Risk Management In East Asia


Risk Management In East Asia
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Risk Management In East Asia


Risk Management In East Asia
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Author : Yijia Jing
language : en
Publisher: Springer Nature
Release Date : 2021-02-22

Risk Management In East Asia written by Yijia Jing and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-02-22 with Political Science categories.


This book is a joint endeavour of the three partner universities to develop a book with in-depth and state-of-art analysis for the academic community of East Asia and the world. Past disasters, like the 2008 Great Sichuan Earthquake in China and the 2011 Great East Japan Earthquake, saw good efforts of East Asian countries in helping each other. Such a trend has been further strengthened in these countries’ recent cooperation and mutual support in their fight against Covid-19 pandemic. While China, Japan, and South Korea are geographically and culturally contiguous and hence may share some characteristics in their risk management principles and practices, there may also be many significant differences due to their different socioeconomic and political systems. The commonalities and variances in East Asia risk management systems are also reflected by their recent responses to the Covid-19 challenges. While all three countries demonstrated overall success in controlling the epidemic, the measures taken by them were different. This research will be of interest to policymakers, scholars and economists.



Exchange Rate Risk Management


Exchange Rate Risk Management
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Author : George Allayannis
language : en
Publisher: World Bank Publications
Release Date : 2001

Exchange Rate Risk Management written by George Allayannis 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 Debts, External categories.


In a large sample of East Asian nonfinancial corporations, firms using foreign currency derivatives had distinctive characteristics, such as larger size and foreign debt exposures. Unlike in studies of U.S. firms, there was only weak evidence that liquidity-constrained firms with greater growth opportunities hedged more. Firms appeared to use foreign earnings as a substitute for hedging with derivatives, and to engage in "selective" hedging. There was no evidence that East Asian firms eliminated their foreign exchange exposure by using derivatives. And firms using derivatives before the crisis performed just as poorly as nonhedgers during the crisis.



Risk Management In East Asia


Risk Management In East Asia
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Author : Yijia Jing
language : en
Publisher:
Release Date : 2021

Risk Management In East Asia written by Yijia Jing and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021 with categories.


Risk Management in East Asia presents a path-breaking step toward building a common approach to managing the shared risks that challenge China, Japan, and South Korea. Anchored by education leaders at three universities, the book articulates a view of disaster management as learning to cope with hazards that cross international boundaries. - Louise K. Comfort, Professor, Graduate School of Public and International Affairs, University of Pittsburgh Risk management and regional cooperation tend to be overlooked by national governments. This new book provides practical guide and advice on mitigating risks in a post-modern industrialized world where climate change, industrial revolution, geopolitical forces, and pandemics could further exacerbate the human living environment. Indeed, this is a very timely book. - Xiaoyan Liang, Lead Education Specialist, The World Bank This book is a joint endeavour of the three partner universities of CAMPUS Asia Program (Risk Management Experts in East Asia) to develop a book with in-depth and state-of-art analysis of risk management in East Asia. As a disaster-prone region, East Asia emphasizes building preparedness and resilience for natural disasters and human-induced hazards and emergencies. The experiences of China, Japan, and South Korea in seeking appropriate and robust risk management may shed light on global risk management knowledge and practices. This book will discuss the three systems and frontier issues and will be of interest to policymakers, scholars and the general intellectual community. Yijia Jing is dean of the Institute for Global Public Policy and a professor of the School of International Relations and Public Affairs, Fudan University. Jung-Sun Han is a professor at the Division of International Studies, Korea University. Keiichi Ogawa is a professor at the Graduate School of International Cooperation Studies, Kobe University.



Risk And Public Policy In East Asia


Risk And Public Policy In East Asia
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Author : Mutsuko Takahashi
language : en
Publisher: Routledge
Release Date : 2016-04-08

Risk And Public Policy In East Asia written by Mutsuko Takahashi and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-04-08 with Social Science categories.


