Rating : 4.2/5 (925 download)

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Book Synopsis Banking on the Future of Asia and the Pacific by : Peter McCawley

Download or read book Banking on the Future of Asia and the Pacific written by Peter McCawley and published by Asian Development Bank. This book was released on 2017-04-01 with total page 564 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a history of the Asian Development Bank (ADB), a multilateral development bank established 50 years ago to serve Asia and the Pacific. Focusing on the region’s economic development, the evolution of the international development agenda, and the story of ADB itself, this book raises several key questions: What are the outstanding features of regional development to which ADB had to respond? How has the bank grown and evolved in changing circumstances? How did ADB’s successive leaders promote reforms while preserving continuity with the efforts of their predecessors? ADB has played an important role in the transformation of Asia and the Pacific the past 50 years. As ADB continues to evolve and adapt to the region’s changing development landscape, the experiences highlighted in this book can provide valuable insight on how best to serve Asia and the Pacific in the future.

Risk and Resilience in the Era of Climate Change

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Author :
Publisher : Springer Nature
ISBN 13 : 9811986215
Total Pages : 220 pages
Book Rating : 4.8/5 (119 download)

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Book Synopsis Risk and Resilience in the Era of Climate Change by : Vinod Thomas

Download or read book Risk and Resilience in the Era of Climate Change written by Vinod Thomas and published by Springer Nature. This book was released on 2023-03-14 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents essential insights on the interaction between rising risks and raising the bar for resilience during the climate crisis. Its timeliness lies in applying important findings on risk and resilience to runaway climate change. When risk and resilience are brought together in the context of climate catastrophes, three key messages emerge. The first is that accounting for the root causes of these calamities, and not just their symptoms, is essential to slowing the spike in these events. It is therefore vital to link carbon emissions from human activity to the sharp rise in climate disasters globally. The second is that growth economics and policy must factor in the failure of governments and businesses to tackle spillover harm from economic activities, as seen dramatically with global warming. With climate risks rising, this calls for a fundamental revision in the teaching and practice of business and economics. And third, prevention must become a far bigger part of resilience building, with greater preparedness for more intense destruction built into interventions. This emphasis on prevention deems disaster recovery as not just returning to how things were but building back better.

Trauma To Triumph: Rising From The Ashes Of The Asian Financial Crisis

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Author :
Publisher : World Scientific
ISBN 13 : 9811253579
Total Pages : 950 pages
Book Rating : 4.8/5 (112 download)

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Book Synopsis Trauma To Triumph: Rising From The Ashes Of The Asian Financial Crisis by : Hoe Ee Khor

Download or read book Trauma To Triumph: Rising From The Ashes Of The Asian Financial Crisis written by Hoe Ee Khor and published by World Scientific. This book was released on 2022-05-12 with total page 950 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book takes stock of and analyzes the events during the Asian financial crisis (AFC) and subsequent developments, including the global financial crisis (GFC), that led to the development of the ASEAN+3 regional financial cooperation framework and the establishment of the ASEAN+3 Macroeconomic Research Office. The book is the first of its kind to compile comprehensive recollections of the major players during the AFC and the GFC, including country-level narratives on the causes and developments of the crises, and measures to overcome them. The book not only presents an analytical and deeper examination of country experiences during both crises, but also assesses the two crises and covers the lessons learnt from the crises, particularly with a focus on the development of regional financial cooperation. The book concludes with regional financial cooperation in retrospect, aiming to catalyze further discussions on the direction of the region's financial cooperation.

European Yearbook of International Economic Law 2016

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Author :
Publisher : Springer
ISBN 13 : 3319292153
Total Pages : 847 pages
Book Rating : 4.3/5 (192 download)

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Book Synopsis European Yearbook of International Economic Law 2016 by : Marc Bungenberg

Download or read book European Yearbook of International Economic Law 2016 written by Marc Bungenberg and published by Springer. This book was released on 2016-07-16 with total page 847 pages. Available in PDF, EPUB and Kindle. Book excerpt: Volume 7 of the EYIEL focusses on critical perspectives of international economic law. Recent protests against free trade agreements such as the Transatlantic Trade and Investment Partnership (TTIP) remind us that international economic law has always been a politically and legally contested field. This volume collects critical contributions on trade, investment, financial and other subfields of international economic law from scholars who have shaped this debate for many years. The critical contributions to this volume are challenged and sometimes rejected by commentators who have been invited to be “critical with the critics”. The result is a unique collection of critical essays accompanied by alternative and competing views on some of the most fundamental topics of international economic law. In its section on regional developments, EYIEL 7 addresses recent megaregional and plurilateral trade and investment agreements and negotiations. Short insights on various aspects of the Transpacific Partnership (TPP) and its sister TTIP are complemented with comments on other developments, including the African Tripartite FTA und the negotiations on a plurilateral Trade in Services Agreement (TiSA). Further sections address recent WTO and investment case law as well as recent developments concerning the IMF, UNCTAD and the WCO. The volume closes with reviews of recent books in international economic law.

