Coping With Capital Flows In East Asia


Coping With Capital Flows In East Asia
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Coping With Capital Flows In East Asia


Coping With Capital Flows In East Asia
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Author : C. H. Kwan
language : en
Publisher: Institute of Southeast Asian Studies
Release Date : 1998

Coping With Capital Flows In East Asia written by C. H. Kwan and has been published by Institute of Southeast Asian Studies this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Business & Economics categories.


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


Capital Mobility In Asia
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Author : Juthathip Jongwanich
language : en
Publisher: Flipside Digital Content Company Inc.
Release Date : 2018-02-14

Capital Mobility In Asia written by Juthathip Jongwanich and has been published by Flipside Digital Content Company Inc. this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-02-14 with Business & Economics categories.


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


Asian Monetary Integration
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Author : Woosik Moon
language : en
Publisher: Edward Elgar Publishing
Release Date : 2012

Asian Monetary Integration written by Woosik Moon and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with Business & Economics categories.


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.



International Trade Capital Flows And Economic Development In East Asia


International Trade Capital Flows And Economic Development In East Asia
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Author : Anthony Bende-Nabende
language : en
Publisher: Routledge
Release Date : 2017-03-02

International Trade Capital Flows And Economic Development In East Asia written by Anthony Bende-Nabende and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-03-02 with Business & Economics categories.


The book provides an understanding of how international trade and capital flows have engineered the development process in East Asia, and examines the real and potential challenges that the region is expect to encounter in the twenty-first century. It integrates four topics (i.e. capital flows, East Asia, globalization and economic development) that are at the centre of the social, political and economic debate. The text highlights the region's growing strategic importance in the twenty-first century globalizing world, where transnational corporations are playing an increasingly decisive role in the global distribution of production and trade. It blends generalised regional analyses with country-specific case studies in the world's most dynamic region. It is so well designed that each of the seventeen countries that comprise the region gets some space for discussion. Thus, the text is a valuable contribution to the social science and business literature, with a special focus on the now strategic region of East Asia.



Studies In East Asian Economies


Studies In East Asian Economies
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Author : Jagdish Handa
language : en
Publisher: World Scientific
Release Date : 2011-07-29

Studies In East Asian Economies written by Jagdish Handa and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-07-29 with Business & Economics categories.


This book includes three economic/econometric studies on four East Asian countries (Indonesia, Malaysia, Philippines and Thailand) and two studies on China. The four East Asian economies, designated at one time as ‘economic tigers’, provide important and interesting case studies on periods of very rapid growth with heavy capital inflows, followed by financial and economic crises. The three studies on these countries examine the impact of heavy capital inflows on growth, real exchange rates and the conduct of domestic monetary policy during the period 1970–96, which immediately preceded their financial crises of 1997–98. At a more general level, they shed light on the contributions that capital inflows make to small open economies and how these inflows impact on their exchange rates and monetary policies. The two studies on China examine the adequacy of capital flows to it and its monetary policies. In recent years, while China has been among the biggest recipients of capital inflows, our study on it finds that these inflows are still considerably short of the amounts that perfect capital flows would imply. Regarding China's pursuit of monetary policy, our study is the first one to question whether interest rates or monetary aggregates are appropriate instruments for the control of the economy. Our finding is that its large informal sector and black money holdings make the use of monetary aggregates the more appropriate policy instrument. This finding contrasts with the usual one for financially developed economies that interest rate targeting and a Taylor rule provide the applicable monetary policy framework. Contents:Capital Inflows and Growth: Evidence from Pre-Crises ASEAN Economies (Shibeshi Ghebre Kahsay and Jagdish Handa)Capital Flows and Real Exchange Rate Behavior: Evidence from Pre-Crises ASEAN Economies (Shibeshi Ghebre Kahsay and Jagdish Handa)Capital Flows and Monetary Policy: Evidence from Pre-Crises ASEAN Economies (Shibeshi Ghebre Kahsay and Jagdish Handa)Assessing International Capital Mobility: Evidence from China (Jagdish Handa, Jie Lin and Helei Wang)Optimal Monetary Policy Instruments and Rules: Evidence from China (Shen Guo, Shengzu Wang and Jagdish Handa) Readership: Graduate students, policy makers and researchers in developmental economics, SEA economies, monetary policy, capital flows and their impact on growth. Keywords:International Capital Mobility;Monetary Policy;Exchange Rates;Economic Growth;Taylor Rule;East Asian Economies;ChinaKey Features:Using Indonesia, Malaysia, Philippines and Thailand for case studies, this book provides a rare in-depth study on the impact of capital inflows and their impact on exchange rates, monetary policy and growth for small open economies, in the transition from a less developed stage to a more developed one. Using China as a case study, this book also provides a rare insight into the extent of capital flows and the formulation of monetary policy for a large, less developed economy in its transition to becoming a developed economy. There are almost no competing studies employing rigorous econometric techniques on these topics for developing economies



Crisis And Contagion In East Asia


Crisis And Contagion In East Asia
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Author : Masahiro Kawai
language : en
Publisher: World Bank Publications
Release Date : 2001

Crisis And Contagion In East Asia written by Masahiro Kawai and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Banks and banking categories.


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.



Private Capital Flows In East Asia


Private Capital Flows In East Asia
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Author :
language : en
Publisher:
Release Date : 2000

Private Capital Flows In East Asia written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Capital movements categories.




Managing Capital Flows In East Asia


Managing Capital Flows In East Asia
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Author : Yan Wang
language : en
Publisher:
Release Date : 1995

Managing Capital Flows In East Asia written by Yan Wang and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Capital market categories.




Human Capital Formation As An Engine Of Growth


Human Capital Formation As An Engine Of Growth
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Author : Loong-Hoe Tan
language : en
Publisher: Institute of Southeast Asian Studies
Release Date : 1999

Human Capital Formation As An Engine Of Growth written by Loong-Hoe Tan and has been published by Institute of Southeast Asian Studies this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Business & Economics categories.


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.



Saving Investment And International Capital Mobility In East Asia


Saving Investment And International Capital Mobility In East Asia
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Author : Soyoung Kim
language : en
Publisher: 대외경제정책연구원
Release Date : 2004

Saving Investment And International Capital Mobility In East Asia written by Soyoung Kim and has been published by 대외경제정책연구원 this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Capital movements categories.