Financial Markets and Policies in East Asia

ISBN-13: 9780415273886 / Angielski / Twarda / 2001 / 360 str.

Gordon De Brouwer

Opis

While the financial crisis in East Asia could be said to be on the wane in some countries, the reconstruction process in the aftermath and the debate about the financial policies best suited to the region still rages on. This book examines both of these processes in authoritative detail. It includes critical assessment of: the post-crisis state of financial markets; the banking and corporate restructuring process, with special focus on Indonesia; the policy debates currently going on in East Asia, including monetary policy; exchange rate systems and the scope for financial cooperation; and East Asia's debt and equity markets. Contributors including Claudio Borio, Hae Wang Chung, Guy Debelle, Reuven Glick, Robert McCauley and Eisuke Sakakibara, have produced a book that should be influential around the world. In addressing a raft of important financial policy issues, the book assesses the need to secure policy consistency, the scope for inflation targeting, operational aspects of monetary policy, the sustainability of exchange rate regimes and the scope for deeper financial integration in the Australasian area.

Recenzje

'This excellent volume moves beyond providing the now familliar story of the origins and impact of the crisis ...valuable and timely' - Progress in Development Studies

Spis treści

1. Gordon de Brouwer Debating Financial Markets and Policies in East Asia 2. Dominic Wilson Recent Developments in Asian Financial Markets 3. Sang Whan Kim, Haesik Park and Hae Wang Chung Patterns of Bank Intermediation and Structure: a Korean Perspective 4. Ramkishen S. Rajan and Reza Siregar Private Capital Flows in East Asia: Boom, Bust and Beyond 5. Masahiro Kawai Bank and Corporate Restructuring in Crisis-Affected East Asia: From Systemic Collapse to Reconstruction 6. Mari Pangestu and Manggi Habir The Boom, Bust and Restructuring of Indonesian Banks 7. Fan Gang Financial Market Liberalization and Economic Stability in China 8. David Nellor Securing Consistency in Macroeconomic Policy 9. Reuven Glick Fixed or Floating: is it Still Possible to Manage in the Middle? 10. Guy Debelle The Viability of Inflation Targeting for Emerging Market Economies 11. C. E. V. Borio and Robert N. McCauley Comparing Monetary Policy Operating Procedures in Indonesia, Korea, Malaysia and Thailand 12. Gordon de Brouwer Does a Formal Common-Basket Peg in East Asia Make Economic Sense? 13. Eisuke Sakakibara Subregional Currency Union - Japan and Korea 14. Mark Crosby and Glenn Otto An Australia-New Zealand Currency Union

O autorze

Gordon De Brouwer