Global Economic Cooperation

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Author :
Publisher : Springer
ISBN 13 : 8132226984
Total Pages : 271 pages
Book Rating : 4.1/5 (322 download)

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Book Synopsis Global Economic Cooperation by : Rajat Kathuria

Download or read book Global Economic Cooperation written by Rajat Kathuria and published by Springer. This book was released on 2015-11-23 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses issues such as global financial crisis and global governance, food security, energy sustainability, the global financial system, trade and protectionism, and growth and employment. Since the outbreak of the financial as well as national debt crises in the Euro zone, the focus of the G20 has shifted back to addressing short-term issues. These issues range from the dynamic effects of global imbalances and the appropriate degree of financial sector regulation to questions of austerity versus growth and the lack of a comprehensive framework for managing the international monetary system. A further issue is the relevance of the G20 agenda for emerging market economies. Global economic recovery still remains fragile and downside risks to global growth remain. Additionally, much of the agenda of the Seoul Development Consensus for shared growth launched in 2010 has yet to be fulfilled. A key discussion point in the book, therefore, is how to make a tangible and significant difference in peoples’ lives by implementing an agenda of inclusive growth.​

Asean-5 Cluster Report

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498308740
Total Pages : 58 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Asean-5 Cluster Report by : International Monetary Fund. Asia and Pacific Dept

Download or read book Asean-5 Cluster Report written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2016-06-30 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the evolution of monetary policy frameworks of the Association of Southeast Asian Nations (ASEAN)-5 economies, with particular focus on changes since the Asian financial crisis and the more recent period of unconventional monetary policies in advanced economies. Monetary policy frameworks of the ASEAN-5 economies have on the whole performed well since the crisis, delivering both price and financial stability during a period of significant domestic and regional transformation and global macroeconomic and financial turmoil. Not surprisingly, therefore, successful outcomes in most cases entailed significant changes to operating frameworks and refinement of policy objectives.

Research Bulletin, June 2014

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Publisher : International Monetary Fund
ISBN 13 : 1498320791
Total Pages : 14 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Research Bulletin, June 2014 by : International Monetary Fund. Research Dept.

Download or read book Research Bulletin, June 2014 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2014-06-09 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: Articles in the June 2014 issue of the IMF Research Bulletin look at “The Rise and Fall of Current Account Deficits in the Euro Area Periphery and the Baltics” (Joong Shik Kang and Jay C. Shambaugh) and “The Two Sides of the Same Coin?: Rebalancing and Inclusive Growth in China” (Il Houng Lee, Murtaza Syed, and Xin Wang). The Q&A looks at “Seven Questions on the Monetary Transmission Mechanism in Low-Income Countries” (Andrew Berg, Luisa Charry, Rafael A. Portillo, and Jan Vleck). This issue of the Research Bulletin includes updated listings of IMF Working Papers, Staff Discussion Notes, and Recommended Readings from the IMF Bookstore. Readers can also find information on free access to a featured article from “IMF Economic Review.”

Asia Rising

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 1781007985
Total Pages : 449 pages
Book Rating : 4.7/5 (81 download)

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Book Synopsis Asia Rising by : Hal Hill

Download or read book Asia Rising written by Hal Hill and published by Edward Elgar Publishing. This book was released on 2013-01-01 with total page 449 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'This book provides a coherent and current account of how India, Indonesia, Malaysia, Thailand, the Philippines and the People's Republic of China coped with the Asian financial crisis of the 1990s and the recent global economic recession, and how they may address future challenges in maintaining growth in difficult times. It features a valuable overview of issues from a regional perspective, five chapters on general elements and obstacles in development, and individual chapters on the experience of each of the six countries. Every chapter is replete with relevant institutional and statistical data. The volume fills a void in the literature and is highly recommended for graduate students and for economists concerned with contemporary Asia.' – Peter Drake, The University of New England and Australian Catholic University, Australia 'To understand what makes Asia tick in the face of continuing global uncertainty and instability one has to go beyond numbers into the region's psyche and idiosyncrasies. This volume provides an interestingly intrusive and refreshingly insightful analysis of a highly complex phenomenon that defies generalizations as shown by the diversity of individual country experiences.' – Mohamed Ariff, International Centre for Education in Islamic Finance (INCEIF), Malaysia The center of global economic activity is shifting rapidly towards Asia, driven by a combination of the economic dynamism of the People's Republic of China, India, and other middle-income Asian countries, and sluggish growth in the OECD economies. The rapid growth and rising global prominence have raised a range of major challenges for Asia and for the rest of the world. This comprehensive, forward-looking book examines these issues through in-depth studies of major Asian economies and an analysis of the key development policy options. The contributors, leading international authorities in their field, explore cross-cutting thematic issues with special reference to developing Asia. They address a broad range of subjects including: investment and productivity, savings and the savings–investment relationship, financial development, the provision of infrastructure, and governance and institutions. Detailed country studies focusing on the People's Republic of China, India, Indonesia, Malaysia, the Philippines, and Thailand not only provide an analytical narrative for each case study, but also draw attention to the similarities and diversity within the region. This challenging and thought-provoking book will prove an important point of reference for scholars, researchers, and students in the fields of economics, development economics, and Asian studies.