Contemporary Asian society is marked by social processes associated with the loss of stable economic growth and high employment; family structures capable of caring for family members in need; and governmental economic and political competence. Post-financial crisis job uncertainty and income and labor market polarization have become important issue in Asian societies. Family structures are viewed as have been weakened, with a corresponding rise in divorce and domestic violence. Trust in the government is in decline. Against this backdrop it is timely to review three critical issues: 1) policies addressing work-related risks and socio-economic security; 2) changes regarding the structure and stability of families; and 3) issues concerning governance in times of weakened state capacity, declining trust, and the emergence of new politics. Containing chapters written by international scholars, this book introduces the concepts and theoretical approaches of risk and risk and governance and places them within the context of Asian societies.



Strong Safe And Resilient


Strong Safe And Resilient
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Author : Abhas K. Jha
language : en
Publisher: World Bank Publications
Release Date : 2013-04-10

Strong Safe And Resilient written by Abhas K. Jha 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 2013-04-10 with Business & Economics categories.


Disaster risk management is essential in the fight against poverty. Disasters can, in an instant, wipe out decades of hard-fought poverty reduction and development gains and push countless households into poverty. Disasters disproportionally affect the poor: Vulnerable and marginalized groups, including women, children, the elderly, and people with disabilities, are at particular risk. East Asia and the Pacific is the most disaster-stricken region in the world, suffering from small recurrent as well as rare high-impact events. East Asia is rapidly urbanizing, and cities are becoming disaster hotspots. Unplanned or poorly planned urbanization, which puts more people and assets in harm’s way, is the single largest driver of disaster risk. There is deep uncertainty about future disaster and climate risks, challenging our ability to adapt to new developments and changing the physical and natural environment. Decision makers can make a significant difference by effectively managing disaster risk and building resilience. With education and communication, preparedness, and investments, urbanization can be channeled as a tremendous positive force for development. By decreasing disaster exposure and vulnerability through systematic assessments and communication of risks, better land-use planning, and many other practical measures, the impacts of natural hazards can be reduced significantly. At the same time, it is necessary to recognize that the risks of disasters cannot be entirely eliminated, and countries need to plan for failure by considering different scenarios, especially within complex systems and networks. Preventive investments in risk reduction and emergency preparedness can be extremely cost-effective and can greatly reduce the impact of natural hazards. Governments can prioritize actions based on informed decisions about the level of risk to reduce the risks from disasters. Public investments, such as early-warning systems, retrofitting of critical infrastructure at risk, and mainstreaming systematic risk assessments into relevant public investment planning processes, can help to reduce poverty and promote sustainable economic growth. The World Bank supports countries around the world in mainstreaming a comprehensive and integrated approach to disaster risk management into development. The World Bank provides analytical and advisory services, helps to build climate and disaster resilience into core investments across sectors, and offers unique financial solutions to better manage the contingent fiscal risks from disasters.



Exchange Rate Risk Management


Exchange Rate Risk Management
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Author : George Allayannis
language : en
Publisher:
Release Date : 2012

Exchange Rate Risk Management written by George Allayannis and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.


The recent East Asian (EA) financial crisis provides a natural experiment for investigating foreign-exchange risk management by non-financial corporations. During this period, the financial crisis exposed local firms to large depreciations in exchange rates and decreased access to foreign capital. We explore the exchange rate hedging practices of firms that hedge foreign debt exposure in eight EA countries between 1996 and 1998. Our paper makes three primary contributions. First, we identify and characterize EA companies that use foreign currency derivatives. This includes documenting differences in size, domestic and foreign debt exposures, and financial characteristics. Second, we investigate the factors important in the use of foreign currency derivatives. In contrast to studies of US firms, we find limited support for existing theories of optimal hedging. Instead, we find that firms use foreign earnings as a substitute for hedging with derivatives and evidence that EA firms engage in quot;selectivequot; hedging. Third, we investigate the relative performance of hedgers during and after the crisis. We find no evidence that EA firms eliminate their foreign exchange exposure by using derivatives. Morespecifically, firms using derivatives before the crisis perform just as poorly as nonhedgers during the crisis. Post-crisis, firms that hedged performed somewhat better than nonhedgers, but this result appears to be explained by a larger post-crisis currency exposure for hedgers (an exchange rate risk premium), due to limited access to derivatives during that period.



Managing Financial Risk For Multinational Companies In South East Asia


Managing Financial Risk For Multinational Companies In South East Asia
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Author : Yasmin Yusof
language : en
Publisher: Author House
Release Date : 2007-11-16

Managing Financial Risk For Multinational Companies In South East Asia written by Yasmin Yusof and has been published by Author House this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-11-16 with Reference categories.


This book was written from the perspective of international accounting to show how risk mitigation applies to the multinational firms with complex global transactions and assets. It analyses the interplay of currencies, exchange rates, interest rates, and accounting systems. Financial risk management is a specialized area of international accounting that requires specific training, tools and techniques, if one is to be successful in mitigating risk for an international business. Financial risk management refers to the practices used by corporate finance managers and accountants to limit and control uncertainty in the firm’s total portfolio. Financial risk management aims to minimize the risk of loss from unexpected changes in the prices of currencies, interest rates, commodities, and equities. In the context of international accounting, financial risk management also contains an element of political, legal and “culture” risk—exposure to uncertainty in the outcomes of business transactions and asset transfers that comes with most international business operations. Risk management has become an integral part of international business strategy, and accountants use quantitative tools to measure and analyze risk. The job of the Chief Financial Officer is to identify and address all types of risk, establish support and control mechanisms for dealing with it, and set the course for the risk management team in terms of its policies and objectives. The financial practices commonly employed include diversification; asset allocation ; and hedging. These practices are examined in light of their applications for international business, where accountants must cope with many more types and degrees of risk. A firm’s long-term strategy, such as investment risk, credit risk, and insurance risk are the basis focus for a financial analysis.



Managing Country Risk


Managing Country Risk
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Author : Daniel Wagner
language : en
Publisher: CRC Press
Release Date : 2012-02-15

Managing Country Risk written by Daniel Wagner and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-02-15 with Business & Economics categories.


What would you do if a law that enabled your investment to operate successfully abroad suddenly changed, and your business could no longer operate profitably there? Imagine exporting goods to a government buyer only to discover after the fact that your home country, or the United Nations, has just imposed an embargo on that country. Managing Countr



Financial Integration And Consumption Risk Sharing In East Asia


Financial Integration And Consumption Risk Sharing In East Asia
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Author : Soyoung Kim
language : en
Publisher: 대외경제정책연구원
Release Date : 2003

Financial Integration And Consumption Risk Sharing 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 2003 with Consumption (Economics) categories.




Securing The Belt And Road Initiative


Securing The Belt And Road Initiative
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Author : Alessandro Arduino
language : en
Publisher: Springer
Release Date : 2018-02-01

Securing The Belt And Road Initiative written by Alessandro Arduino and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-02-01 with Political Science categories.


This collection explores the expansion of Chinese outbound investments, aimed to sustain the increased need for natural resources, and how they have amplified the magnitude of a possible international crisis that the People’s Republic of China may face in the near future by bringing together the views of a wide range of scholars. President Xi’s Belt and Road initiative (BRI), aimed to promote economic development and exchanges with China for over 60 countries, necessitates a wide range of security procedures. While the threats to Chinese enterprises and Chinese workers based on foreign soil are poised to increase, there is an urgent need to develop new guidelines for risk assessment, special insurance and crisis management. While the Chinese State Owned Enterprises are expanding their international reach capabilities, they still do not have the capacity to assure adequate security. In such a climate, this collection will be of profound value to policy makers, those working in the financial sector, and academics.