Financial Sector Crisis and Restructuring

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Author :
Publisher :
ISBN 13 : 9781557758712
Total Pages : 103 pages
Book Rating : 4.7/5 (587 download)

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Book Synopsis Financial Sector Crisis and Restructuring by : Carl-Johan Lindgren

Download or read book Financial Sector Crisis and Restructuring written by Carl-Johan Lindgren and published by . This book was released on 1999 with total page 103 pages. Available in PDF, EPUB and Kindle. Book excerpt: An IMF paper reviewing the policy responses of Indonesia, Korea and Thailand to the 1997 Asian crisis, comparing the actions of these three countries with those of Malaysia and the Philippines. Although all judgements are still tentative, important lessons can be learned from the experiences of the last two years.

Urban Disasters and Resilience in Asia

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Author :
Publisher : Butterworth-Heinemann
ISBN 13 : 0128023775
Total Pages : 370 pages
Book Rating : 4.1/5 (28 download)

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Book Synopsis Urban Disasters and Resilience in Asia by : Rajib Shaw

Download or read book Urban Disasters and Resilience in Asia written by Rajib Shaw and published by Butterworth-Heinemann. This book was released on 2016-01-06 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: Urban Disasters and Resilience in Asia presents the latest information on the intensity and frequency of disasters. Specifically, the fact that, in urban areas, more than 50% of the world's population is living on just 2% of the land surface, with most of these cities located in Asia and developing countries that have high vulnerability and intensification. The book offers an in-depth and multidisciplinary approach to reducing the impact of disasters by examining specific evidence from events in these areas that can be used to develop best practices and increase urban resilience worldwide. As urban resilience is largely a function of resilient and resourceful citizens, building cities which are more resilient internally and externally can lead to more productive economic returns. In an era of rapid urbanization and increasing disaster risks and vulnerabilities in Asian cities, Urban Disasters and Resilience in Asia is an invaluable tool for policy makers, researchers, and practitioners working in both public and private sectors. Explores a broad range of aspects of disaster and urban resiliency, including environmental, economic, architectural, and engineering factors Bridges the gap between urban resilience and rural areas and community building Provides evidence-based data that can lead to improved disaster resiliency in urban Asia Focuses on Asian cities, some of the most densely populated areas on the planet, where disasters are particularly devastating

Future of Regional Cooperation in Asia and the Pacific

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Author :
Publisher : Asian Development Bank
ISBN 13 : 9292624938
Total Pages : 536 pages
Book Rating : 4.2/5 (926 download)

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Book Synopsis Future of Regional Cooperation in Asia and the Pacific by : Bambang Susantono

Download or read book Future of Regional Cooperation in Asia and the Pacific written by Bambang Susantono and published by Asian Development Bank. This book was released on 2020-11-01 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book reviews progress with regional cooperation and integration in Asia and the Pacific and explores how it can be reshaped to achieve a more resilient, sustainable, and inclusive future. Consisting of papers contributed by renowned scholars and Asian Development Bank staff, the book covers four major areas: public goods, trade and investment, financial cooperation, and regional health cooperation. The book emphasizes how the region can better leverage regional integration to realize its vast potential as well as overcome challenges such as the coronavirus disease (COVID-19) pandemic.

Redefining Strategic Routes to Financial Resilience in ASEAN+3

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Author :
Publisher :
ISBN 13 : 9789292691875
Total Pages : 420 pages
Book Rating : 4.6/5 (918 download)

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Book Synopsis Redefining Strategic Routes to Financial Resilience in ASEAN+3 by : Asian Development Bank

Download or read book Redefining Strategic Routes to Financial Resilience in ASEAN+3 written by Asian Development Bank and published by . This book was released on 2021 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores how regional financial cooperation could support greater financial resilience in ASEAN+3 amid rapid economic and financial development and technological change. Globalization and digitalization have transformed the financial landscape of ASEAN+3-the Association of Southeast Asian Nations (ASEAN) and the People's Republic of China, Japan, and the Republic of Korea. Despite impressive reforms, the region faces continued challenges. These include deepening corporate bond markets, coping with cross-border bank concentration risk, reducing dependence on the United States dollar, achieving sustainable infrastructure investments, addressing pension issues, and supporting fintech development. This edited volume highlights the potential for stronger regional financial cooperation to help address such challenges. It discusses lessons learned through financial cooperation since the Asian financial crisis and sets out policy considerations to help promote a more resilient financial future.

Adapting cities for transformative climate resilience: Lessons from the field

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Author :
Publisher : Frontiers Media SA
ISBN 13 : 2832527167
Total Pages : 156 pages
Book Rating : 4.8/5 (325 download)

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Book Synopsis Adapting cities for transformative climate resilience: Lessons from the field by : Amrita G. Daniere

Download or read book Adapting cities for transformative climate resilience: Lessons from the field written by Amrita G. Daniere and published by Frontiers Media SA. This book was released on 2023-06-29 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: